Murphy USA Inc.: Can Merchandising Contribution & Growth Catalyze Growth?

Murphy USA recently reported its fourth-quarter and full-year 2024 financial results, presenting a mixed performance and outlook. The company reported an EBITDA of just over $1 billion for 2024, indicating strong revenue capabilities despite several challenges throughout the year. The notable positives include growth in per-store merchandise sales and margin, along with robust retail fuel margins, which improved by 50 basis points to $0.281 per gallon. This improvement came despite a less favorable environment, characterized by stable supply demand dynamics and low fuel price volatility.