Page 1

MURPHY USA 200 PEACH STREET EL DORADO , AR 71730 Murphy USA Inc. Reports Second Quarter 2021 Results El Dorado , Arkansas , July 28 , 2021 ( BUSINESS WIRE ) - Murphy USA Inc. ( NYSE : MUSA ) , a leading marketer of retail motor fuel products and convenience merchandise , today announced financial results for the three and six months ended June 30 , 2021 . Key Highlights : • Net income was $ 128.8 million , or $ 4.79 per diluted share , in Q2 2021 compared to net income of $ 168.9 million , or $ 5.73 per diluted share , in Q2 2020 • Total fuel contribution ( retail fuel margin plus product supply and wholesale ( " PS & W " ) results including RINs ) for Q2 2021 was 28.2 cpg , compared to 38.3 cpg in Q2 2020 Total retail gallons increased 32.6 % in Q2 2021 compared to Q2 2020 , while volumes on a same store sales ( " SSS " ) basis increased 22.4 % Merchandise contribution dollars increased 55.8 % to $ 184.5 million compared to the prior - year quarter , on average unit margins of 19.2 % in the current quarter , enhanced by the QuickChek acquisition Food and beverage contribution margin increased significantly to 15.2 % of total merchandise contribution dollars compared to 0.8 % in the prior year period due to the inclusion of QuickChek in the current period During Q2 2021 , the Company opened 3 new Murphy Express stores and closed 1 QuickChek store . There are 9 new Murphy Express sites , 6 new QuickChek sites , and 14 raze - and - rebuild Murphy USA sites currently under construction Common shares repurchased during Q2 2021 were approximately 1.1 million for $ 148.3 million at an average price of $ 136.58 per share " We delivered strong second quarter results , despite an operating environment that was the most challenging in our company's history , " said President and CEO Andrew Clyde . “ Supply chain issues , labor shortages , and Colonial pipeline interruptions were just a few of the challenges around which our teams were forced to navigate and overcome . Nevertheless , results were resilient despite these challenges and underpinned by strong fundamentals , including a recovery in attached merchandise categories as customer transactions and fuel volumes trended higher in June , coupled with robust all - in fuel margins despite another quarter of rising product prices . Second quarter results were also noteworthy against the strength of the prior year comparison , and highlight the advantage of our low - cost , high volume business model , which differentiates our performance potential and better positions Murphy USA to compete and win in a challenging environment . "