Earnings release
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MURPHY USA 200 PEACH STREET EL DORADO , AR 71730 Murphy USA Inc. Reports Third Quarter 2021 Results El Dorado , Arkansas , October 27 , 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 nine months ended September 30 , 2021 . Key Highlights : • • • • Net income was $ 104.0 million , or $ 3.98 per diluted share , in Q3 2021 compared to net income of $ 66.9 million , or $ 2.27 per diluted share , in Q3 2020 Total fuel contribution ( retail fuel margin plus product supply and wholesale ( " PS & W " ) results including RINs ) for Q3 2021 was 26.6 cpg , compared to 22.3 cpg in Q3 2020 Total retail gallons increased 11.4 % in Q3 2021 compared to Q3 2020 , while volumes on a same store sales ( " SSS " ) basis increased 1.9 % Merchandise contribution dollars increased 58.6 % to $ 187.3 million compared to the prior - year quarter , on average unit margins of 19.6 % in the current quarter , primarily attributable to the QuickChek acquisition Food and beverage contribution margin increased significantly to 14.8 % of total merchandise contribution dollars in Q3 2021 compared to 0.9 % in the prior year period due to the inclusion of QuickChek in the current period During Q3 2021 , the Company opened 4 new Murphy Express stores and 3 QuickChek stores . There are 16 new Murphy Express sites , 3 new QuickChek sites , and 12 raze - and - rebuild Murphy USA sites currently under construction Common shares repurchased during Q3 2021 were approximately 0.2 million for $ 33.2 million at an average price of $ 153.95 per share The Company also announced a quarterly cash dividend of $ 0.29 per Common share , $ 1.16 on an annualized basis , payable on December 1 , 2021 based on a record date of November 8 , 2021 " Despite continued supply chain constraints and operational hurdles , Murphy USA's exceptional third - quarter performance demonstrates our ability to compete and win in a challenging environment , " said President and CEO Andrew Clyde . " We grew both fuel volumes and margins versus the prior year , expanded same - store merchandise contribution , and introduced targeted investments in labor to support our employees and help maintain our high standards of customer service . Our outlook for the business remains robust and we expect to generate strong free cash which will enable continued organic growth and shareholder distributions , including share repurchase , and as announced this afternoon , an increase in our quarterly dividend to $ 0.29 per share from $ 0.25 per share . "