Murphy (MUSA) Q1 Earnings Miss on Weak Margins, Product Sales

Motor fuel retailer Murphy USA Inc. (MUSA) announced first-quarter 2024 earnings per share of $3.13, which missed the Zacks Consensus Estimate of$4.09 and came in below the year-ago profit of $4.80. The underperformance primarily reflects lower fuel margins and weak petroleum product sales.Meanwhile, Murphy USA’s operating revenues of$4.8 billion fell 4.6% year over year and missed the consensus mark by $25 million.Revenues from petroleum product sales came in at$3.8 billion, below our estimate of $3.9 b ...