EL DORADO, Ark.–(BUSINESS WIRE)–Murphy USA Inc. (NYSE: MUSA), a leading marketer of retail motor fuel products and convenience merchandise, today announced financial results for the three and twelve months ended December 31, 2021.
Key Highlights:
- Net income was $108.8 million, or $4.23 per diluted share, in Q4 2021 compared to net income of $61.0 million, or $2.16 per diluted share, in Q4 2020. For the year 2021, net income was $396.9 million, or $14.92 per diluted share, compared to 2020 net income of $386.1 million, or $13.08 per diluted share.
- Total fuel contribution (retail fuel margin plus product supply and wholesale (“PS&W”) results including RINs) for Q4 2021 was 27.5 cpg, compared to 19.8 cpg in Q4 2020. For the year, total fuel contribution was 26.3 cpg, compared to 25.2 in 2020.
- Total retail gallons increased 10.5% to 1.1 billion gallons in Q4 2021 compared to Q4 2020, while volumes on a same store sales (“SSS”) basis increased 1.4%. For the year, total retail gallons increased 11.6% to 4.4 billion gallons and increased 3.0% on an SSS basis.
- Merchandise contribution dollars increased 57.2% to $181.4 million compared to the prior-year quarter. Average unit margins were 19.6% in the current quarter compared to 15.5% in the prior-year quarter. For the full year, merchandise contribution dollars increased 52.7% to $701.6 million on average unit margins of 19.1% in 2021. Increases in both contribution dollars and unit margins were primarily…
