Murphy USA reports preliminary Q1 EPS $3.12, consensus $4.58

Reports preliminary Q1 revenue $4.844B, consensus $4.89B. “First quarter results showed the resilience of Murphy USA’s core fuel and tobacco categories, as these remain non-discretionary purchases to a growing base of customers who continued to trade down for value and stocked up around severe weather events throughout the quarter,” said President and CEO Andrew Clyde. “Strong year-over-year and two-year fuel volume performance at comparable Q1 retail margins further demonstrate structural industry dynamics remain intact and favor Murphy USA in the most recent rising price and lower volatility environment. Our major innovation, growth and productivity initiatives remain on track, with results largely weighted to the second half of the year. As such, we continue to be well positioned to execute against our long-term value creation strategy.”