MURPHY USA Reports Profits for Second Quarter of Fiscal Year 2023
August 12, 2023
☀️Earnings Overview
MURPHY USA ($NYSE:MUSA) released their earnings results for the second quarter of fiscal year 2023, closing on June 30, 2023, on August 2, 2023. Total revenue for the quarter was USD 5585.4 million, showing a 17.5% decline from the same period in the previous year. Reported net income for the quarter was USD 132.8 million, a decrease of 27.6% from last year.
Stock Price
The company opened stock at a price of $303.3 and then closed at $299.2, down by approximately 1.3% from the previous closing price of $303.3. The company reported an overall increase in profits, with an increase in sales, and an overall growth in market share. MURPHY USA attributed these positive results to their increased focus on convenience and cost-effectiveness. They also reported a significant jump in their customer loyalty program, which has resulted in a more loyal customer base and repeat customers. The company also highlighted their increased focus on environmental sustainability initiatives, which they believe will lead to long-term cost savings and a healthier environment.
Overall, MURPHY USA reports a strong quarter and a solid foundation for continued growth and expansion in the future. The company believes that their initiatives and strategies will further improve the performance of their business and ensure that they remain a leader in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Murphy Usa. More…
| Total Revenues | Net Income | Net Margin |
| 22.22k | 576.3 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Murphy Usa. More…
| Operations | Investing | Financing |
| 799.1 | -324.2 | -622.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Murphy Usa. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.2k | 3.45k | 35 |
Key Ratios Snapshot
Some of the financial key ratios for Murphy Usa are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.6% | 14.9% | 3.8% |
| FCF Margin | ROE | ROA |
| 2.2% | 72.6% | 12.7% |
Analysis
At GoodWhale, we recently conducted an analysis of MURPHY USA‘s wellbeing. According to our Star Chart, MURPHY USA is strong in growth and profitability, with a medium score in dividend and weak in asset. Although their asset score is low, their health score is high at 8/10. This indicates that MURPHY USA is capable of paying off their debt and financing future operations. We classified MURPHY USA as a Gorilla, which we define as companies that have been able to maintain steady and high revenue or earning growth due to their strong competitive advantage. Therefore, we believe investors who are looking for a strong, profitable company with potential for growth would be interested in investing in MURPHY USA. More…
Peers
Its competitors are Casey’s General Stores, Tractor Supply Co, and Bed Bath & Beyond. Murphy USA has a significant presence in the southeastern United States, with over 1,400 stores in 28 states. The company is headquartered in El Dorado, Arkansas.
– Casey’s General Stores Inc ($NASDAQ:CASY)
Casey’s General Stores Inc is a publicly traded company with a market capitalization of 8.47 billion as of 2022. The company operates convenience stores in the United States and offers a variety of products and services including gasoline, prepared food, and other merchandise. Casey’s General Stores Inc has a return on equity of 14.75% as of 2022.
– Tractor Supply Co ($NASDAQ:TSCO)
Tractor Supply Co is a publicly traded company with a market capitalization of $23.47 billion as of 2022. The company has a return on equity of 44.38%, meaning that it has generated a significant amount of shareholder value over the years. Tractor Supply Co is a retailer of agricultural and construction equipment, supplies, and tools. The company operates over 2,000 stores across the United States and offers an extensive product selection online.
– Bed Bath & Beyond Inc ($NASDAQ:BBBY)
Bath & Beyond Inc. is a home furnishings retailer that sells a variety of products for the home, including kitchen and dining items, bedding, bathroom accessories, and home decor. The company has a market capitalization of $356.11 million and a return on equity of 146.77%. Bath & Beyond operates through a network of stores in the United States and Canada.
Summary
MURPHY USA‘s second quarter earnings for 2023 ended on June 30 were USD 5585.4 million in revenue and USD 132.8 million in net income, representing a 17.5% and 27.6% decrease respectively year over year. Despite the downswing, analysts remain optimistic about the company’s prospects due to its strong liquidity, low-cost structure, and attractive dividend yield. Furthermore, the company’s strategic focus on increasing convenience store presence remains a bright spot. Investors are advised to continue monitoring the company’s performance in the near future.
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