Murphy USA Inc. (MUSA) Tops Q2 EPS by $1.59
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Murphy USA Inc. (NYSE: MUSA) reported Q2 EPS of $4.79, $1.59 better than the analyst estimate of $3.20. Revenue for the quarter came in at $4.46 billion versus the consensus estimate of $4.14 billion.
2021 Guidance Update:
The Company has continued its strong performance into 2021 despite very challenging macro conditions in the marketplace. While management has not historically made a practice of updating guidance throughout the year, there are several metrics that were previously provided for the 2021 year in January that need to be revised based on updated conditions.
|
| 2021 Original |
| 2021 Updated |
Organic Growth |
|
|
|
|
New Stores |
| up to 55 |
| 34 to 38 |
Raze-and-Rebuilds |
| up to 25 |
| 31 |
Fuel Contribution |
|
|
|
|
Retail fuel volume per store (K gallons APSM) |
| 245 to 255 |
| 232 to 238 |
Store Profitability |
|
|
|
|
Merchandise contribution ($ Millions) |
| $680 to $700 |
| $690 to $700 |
Retail store OPEX excluding credit cards ($K, APSM) |
| $27 to $28 |
| $28 to $29 |
Corporate Costs |
|
|
|
|
SG&A ($ Millions per year) |
| $190 to $200 |
| $190 to $200 |
Effective Tax Rate |
| 24% to 26% |
| 24% to 26% |
Capital Allocation |
|
|
|
|
Capital expenditures ($ Millions) |
| $325 to $375 |
| $325 to $375 |
For earnings history and earnings-related data on Murphy USA Inc. (MUSA) click here.
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