Murphy USA reports Q2 EPS $6.92, consensus $6.92

Reports Q2 revenue $5.45B, consensus $5.73B. “Murphy USA’s advantaged business model delivered strong second quarter results led by continued outperformance in the core non-discretionary fuel and tobacco categories,” said President and CEO Andrew Clyde. “Record second quarter retail fuel contribution dollars helped make up for a slow start in the first quarter and clearly demonstrated that structural margin dynamics remain intact, despite limited volatility versus prior years. Nicotine continues to gain share, while center-of-store results remain mixed, particularly in the Northeast where inflation and other drivers are impacting traffic at QuickChek, more than offsetting the benefits of our initiatives to drive further value in the business. Given these trends remain below our high expectations into the third quarter, we are revising our full-year merchandise margin guidance. Despite these headwinds, customer spend on non-discretionary categories remains robust in our core footprint, creating sustainable value as our NTI activity accelerates in the second half of 2024 and into 2025.”