Murphy USA Inc. (MUSA - Free Report) announced first-quarter 2021 earnings per share of $2.01, which beat the Zacks Consensus Estimate of $1.53. The outperformance could be attributed to higher retail gasoline price and contribution from the QuickChek acquisition.
However, the company’s bottom line compared unfavorably with the year-earlier quarter's earnings of $2.92 due to a lower retail margin of 15.5 cents per gallon that fell 42.4% year over year and missed the Zacks Consensus Estimate of 17.5 cents.
Meanwhile, Murphy USA’s operating revenues of $3.5 billion rose 11.1% year over year and beat the Zacks Consensus Estimate by $84 million due to improved petroleum product sales.
Revenues from petroleum product sales came in at $2.6 billion, up 6.3% from the first quarter of 2020 and 4.7% above the Zacks Consensus Estimate. Further, merchandise sales, at $833.2 million, rose 21.2% year over year but fell short of the Zacks Consensus Estimate of $871 million.
Balance Sheet
As of Mar 31, Murphy USA — which opened one new retail location and added 156 stores related to the QuickChek acquisition in the quarter to take its store count to 1,660 — had cash and cash equivalents of $304.1 million, and long-term debt (including lease obligations) of $1.8 billion, with a debt-to-capitalization of 69.7%.
During the quarter, the company bought back shares worth $50 million.
Zacks Rank & Stock Picks
Murphy USA carries a Zacks Rank #3 (Hold).
Some better-ranked players in the energy space are Exxon Mobil Corporation (XOM - Free Report) , Imperial Oil Limited (IMO - Free Report) and Suncor Energy (SU - Free Report) . All the companies sport a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
ExxonMobil has an expected earnings growth rate of 1,087.88% for the current year.
Imperial Oil has an expected earnings growth rate of 336.59% for the current year.
Suncor Energy has an expected earnings growth rate of 223.64% for the current year.
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Murphy USA Inc. (MUSA - Free Report) announced first-quarter 2021 earnings per share of $2.01, which beat the Zacks Consensus Estimate of $1.53. The outperformance could be attributed to higher retail gasoline price and contribution from the QuickChek acquisition.
However, the company’s bottom line compared unfavorably with the year-earlier quarter's earnings of $2.92 due to a lower retail margin of 15.5 cents per gallon that fell 42.4% year over year and missed the Zacks Consensus Estimate of 17.5 cents.
Meanwhile, Murphy USA’s operating revenues of $3.5 billion rose 11.1% year over year and beat the Zacks Consensus Estimate by $84 million due to improved petroleum product sales.
Revenues from petroleum product sales came in at $2.6 billion, up 6.3% from the first quarter of 2020 and 4.7% above the Zacks Consensus Estimate. Further, merchandise sales, at $833.2 million, rose 21.2% year over year but fell short of the Zacks Consensus Estimate of $871 million.
Balance Sheet
As of Mar 31, Murphy USA — which opened one new retail location and added 156 stores related to the QuickChek acquisition in the quarter to take its store count to 1,660 — had cash and cash equivalents of $304.1 million, and long-term debt (including lease obligations) of $1.8 billion, with a debt-to-capitalization of 69.7%.
During the quarter, the company bought back shares worth $50 million.
Zacks Rank & Stock Picks
Murphy USA carries a Zacks Rank #3 (Hold).
Some better-ranked players in the energy space are Exxon Mobil Corporation (XOM - Free Report) , Imperial Oil Limited (IMO - Free Report) and Suncor Energy (SU - Free Report) . All the companies sport a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
ExxonMobil has an expected earnings growth rate of 1,087.88% for the current year.
Imperial Oil has an expected earnings growth rate of 336.59% for the current year.
Suncor Energy has an expected earnings growth rate of 223.64% for the current year.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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