The Unlikely Star of Q2 Earnings: Murphy USA's Gas Pump Gold Rush Murphy USA's surprise second quarter earnings report has sent shockwaves through the investment community, but is this unglamorous business model a sustainable winner or just a lucky streak?
The company announced net income of $209. 1 million on August 5, up from $145. 6 million in the same quarter last year. Adjusted EBITDA climbed to $377. 3 million, driven by fuel margins that rose significantly.
Total fuel contribution reached 40. 6 cents per gallon in the quarter, an increase of 8. 6 cents from the previous year's 32. 0 cents. Retail fuel margin alone rose 20. 2% to 35. 1 cents per gallon.