Murphy USA Inc

NYSE:MUSAUnited States

Oct 30, 2024

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• -- Earnings Flash (MUSA) MURPHY USA Reports Q3 EPS $7.20, from 4:43PM ET on Wednesday Oct 30, 2024 by MT Newswires

  4:43PM ET on Wednesday Oct 30, 2024 by MT Newswires
  Companies Mentioned: MUSA
  04:43 PM EDT, 10/30/2024 (MT Newswires) -- ...

• -- Earnings Flash (MUSA) MURPHY USA Posts Q3 Revenue $5.24B, from 4:42PM ET on Wednesday Oct 30, 2024 by MT Newswires

  4:42PM ET on Wednesday Oct 30, 2024 by MT Newswires
  Companies Mentioned: MUSA
  04:42 PM EDT, 10/30/2024 (MT Newswires) -- ...

• Murphy USA Inc. Reports Third Quarter 2024 Results, from 4:31PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:31PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: MUSA
  Total assets $ 4,402.4 $ 4,340.1 =========== ========= Liabilities and Stockholders' Equity Current liabilities Current maturities of long-term debt $ 15.7 $ 15.0 Trade accounts payable and accrued liabilities 780.3 834.7 Income taxes payable 62.8 23.1 ----------- --------- Total current liabilities 858.8 872.8 Long-term debt, including capitalized lease obligations 1,820.0 1,784.7 Deferred income taxes 325.5 329.5 Asset retirement obligations 47.4 46.1 Non-current operating lease liabilities 487.7 450.3 Deferred credits and other liabilities 32.9 27.8 ----------- --------- Total liabilities 3,572.3 3,511.2 ----------- --------- Stockholders' Equity Preferred Stock, par $0.01 (authorized 20,000,000 shares, none outstanding) -- -- Common Stock, par $0.01 (authorized 200,000,000 shares, 46,767,164 shares issued at 2024 and 2023, respectively) 0.5 0.5 Treasury stock (26,518,065 and 25,929,836 shares held at 2024 and 2023, respectively) (3,265.9) (2,957.8) Additional paid in capital (APIC) 484.7 508.1 Retained earnings 3,610.8 3,278.1 ----------- --------- Total stockholders' equity 830.1 828.9 ----------- --------- Total liabilities and stockholders' equity $ 4,402.4 $ 4,340.1 =========== ========= Murphy USA Inc. Consolidated Statements of Cash Flows (Unaudited) Three Months Ended September Nine Months Ended 30, September 30, ----------------- -------------------- (Millions of dollars) 2024 2023 2024 2023 -------- ------- -------- ---------- Operating Activities Net income $ 149.2 $167.7 $ 360.0 $ 406.8 Adjustments to reconcile net income (loss) to net cash provided by operating activities Depreciation and amortization 62.8 57.5 180.8 171.7 Deferred and noncurrent income tax charges (benefits) 2.5 (9.3) (4.0) 0.1 Accretion of asset retirement obligations 0.8 0.7 2.4 2.2 Amortization of discount on marketable securities -- -- (0.1) -- (Gains) losses from sale of assets 0.4 0.5 1.4 0.6 Net (increase) decrease in noncash operating working capital (23.8) (35.6) 32.0 (97.2) Other operating activities - net 10.2 8.5 26.4 26.7 ------ ----- ------ ------ Net cash provided (required) by operating activities 202.1 190.0 598.9 510.9 ------ ----- ------ ------ Investing Activities Property additions (136.9) (79.4) (331.1) (224.6) Proceeds from sale of assets 0.3 0.5 1.9 2.3 Investment in marketable securities -- (2.9) -- (11.3) Redemptions of marketable securities 6.0 7.5 10.0 18.0 Other investing activities - net (0.9) (0.4) (1.7) (1.4) ------ ----- ------ ------ Net cash provided (required) by investing activities (131.5) (74.7) (320.9) (217.0) ------ ----- ------ ------ Financing Activities Purchase of treasury stock (125.2) (64.8) (317.7) (172.7) Dividends paid (9.2) (8.4) (27.1) (24.7) Borrowings of debt 225.0 -- 345.0 8.0 Repayments of debt (187.9) (3.9) (315.7) (19.6) Amounts related to share-based compensation (0.6) (6.3) (27.8) (20.6) ------ ----- ------ ------ Net cash provided (required) by financing activities (97.9) (83.4) (343.3) (229.6) ------ ----- ------ ------ Net increase (decrease) in cash, cash equivalents and restricted cash (27.3) 31.9 (65.3) 64.3 Cash, cash equivalents and restricted cash at beginning of period 79.8 92.9 117.8 60.5 ------ ----- ------ ------ Cash, cash equivalents and restricted cash at end of period $ 52.5 $124.8 $ 52.5 $ 124.8 ====== ===== ====== ======