Total retail gallons increased 7.8% to 1.2 billion gallons versus 1.1 billion gallons last year. Volumes on a same-store sales basis increased 4.8%.
Merchandise contribution dollars rose 6.6% to $196.7 million.
The operating expenses for the quarter climbed 52.5% to $6.5 billion.
The operating margin was 3.9%, and operating income for the quarter rose 37.9% to $262.3 million.
The company held $240.4 million in cash and equivalents as of June 30, 2022.
Adjusted EBITDA increased 29.5% to $316.6 million.
EPS of $7.53 beat the analyst consensus of $4.41.
Murphy launched nine new retail locations in Q2, bringing the network total to 1,695.
“With inflation above its 40 year high, consumers need affordable every-day-low-prices on goods and services now more than ever,” said CEO Andrew Clyde.
Price Action: MUSA shares closed higher by 0.81% at $266.95 on Wednesday.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok
