Welcome to our dedicated page for Murphy Usa news (Ticker: MUSA), a resource for investors and traders seeking the latest updates and insights on Murphy Usa stock.
Murphy USA Inc (MUSA) operates one of America's largest low-cost fuel retail networks with strategically located convenience stores. This page serves as the definitive source for official company announcements, financial updates, and operational developments.
Investors and industry observers will find curated press releases covering quarterly earnings, strategic partnerships, and fuel distribution innovations. The collection includes updates on store expansions, pricing strategies, and supply chain enhancements that drive Murphy USA's market leadership.
All content is sourced directly from company filings and verified channels, providing reliable information for making informed decisions. Regular updates ensure comprehensive tracking of Murphy USA's operational milestones and retail initiatives.
Bookmark this page for streamlined access to Murphy USA's latest developments. Combine these updates with SEC filings and earnings call transcripts for complete market analysis.
Murphy USA (NYSE: MUSA) announced its Q2 2024 results. Key highlights:
Net income was $144.8 million, or $6.92 per diluted share, up from $132.8 million, or $6.02 per diluted share, in Q2 2023. Total fuel contribution increased to 31.7 cpg from 29.5 cpg. However, retail gallons decreased by 0.6%. Merchandise contribution rose by 4.7% to $216.5 million on 20.0% margins.
Murphy USA repurchased 238.4K shares for $107.1 million and paid a quarterly dividend of $0.44 per share, totaling $9.1 million. The effective tax rate was 25.1%, up from 24.4%.
Updated FY2024 guidance revises merchandise contribution to $830-$840 million from $860-$880 million due to weak consumer demand in the Northeast. Raze-and-rebuild sites guidance increased to over 40 from the range of 35-40.
EPS and Adjusted EBITDA increased, driven by higher fuel and merchandise contributions, partially offset by higher operating expenses.
Murphy USA (NYSE: MUSA) announced the release of its preliminary second quarter 2024 earnings results on July 31, 2024, after the market closes. The company has scheduled a conference call for August 1, 2024, at 10:00 a.m. CT to discuss these results. Investors can join the call by dialing 1-888-330-2384 using the conference ID 6680883. Alternatively, the call will be webcast live on Murphy USA’s Investor Relations website. A replay of the webcast will be available an hour after the call ends, along with a transcript of the discussion.
Murphy USA Inc. announced a dividend increase of 4.8%, with a quarterly cash dividend of $0.44 per share, or $1.76 per share annually. The dividend will be paid on June 3, 2024, to stockholders of record as of May 20, 2024.
Murphy USA Inc. reported its preliminary first-quarter 2024 results, showcasing a net income of $66.0 million, or $3.12 per diluted share, compared to $106.3 million, or $4.80 per diluted share, in Q1 2023. Retail gallons increased by 1.0%, while same-store sales volumes declined by 0.9%. Merchandise contribution dollars rose by 2.4% to $191.6 million. The Company repurchased 216.0 thousand common shares for $86.9 million and paid a quarterly dividend of $0.42 per share. Despite lower net income and Adjusted EBITDA, Murphy USA remains optimistic about its long-term value creation strategy.
