Murphy USA's (MUSA) Q2 Earnings Miss, Same-Store Sales Grow
Zacks Investment Research | Aug 12, 2019 08:17AM ET
Murphy USA Inc. (NYSE:MUSA) reported second-quarter 2019 earnings per share of $1.01, missing the Zacks Consensus Estimate of $1.16 and the year-ago period adjusted profit of $1.58. The weakness in bottom line could be attributed to lower retail gasoline prices. To be precise, average retail gasoline prices during the quarter were $2.48 per gallon, falling from $2.61 per gallon a year ago.
Murphy USA’s operating revenues of $3.8 billion fell marginally (by 0.7%) year over year but beat the Zacks Consensus Estimate of $3.6 billion on robust retail gallons and same-store sales (SSS) volumes, which rose 5.9% and 3.7% year over year, respectively.
Revenues from petroleum product sales came in at $3.1 billion, down 2% from the second quarter of 2018 and below the Zacks Consensus Estimate of $3.2 billion. However, merchandise sales, at $658.8 million bettered our estimate of $626 million and rose 6.9% year over year.
Murphy USA Inc. Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.