Murphy USA股票表现 - Murphy USA (MUSA)股票在过去一年表现不佳 市值下跌15% [1] - 股价下跌主要由于市场对其便利店(C-stores)消费者支出的担忧 [1] 分析师背景 - 分析师拥有15年以上逆向投资经验 基于宏观视角和个股反转策略获取超额收益 [1] - 投资风格注重风险收益比的优化 [1] 注：文档2内容均为免责声明和披露条款 与公司及行业分析无关 已按要求跳过

Motor fuel retailer Murphy USA Inc. (MUSA) announced first-quarter 2025 earnings per share of $2.63, which missed the Zacks Consensus Estimate of $3.87 and compared unfavorably with the year-ago profit of $3.12. The underperformance was primarily due to lower-than-expected petroleum product sales.Murphy USA’s operating revenues of $4.5 billion fell 6.6% year over year and missed the consensus mark by $241 million.Revenues from petroleum product sales came in at $3.5 billion, well below our estimate of $3.7 ...

FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-35914 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 46-2279221 (State or other jurisdiction of incorporation or organization) (I.R.S. ...

Murphy USA (MUSA) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Company Participants Christian Pikul - Vice President of Investor Relations & FP&AAndrew Clyde - President, CEO & DirectorGalagher Jeff - Executive VP & CFOCorey Tarlowe - SVP - Equity ResearchBonnie Herzog - Managing Director Pooran Sharma - Managing DirectorMindy West - Executive VP & COOJacob Aiken-Phillips - Vice PresidentBobby Griffin - Managing Director Conference Call Participants Anthony Bonadio - AnalystBradley Thomas - Managing Direc ...

Murphy USA (MUSA) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good morning, and welcome to the Murphy USA First Quarter twenty twenty five Earnings Conference Call. All participants are in a listen only mode. After the speakers' remarks, we will conduct a question and answer session. As a reminder, this conference call is being recorded. I would now like to turn the call over to Christian Pikel, Vice President of Investor Relations. Thank you. Please go ahead. Speaker1 Yes. Great. Thank you, Jul ...

For the quarter ended March 2025, Murphy USA (MUSA) reported revenue of $4.53 billion, down 6.6% over the same period last year. EPS came in at $2.63, compared to $3.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.77 billion, representing a surprise of -5.05%. The company delivered an EPS surprise of -32.04%, with the consensus EPS estimate being $3.87.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Murphy USA (MUSA) came out with quarterly earnings of $2.63 per share, missing the Zacks Consensus Estimate of $3.87 per share. This compares to earnings of $3.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -32.04%. A quarter ago, it was expected that this gasoline station operator would post earnings of $6.43 per share when it actually produced earnings of $6.96, delivering a surprise of 8.24%. Over the last four quarter ...

Exhibit 99.1 Murphy USA Inc. Reports First Quarter 2025 Results El Dorado, Arkansas, May 7, 2025 (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 months ended March 31, 2025. Key Highlights: "Murphy USA's Q1 results fell slightly short of internal expectations, but all in all, the business performed admirably despite a 2% comparison headwind from temporal factors including the timing ...

文章核心观点 - 墨菲美国公司运营效率高、与沃尔玛合作紧密且便利店业务不断拓展，但也面临债务、成本上升和商品销售增长缓慢等问题，与竞争对手相比近期表现较弱，股价已反映部分增长预期，上行空间有限，目前给予持有评级 [10] 公司优势 - 采用高销量、低成本运营模式，在零售行业竞争中脱颖而出，即使利润率较低也能保持盈利 [1] - 拥有超90%的加油站，有助于降低运营成本，在低利润业务中具有关键优势 [1] - 靠近沃尔玛超市，高流量位置吸引顾客，还可通过沃尔玛项目提供燃油折扣，深化合作关系 [2] - 2016年沃尔玛自建加油站后，公司迅速调整，自主收购附近土地，增强选址控制权并聚焦高绩效站点 [2] - 燃油采购系统使其能提供有竞争力的价格，吸引注重性价比的消费者 [3] - 收购QuickChek扩大便利店业务，丰富产品种类，增加非燃油收入 [3] - QuickChek在城市地区有强大影响力，其更新的奖励应用程序促进了客户参与和交易 [3] - 自2014年起通过股票回购大幅减少流通股数量，推动每股收益增长，支撑股价并吸引追求资本增值的投资者 [4] 公司挑战 - 背负大量债务，大宗商品价格波动时存在风险 [5] - 劳动力和维护等成本上升，压缩利润率，通胀环境下控制成本对保护利润至关重要 [5] 估值与市场地位 - 股票远期市盈率高于五年历史平均水平，虽比竞争对手Casey's General Stores更具性价比，但溢价表明预期增长已部分反映在股价中，可能受负面消息或盈利不及预期影响 [6] - 股息收益率低于1%，可能无法满足寻求收益的投资者 [8] - 今年股价表现落后，下跌7.3%，而Casey's General Stores上涨超5% [12] - 部分地区商品销售低于预期，引发对未来收入增长的担忧 [12]

文章核心观点 市场抛售虽令人不悦，但会使优质股票打折，墨菲美国公司（Murphy USA）在当前市场抛售中股价下跌22%，是值得买入的股息增长型股票 [1][2][3] 分组1：公司运营优势 - 公司运营稳健，虽2024年末因2月财报不佳和市场波动股价下跌22%，但实际运营比以往更强劲，在27个州拥有超1760家便利店，日服务约200万客户 [4] - 公司多数门店毗邻沃尔玛，以低价为重点，规模大且地理位置独特，有多年跑赢市场的潜力 [5] - 2023年美国约60%便利店为单店经营，无法与公司的燃料成本相匹配，成本领先使其在注重价格的消费者中具有竞争优势 [6] - 2013年以来美国燃料销量年增长4%，公司运营所在州增长7%，而公司年增长14%，显示其受消费者认可并稳步扩大市场份额 [7] - 公司虽无计划拓展到27个州以外，但计划每年开设50家新店并改造30家小店，4%的门店数量年化增长、不断上升的毛利率和大规模股票回购计划为股东创造巨大潜力 [8] 分组2：股票回购优势 - 过去十年公司成功的重要因素是管理层大量回购股票，自2013年以来已将流通股减少57%，提升了每股指标 [9] - 公司利用充足的自由现金流回购股票，尤其在股价回调时利用低于市场的估值 [10] 分组3：估值优势 - 公司历史表现跑赢标普500指数，但目前交易价格相对于标普500平均估值有较大折扣，当前市销率为23倍，而标普500平均市销率约为32倍 [11] - 若公司不大量投入资本支出建设新店，仅维持性支出，市销率将低至12倍，凸显其估值便宜 [12][13] 分组4：股息优势 - 尽管公司大量回购股票和投入门店扩张，但股息连续12个季度增长，自2021年以来近乎翻倍 [14] - 当前股息收益率0.4%，仅占自由现金流的9%，未来有望持续以高于平均水平的速度增长，为股东提供回报 [15] 分组5：综合评价 - 公司作为必需品供应商，每年产生稳定现金流，约一半用于新店扩张，另一半通过低于市场估值的股票回购和增长的股息回馈股东，将持续为股东创造价值 [16]