R. Andrew Clyde, President & CEO of Murphy USA, Inc., bought 5000 shares of Murphy USA (Stock Symbol: Enter MUSA) at $38.96 per share for a total amount of $194.8 thousand on February 24, 2014.
Murphy USA is based in El Dorado, Arkansas.
On 12/19/2013, Murphy USA announces the sale of its Hankinson ethanol plant.
On 02/19/2014, Murphy USA announced its latest quarterly and annual results. Net income of $93.6 million ($2.00 per diluted share) for Q4 2013 and $235.0 million ($5.02 per diluted share) for the year ended December 31, 2013. Completed sale of the Hankinson, North Dakota ethanol plant for $173.1 million that generated gain on sale of $52.5 million ($1.12 per diluted share) for the quarter and year and also had income from Hankinson operations of $11.7 million ($0.25 per diluted share) in the current quarter which are all presented in discontinued operations. Adjusted EBITDA from continuing operations for the full year 2013 of $340.1 million compared to $285.0 million in 2012. Growth in non-tobacco merchandise sales on an average per store month (APSM) basis of 7.3% for the current quarter and 6.3% YTD with gross margin from non-tobacco merchandise on an APSM basis increasing 10.2% for the current quarter and 3.6% YTD. Addition of 18 stores in the quarter and 39 stores in 2013 with an additional five sites opened since year end and 15 sites currently under construction. Ended the quarter with $294.7 million in cash and cash equivalents after paying down $80 million in long-term debt.
According to Capital IQ, Murphy USA has a market cap of $1.91 billion, an enterprise value of $2.16 billion, and trailing 12 month revenues of $18.08 billion.
Murphy USA Inc. operates a chain of retail stations in the United States. Its retail stations offer motor fuel products and convenience merchandise. The company also offers its products through wholesale customers and bulk product customers. As of March 31, 2013, it operated 1,172 retail stations, which included 1,016 retail stations under the Murphy USA brand and 156 retail stations under the Murphy Express brand in 23 states, primarily in the Southern and Midwestern United States. In addition, Murphy USA Inc. manufactures and sells ethanol to third parties. It owns and operates an ethanol production facility in Hereford, Texas. The company was incorporated in 2013 and is headquartered in El Dorado, Arkansas. Murphy USA Inc. is a subsidiary of Murphy Oil Corporation.
Mr. Clyde is 50 years old.
According to his biography, Mr. R. Andrew Clyde is President, Chief Executive Officer, Director of Murphy USA Inc. Mr. Clyde previously served Booz & Company (and prior to August 2008, Booz Allen Hamilton), in its global energy practice. He joined the firm in 1993 and was elected partner in 2000 holding leadership roles as North American Energy Practice Leader and Dallas office Managing Partner and serving on the firm’s board nominating committee. He worked with downstream petroleum and retail clients on engagements focused on corporate and business unit strategy, organization design and effectiveness and performance improvement. Mr. Clyde received a master’s degree in Management with Distinction from the Kellogg Graduate School of Management at Northwestern University. He received a BBA in Accounting and a minor in Geology from Southern Methodist University.
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