Murphy USA: 2Q Earnings Snapshot
EL DORADO, Ark. (AP) _ Murphy USA Inc. (MUSA) on Wednesday reported second-quarter net income of $51.8 million.
The El Dorado, Arkansas-based company said it had profit of $1.58 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The gasoline station operator posted revenue of $3.83 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $3.55 billion.
Murphy USA shares have dropped 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $79.43, a rise of slightly more than 3 percent in the last 12 months.