Murphy USA expects all-in fuel margins of approximately $0.35 per gallon during the second half of the year, supported by tighter supply conditions and its fuel-sourcing capabilities. President and CEO Mindy West said the company's 'controllables' fuel-supply contribution exceeded $0.07 per gallon in the second quarter, up from about $0.025 a year earlier, and that the current geopolitical supply shock is not expected to unwind until well into next year. Same-store fuel volume rose 0.5% in the second quarter, but management is maintaining a conservative outlook and forecasts a 1% to 3% decline for the full year. The company expects about 45 new stores this year, capital spending near the high end of its range, and continued share repurchases. QuickChek's food-and-beverage sales and margins have turned positive as management works to improve promotions, labor efficiency and store execution.
Murphy USA IncExpects $0.35/gallon all-in fuel margins in H2, supported by tighter supply and geopolitical shock not unwinding until next year.
