Murphy USA of El Dorado, the gasoline and convenience retailer with more than 1,650 outlets nationwide, announced strong second-quarter results after the close of the stock market Wednesday, including net income of $128.8 million and revenue of $4.45 billion.
That profit was down from the second quarter of 2020, but the $4.79 in earnings per diluted share beat analysts’ expectations. Diluted earnings in second quarter 2020 were $5.73.
The chain sold 32% more gasoline than it did in the same period last year, but President and CEO Andrew Clyde cited hurdles like supply chain difficulties, labor shortages and the hacking that shut down the Colonial pipeline “as just a few of the challenges around which our teams were forced to navigate and overcome.”
In a news release, Clyde called the company’s results “resilient” and a signal of the company’s strong fundamentals, including “robust all-in fuel margins despite another quarter of rising product prices.”
Same-store sales results were up 22.4% over last year’s, and the results for the first time captured the performance of more than 150 QuickChek stores in New Jersey and the New York City metropolitan area. The El Dorado company announced in December that it was buying QuickCheck for $645 million.
Wednesday’s closing stock price for the company’s shares was $147.93.
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