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
  
  Murphy USA Inc. Reports Third Quarter 2024 Results
  EL DORADO, Ark.--(BUSINESS WIRE)--October 30, 2024--
  Murphy USA Inc. (NYSE: MUSA), a leading marketer of retail motor fuel products and convenience merchandise, today announced financial results for the three and nine months ended September 30, 2024.
  

• *DJ Murphy USA 3Q EPS $7.20 >MUSA, 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 ====== ===== ====== ======
  

• QUICKCHEK'S NEWEST REWARDS PROGRAM SCORES MEMBERS POINTS ON PURCHASES AND AT THE PUMP, from 12:04PM ET on Wednesday Oct 30, 2024 by PR Newswire

  12:04PM ET on Wednesday Oct 30, 2024 by PR Newswire
  Companies Mentioned: MUSA

  QC Rewards loyalty members earn more and get more with every gallon of gas purchased

  QuickChek, the leader in fresh convenience for more than 55 years, is blazing a trail as the first convenience store of its kind to allow consumers to earn rewards points while at the pump in New Jersey. The forward-thinking initiative is part of its latest offerings to QC Rewardsmembers. The launch includes a new rewards program and an app upgrade that offers customers more value and convenience.