Murphy USA Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 04:31 pm
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Murphy USA Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 5,068.9 million compared to USD 5,366.3 million a year ago. Net income was USD 150 million compared to USD 117.7 million a year ago. Basic earnings per share from continuing operations was USD 7.12 compared to USD 5.31 a year ago. Diluted earnings per share from continuing operations was USD 7 compared to USD 5.21 a year ago.
For the full year, revenue was USD 21,529.4 million compared to USD 23,446.1 million a year ago. Net income was USD 556.8 million compared to USD 672.9 million a year ago. Basic earnings per share from continuing operations was USD 25.91 compared to USD 28.63 a year ago. Diluted earnings per share from continuing operations was USD 25.49 compared to USD 28.1 a year ago.
Murphy USA Inc. is a retailer of gasoline and convenience merchandise with more than 1,700 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The Company has one operating segment, which is Marketing. The Marketing segment includes its retail marketing stores and product supply and wholesale assets. The majority of its existing and new-to-industry (NTI) retail gasoline stores operate under the brand names of Murphy USA and Murphy Express. The majority of Murphy USA's stores are located in close proximity to Walmart Supercenters. The Company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. The Company has a network of retail gasoline and convenience stores in approximately 27 states. In addition, it markets fuel to unbranded wholesale customers through a mixture of Company owned and third-party product distribution terminals and pipeline positions.