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MUSA MURPHY 200 PEACH STREET EL DORADO , AR 71730 Murphy USA Inc. Reports First Quarter 2021 Results El Dorado , Arkansas , April 28 , 2021 ( GLOBE NEWSWIRE ) - Murphy USA Inc. ( NYSE : MUSA ) , a leading marketer of retail motor fuel products and convenience merchandise , today announced financial results for the three months ended March 31 , 2021 . Key Highlights : • Net income was $ 55.3 million , or $ 2.01 per diluted share , in Q1 2021 compared to net income of $ 89.3 million , or $ 2.92 per diluted share , in Q1 2020. All amounts reported for Q1 2021 include the consolidated results of our wholly - owned subsidiary , Quick Chek Corporation ( " QuickChek " ) from January 29 , 2021 Total fuel contribution ( retail fuel margin plus product supply and wholesale ( " PS & W " ) results including RINs ) for Q1 2021 was 22.5 cpg , no change from the prior year period Total retail gallons decreased 4.2 % in Q1 2021 compared to Q1 2020 , while volumes on a same store sales ( " SSS " ) basis decreased 10.1 % Merchandise contribution dollars increased 38.1 % to $ 148.4 million compared to the prior - year quarter , on average unit margins of 17.8 % in the current quarter , driven in part by our acquisition of QuickChek During Q1 2021 , the QuickChek acquisition increased the store count by 156 and the Company opened 1 new Murphy Express store . There are 2 new Murphy Express sites , 12 raze - and - rebuild Murphy USA sites , and 4 QuickChek sites currently under construction Updated debt structure in conjunction with the QuickChek acquisition , including $ 500 million in new 3.75 % senior notes due 2031 , and a new Credit Agreement that replaced the prior ABL facility and term loan and consists of a $ 350 million cash flow revolving credit facility and a $ 400 million senior unsecured term loan Common shares repurchased during the first quarter of 2021 were approximately 0.4 million for $ 50.0 million at an average price of $ 125.67 per share " The new year started off with tremendous momentum as first quarter results underscore the strength of our core business alongside the realities of our industry post - COVID 19 , " said President and CEO Andrew Clyde . " Fuel margins showed remarkable resilience as product prices rose approximately 55 cents during the quarter and continued to demonstrate the higher breakeven economics of independent retailers . As we lap the initial impact of COVID - 19 , we are maintaining market share in critical categories like fuel and tobacco while generating higher growth from the core non - tobacco business . During the quarter we also kicked off our 100 - day integration plan with QuickChek and continue to be impressed by both the operational expertise of the QuickChek team and the full opportunity set for synergy capture . We remain fully confident in our ability to achieve previously stated goals and deliver future earnings growth in line with our long - term value creation potential . "