Short answer
Murphy USA Inc (MUSA) filed its Q1 2019 10-Q quarterly report on May 1, 2019 for the quarter ended Mar 31, 2019.
Murphy USA Inc Q1 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3.1B, down $127.8M or 3.9% YoY from $3.2B
- Net income $5.3M vs $39.3M, reflecting prior-year $35.3M Deepwater Horizon settlement proceeds
- Marketing income $16.2M vs $10.7M, with fuel contribution 12.3 cpg vs 11.4 cpg
- Merchandise sales $606.2M vs $567.7M, while RIN sales fell to $9.2M from $37.4M
- Operating cash flow $48.1M vs $107.4M, with $13.3M share repurchases and $30.7M capital spending; 2019 capex outlook $225M-$275M
Risk Factors
- No Risk Factors section or 10-K comparison provided in the filing text
- Debt maturity risk: $496.1 million senior notes due 2023 and $67 million term loan outstanding
- Liquidity risk: Cash $180.4 million versus total debt $859.3 million at March 31, 2019
- Commodity-price risk: Derivative activity immaterial, leaving petroleum margins exposed to market volatility
- Tax compliance risk: Federal examinations open from 2015 and state examinations from 2013-2017
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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