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, 2025 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 46-2279221 (State or other jurisdiction of incorporation or organization) (I.R.S. ...

Murphy USA (MUSA) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good morning, and welcome to the Murphy USA First Quarter twenty twenty five Earnings Conference Call. All participants are in a listen only mode. After the speakers' remarks, we will conduct a question and answer session. As a reminder, this conference call is being recorded. I would now like to turn the call over to Christian Pikel, Vice President of Investor Relations. Thank you. Please go ahead. Speaker1 Yes. Great. Thank you, Jul ...

For the quarter ended March 2025, Murphy USA (MUSA) reported revenue of $4.53 billion, down 6.6% over the same period last year. EPS came in at $2.63, compared to $3.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.77 billion, representing a surprise of -5.05%. The company delivered an EPS surprise of -32.04%, with the consensus EPS estimate being $3.87.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Murphy USA (MUSA) came out with quarterly earnings of $2.63 per share, missing the Zacks Consensus Estimate of $3.87 per share. This compares to earnings of $3.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -32.04%. A quarter ago, it was expected that this gasoline station operator would post earnings of $6.43 per share when it actually produced earnings of $6.96, delivering a surprise of 8.24%. Over the last four quarter ...

Exhibit 99.1 Murphy USA Inc. Reports First Quarter 2025 Results El Dorado, Arkansas, May 7, 2025 (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, 2025. Key Highlights: "Murphy USA's Q1 results fell slightly short of internal expectations, but all in all, the business performed admirably despite a 2% comparison headwind from temporal factors including the timing ...

The retail sector is highly competitive, with companies constantly trying to capture customer loyalty. Murphy USA (MUSA) , part of the Zacks Retail - Convenience Stores industry, has set itself apart through a high-volume, low-cost operating model. This approach helps it stay profitable even when margins are tight. A major strength lies in its ownership of over 90% of its fuel stations, which helps keep operating costs low — a key advantage in a low-margin business.Fueling Success Through Walmart Partnershi ...

Core Viewpoint - Market sell-offs create opportunities for investors to acquire stocks at discounted prices, including steady dividend stocks like Murphy USA, which has seen a significant decline in share price despite strong operational performance [1][2]. Group 1: Company Overview - Murphy USA is the fourth-largest convenience store chain in the U.S., operating over 1,760 stores across 27 states and serving approximately 2 million customers daily [4]. - The company has been a strong performer since its market debut in 2013, achieving an 11-bagger return for investors [2]. Group 2: Operational Strengths - Despite a 22% decline in share price, Murphy USA's operations remain robust, with a focus on low prices and a strategic location adjacent to Walmart stores [5][6]. - The company has outperformed the U.S. fuel sales growth rate, achieving a 14% annual growth in gallons sold since 2013, compared to the 4% national average [7]. Group 3: Growth Strategy - Murphy USA plans to open 50 new stores annually and convert 30 kiosk stores into larger formats, resulting in a 4% annualized store count growth [8]. - The company has increased its gross profit margins from 5% in 2013 to 11% today, supported by a significant stock buyback program [8]. Group 4: Financial Performance - Management has reduced the outstanding shares by 57% since 2013, significantly boosting per-share financial metrics, including a tenfold increase in free cash flow per share [9][10]. - Murphy USA trades at a price-to-free cash flow (P/FCF) ratio of 23, which is below the S&P 500 average of around 32, indicating a submarket valuation despite historical outperformance [11][12]. Group 5: Dividend Growth - The company has increased its dividend for 12 consecutive quarters, nearly doubling its payments since 2021, with a current yield of 0.4% that utilizes only 9% of its free cash flow [14][15]. - This growing dividend serves as an additional method to reward shareholders alongside stock buybacks [15]. Group 6: Overall Assessment - Murphy USA is positioned as a staple goods provider with consistent cash flows, allocating half of its cash to new store growth and the other half to shareholder returns through buybacks and dividends [16].

It has been about a month since the last earnings report for Murphy USA (MUSA) . Shares have lost about 10.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Murphy USA due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Murphy USA’s Q4 Earnings Beat EstimateMurphy ...

Core Points - Murphy USA Inc. is celebrating the five-year anniversary of its partnership with Boys & Girls Clubs of America through the 'Great Futures Fueled Here' campaign, which has raised over $11 million since its inception in 2020 [1][3][4] - The 2025 customer round-up campaign will run from March 5 to April 30, 2025, across 27 states, allowing customers to round up their purchases or donate directly to support local youth [2][4] - The partnership has significantly impacted young people's lives, with initiatives like the Back-to-School Prep-Rally in 2024, focusing on goal-setting and STEM activities [3][4] Company Overview - Murphy USA operates more than 1,750 stores primarily in the Southwest, Southeast, Midwest, and Northeast United States, serving approximately two million customers daily [6] - The company ranks 214 among Fortune 500 companies and employs around 17,200 people [6]

Retail Operations - The company sold approximately 4.8 billion gallons of motor fuel through its retail outlets in 2024[33]. - As of December 31, 2024, the company operated a total of 1,757 retail stores, with 368 located in Texas and 136 in New Jersey[34]. - As of December 31, 2024, the total number of branded retail outlets increased to 1,757 from 1,733 in 2023, with Murphy USA and Murphy Express outlets at 1,601[41]. - The company operates with a low-cost retail model, with 75% of its stores located on company-owned property, minimizing rent expenses[20]. - The company utilizes a standard POS system across all stores, enhancing operational efficiency and supporting third-party delivery services[48][50]. Financial Performance - The company repurchased approximately $446.6 million worth of common shares in 2024, with a total of $3.5 billion repurchased over the past eleven years[23]. - The quarterly dividend was raised four times in 2024, increasing from $0.41 per share in Q4 2023 to $0.48 per share, resulting in an annualized dividend of $1.92 per share[23]. - Total fuel contribution per gallon decreased to 30.5 cents from 31.4 cents in 2023, while retail fuel margin per gallon increased slightly to 28.1 cents from 27.6 cents[41]. - Merchandise sales revenue per store per month rose to $204.3 thousand in 2024, up from $199.1 thousand in 2023, with merchandise margin at 19.8%[41]. - Murphy USA's floating rate term loan amounts to $386.0 million, with an additional $56.0 million outstanding on its revolving credit facility as of December 31, 2024[266]. Growth and Expansion - The company plans to build up to 50 new NTI locations and 30 raze-and-rebuild stores in 2025, targeting at least 50 NTI and 30 raze-and-rebuilds annually in future periods[26]. - The company aims to enhance its merchandise mix by developing higher-margin non-nicotine sales and expanding food and beverage capabilities[27]. - The company expects to maintain a disciplined capital expenditure program focused on organic growth, supported by a strong cash position and credit availability[22]. Employee and Human Capital - The company has approximately 17,200 employees as of December 31, 2024, contributing to its sustainable business model and organic growth opportunities[24]. - As of December 31, 2024, Murphy USA employed approximately 17,200 individuals, including 5,900 full-time and 11,300 part-time employees[63]. - The company has consolidated virtually all QuickChek benefit programs with its own, ensuring competitive benefit packages for all eligible employees starting in 2025[68]. - The company is committed to employee development through various initiatives, including mentorship programs and tuition reimbursement[69]. - Murphy USA's human capital management is driven by core principles of Integrity, Respect, Citizenship, and Spirit[65]. Market and Regulatory Environment - The retail gasoline industry is highly competitive, with significant competition from non-traditional retailers, impacting market share and pricing strategies[42][44]. - Consumer demand for motor fuel typically increases during the summer driving season, affecting revenues and sales volumes, which are generally higher in the second and third quarters[46]. - The company faces regulatory challenges related to environmental laws, which may increase operational costs and compliance requirements[52][58]. - The company is subject to stringent fuel economy standards and GHG emission regulations, which could adversely impact demand for its products[54][56]. - The company actively monitors changes in labor laws to ensure compliance and manage potential increases in labor costs[62]. Safety and Risk Management - The company emphasizes a strong safety culture, focusing on employee roles in identifying and mitigating safety risks[69]. - The company utilizes limited derivative instruments to manage commodity price risks, with a 10% change in benchmark prices having an immaterial impact on financials[265]. - Interest rate fluctuations tied to SOFR can affect the company's interest expenses, but a 10% change would also have an immaterial impact on financial statements[266].