UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-35914 MURPHY USA INC. (Exact name of registrant as specified in its charter) Delaware 46-2279221 ...

Murphy USA (MUSA) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this gasoline station operator have returned -1.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The Zacks Oil and Gas - Refining and Marketing industry, to which Murphy USA belongs, has lost 7.2% over this period. Now the key question is: Where could the stock be h ...

Murphy USA (MUSA) came out with quarterly earnings of $3.12 per share, missing the Zacks Consensus Estimate of $4.09 per share. This compares to earnings of $4.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -23.72%. A quarter ago, it was expected that this gasoline station operator would post earnings of $6.31 per share when it actually produced earnings of $7, delivering a surprise of 10.94%.Over the last four quarters, t ...

Murphy USA Inc. Reports Preliminary First Quarter 2024 Results El Dorado, Arkansas, May 1, 2024 (BUSINESS WIRE) – Murphy USA Inc. (NYSE: MUSA), a leading marketer of retail motor fuel products and convenience merchandise, today announced financial results for the three months ended March 31, 2024. Key Highlights: "First quarter results showed the resilience of Murphy USA's core fuel and tobacco categories, as these remain non- discretionary purchases to a growing base of customers who continued to trade dow ...

Murphy USA (MUSA) is set to release first-quarter results on May 1. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $4.09 per share on revenues of $4.9 billion.Let’s delve into the factors that might have influenced the downstream operator’s results in the March quarter. But it’s worth taking a look at MUSA’s previous-quarter performance first.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, the El Dorado, AR-based motor fuel retailer beat the cons ...

The most recent trading session ended with Murphy USA (MUSA) standing at $421.11, reflecting a +1.06% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.1%.Coming into today, shares of the gasoline station operator had gained 0.58% in the past month. In that same time, the Oils-Energy sector gained 4.26%, while the S&P 500 lost 3.01%.Investors will be eagerly watching for ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Murphy USA (MUSA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this gasoline station operator have returned +0.6% over the past month versus the Zacks S&P 500 composite's -3% change. The Zacks Oil and Gas - Refining and Marketing industry, to which Murphy USA belongs, has gained 1.6% over this period. Now the key question is: Where could the stock be headed in the n ...

Murphy USA (MUSA) ended the recent trading session at $412.85, demonstrating a -1.96% swing from the preceding day's closing price. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow saw an upswing of 0.06%, while the tech-heavy Nasdaq depreciated by 0.52%.Prior to today's trading, shares of the gasoline station operator had gained 1.7% over the past month. This has lagged the Oils-Energy sector's gain of 3.38% and outpaced the S&P 500's loss of 1.66% in that time.The investment comm ...

Retail Operations - As of December 31, 2023, the company operates 1,733 retail stores, with a significant number located near Walmart, enhancing customer traffic and collaboration on fuel discount programs [16] - As of December 31, 2023, the total number of branded retail outlets increased to 1,733 from 1,712 in 2022, with Murphy USA and Murphy Express outlets at 1,577 and QuickChek at 156 [41] - The company sold approximately 4.8 billion gallons of motor fuel through its retail outlets in 2023, indicating strong sales performance [32] - The retail gasoline industry is highly competitive, with significant competition from non-traditional retailers such as supermarkets and discount clubs [44] Financial Performance - In 2023, the company repurchased 1,026,300 common shares for $333.2 million, averaging $324.62 per share, with $1.4 billion remaining under its 2023 share repurchase authorization [22] - The quarterly dividend was raised four times in 2023 from $0.35 to $0.41 per share, resulting in an annualized dividend of $1.64 per share as of Q4 2023 [22] - The total fuel contribution per gallon decreased to 31.4 cents from 34.3 cents in 2022, while the retail fuel margin per gallon decreased to 27.6 cents from 29.6 cents [41] - Merchandise sales revenue per store per month increased to $199.1 thousand in 2023 from $193.5 thousand in 2022, with a merchandise margin of 19.7% [41] Operational Efficiency - The company operates a low-cost retail model, with 75% of its stores located on company-owned property, minimizing rent expenses and overhead costs [19] - The company has improved its cash fuel breakeven requirement by more than 3 cents per gallon since its spin-off in 2013, demonstrating operational efficiency [19] - The company utilizes a standard hardware and software platform for point-of-sale systems across its stores, enhancing operational efficiency [48] Growth and Expansion - The company plans to build at least 30 to 35 new NTI locations and 35 raze-and-rebuild stores in 2024, targeting high-return locations [25] - The company aims to diversify its merchandise mix and enhance food and beverage capabilities, leveraging partnerships to boost revenue and margins [26] Employee Engagement and Safety - The company employs approximately 15,600 employees as of December 31, 2023, emphasizing its commitment to employee engagement and service quality [23] - Murphy USA is committed to employee safety, emphasizing a strong safety culture and rapid response programs for safety events [69] - Murphy USA has consolidated several benefit programs with QuickChek, including medical, dental, and retirement plans, to enhance employee benefits [68] - The company is focused on increasing diversity through talent management strategies, including annual succession planning and performance reviews [66] - The company has established partnerships with HBCUs to enhance talent development and diversity initiatives [69] Regulatory Environment - The company is subject to stringent environmental regulations, which may increase compliance costs and impact overall business operations [56] - Murphy USA's operations are subject to various regulatory requirements, including those related to the sale of alcoholic beverages and tobacco products [60] - The company adheres to federal and state regulations regarding wage rates and labor costs, which could impact financial performance [61] Financial Structure and Risk Management - The company maintains a conservative financial structure, providing resilience against volatile fuel price movements and supporting a disciplined capital expenditure program [21] - Murphy USA has short-term commodity derivative contracts in place to hedge the purchase price of refined products, with a 10% change in benchmark prices being immaterial to the company [265] - The company has a floating rate term loan balance of $390.0 million as of December 31, 2023, which is tied to SOFR interest rates [266] Environmental Compliance - The company plans to allocate approximately $7.1 million in capital expenditures for environmental compliance in 2024 [52] Market Conditions - Market conditions in the oil and gas industry are cyclical, influenced by global events and regulatory changes, impacting crude oil prices and consumer demand [45] - Consumer demand for products may be adversely affected by stricter fuel economy standards and greenhouse gas emission regulations [54]