earnings
confidence high
sentiment negative
materiality 0.80
Murphy USA Q3 net income falls 24% to $167.7M; cuts FY store openings
Murphy USA Inc.
2023-Q3 EPS reported
$18.47
revenue$16,460,500,000
- Net income $167.7M ($7.69 diluted EPS) vs $219.5M ($9.28) YoY, a 24% decline.
- Total fuel contribution 34.5 cpg vs 37.6 cpg; retail fuel margin fell to 28.7 cpg from 39.3 cpg.
- Merchandise contribution +3.0% to $211.8M on 20.1% unit margins.
- Quarterly dividend raised 5.1% to $0.41/share; $65.3M in share repurchases in Q3.
- 2023 new store opening guidance cut to 27-30 (from up to 45); capex lowered to $325-375M.