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

May 13, 2024, 9:59 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Murphy USA's Q1 2024 EPS at $3.13 missed estimates due to lower fuel margins. - Operating revenues of $4.8 billion fell below consensus, petroleum sales declined. - Total fuel contribution fell 13.3%, while merchandise sales rose 3.6%. - MUSA had cash of $56.7 million, long-term debt of $1.8 billion as of March 31. - Other refining companies like Phillips 66, Valero Energy, and Marathon Petroleum saw mixed results. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Corporate Developments

  • Murphy USA's Q1 2024 EPS at $3.13 missed estimates due to lower fuel margins.
  • Operating revenues of $4.8 billion fell below consensus, petroleum sales declined.
  • Total fuel contribution fell 13.3%, while merchandise sales rose 3.6%.
  • MUSA had cash of $56.7 million, long-term debt of $1.8 billion as of March 31.
  • Other refining companies like Phillips 66, Valero Energy, and Marathon Petroleum saw mixed results.

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