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Murphy USA reports Q1 EPS $4.80, consensus $4.02
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Murphy USA reports Q1 EPS $4.80, consensus $4.02

Reports Q1 revenue $5.08B, consensus $4.95B. "Murphy USA performance was exceptional during the first quarter, delivering results aligned with our high expectations and future value creation potential," said President and CEO Andrew Clyde. "All-in fuel margins of 28.9 cents per gallon support our view of structurally higher industry margins, and were complemented by continued volume growth and share gains. Strong fuel performance and robust customer traffic drove meaningful year-over-year growth inside the stores, translating to strong merchandise performance. With new investments underway to help better serve our customers and grow future earnings, we believe the next five years of high-return organic growth, strong fundamentals and resulting free cash flow make a compelling case for continued share repurchase, as evidenced by our announcement of a new up to $1.5 billion authorization following the completion of our $1 billion program, which we expect to finish in 2023."

Published first on TheFly

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