Murphy USA Q3 net income falls to $149.2 million; capex guidance raised
Murphy USA reported third-quarter 2024 net income of $149.2 million, or $7.20 per diluted share, down from $167.7 million, or $7.69, a year earlier, as lower total fuel contribution and higher store operating expenses outweighed higher retail fuel volumes and merchandise contribution. The company raised its full-year capital expenditure range and lowered its SG&A expense range, and it declared a higher quarterly dividend, which shareholders will receive on December 2, 2024.
Key points
- Q3 2024 net income was $149.2 million, or $7.20 per diluted share, versus $167.7 million, or $7.69, in Q3 2023.
- Adjusted EBITDA was $285.6 million, down from $306.0 million; total fuel contribution fell to 32.6 cpg from 34.5 cpg.
- Full-year capital expenditure guidance was raised to $500 million-$525 million from $400 million-$450 million; SG&A guidance was cut to $240 million-$250 million from $255 million-$265 million.
- Quarterly dividend increased to $0.48 per share from $0.45, payable December 2, 2024, to holders of record as of November 4, 2024.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
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