Latest News by Industry
![Murphy USA Inc. [MUSA] reports annual net loss of $556.8 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FMUSA.png&w=1200&q=75)
Murphy USA Inc. [MUSA] has reported a net loss of $556.8 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $21.5 billion
Based in EL DORADO, Arkansas, Murphy USA Inc. operates in the RETAIL sector.
In the annual report for the year ended December 31, 2023, the consolidated income statement of a company reflects the following key financial figures:
Operating Revenues:
- Total operating revenues for the year amounted to $21.53 billion in 2023, showing a decrease from $23.45 billion in 2022 and an increase from $17.36 billion in 2021.
Operating Expenses:
- The total operating expenses for the year were $20.70 billion in 2023, down from $22.48 billion in 2022 and higher compared to $16.75 billion in 2021.
Income (Loss) from Operations:
- The income from operations for the year was $826.0 million in 2023, a decrease from $968.4 million in 2022 but an improvement from $604.0 million in 2021.
Net Income:
- The net income for the year was $556.8 million in 2023, lower than $672.9 million in 2022 but higher than $396.9 million in 2021.
Earnings Per Share:
- The basic earnings per common share were $25.91 in 2023, down from $28.63 in 2022 but up from $15.14 in 2021.
- The diluted earnings per common share were $25.49 in 2023, a decrease from $28.10 in 2022 but an improvement from $14.92 in 2021.
Weighted-average shares outstanding:
- The weighted-average shares outstanding for basic calculation were 21.49 million in 2023, lower than 23.51 million in 2022 and 26.21 million in 2021.
- The weighted-average shares outstanding for diluted calculation were 21.84 million in 2023, down from 23.95 million in 2022 and 26.60 million in 2021.
The financial information provided showcases the company's performance in the current year compared to the previous periods.
Also Read: