Murphy USA Q1 net income falls 30% to $106.3M ($4.80 EPS); board authorizes $1.5B buyback

Murphy USA Inc.

2023-Q1 EPS reported $4.80 revenue$5,077,200,000

Net income $106.3M ($4.80 diluted EPS) vs $152.4M ($6.08) in Q1 2022, down 30%.
Total fuel contribution 28.9 cpg, down from 34.0 cpg year over year; PS&W margins declined.
Merchandise contribution up 6.5% to $187.1M, driven by higher unit volumes and prices.
New $1.5B share repurchase authorization approved, effective upon completion of current $1B program, through Dec 31, 2028.
Repurchased 48.8k shares for $13.7M in Q1; $200M remains under current authorization.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Murphy USA Inc. reported three months ended March 31, 2023 results: net income $106.3 million, EPS $4.80 per diluted share.

Period: three months ended March 31, 2023
Net income: $106.3 million
EPS: $4.80 per diluted share
Result: preliminary results

Exact text from the filing

today announced preliminary financial results for the three months ended March 31, 2023. Key Highlights: • Net income was $106.3 million, or $4.80 per diluted share, in Q1 2023 compared to net income of $152.4 million, or $6.08 per diluted share, in Q1 2022.

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Source: SEC EDGAR

accession 0001573516-23-000019

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