MUSA's Q2 profit estimate is $6.90 per share. Previous quarter saw MUSA missing consensus earnings due to low fuel margins. MUSA's fuel contribution expected to rise 15.5% QoQ. Retail fuel volume projected to increase by 90 million gallons. Positive earnings surprise predicted based on current estimates.
- 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