Murphy USA Inc. (MUSA) Tops Q3 EPS by 150c; provides guidance updates

Murphy USA Inc. (NYSE: MUSA) reported Q3 EPS of $7.69, $1.50 better than the analyst estimate of $6.19. Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.72 billion.

GUIDANCE:

The Company is taking the opportunity to update specific guidance metrics initially provided in January. Due to ongoing challenges in permitting new sites, contractor delays, and other supply chain hurdles, the forecast is now 27-30 new stores to open in 2023, versus the \"up to 45\" in the original guidance. The Company successfully redirected capital to slightly increase raze-and-rebuild activity, planning to end the year at 33 stores, above the initial guidance of \"up to 30\" stores. Accordingly, as some of the growth capital is deferred into 2024 due to delays in new store growth, the expected range of capital expenditures should approximate $325 million to $375 million, from $375 million to $425 million previously.

For earnings history and earnings-related data on Murphy USA Inc. (MUSA) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• CapitalOne Starts Murphy USA (MUSA) at Overweight
• NVE Corporation names new CEO and expands board to seven members