Murphy USA Inc. (NYSE:MUSA) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET

Company Participants

Christian Pikul – Vice President-Investor Relations
Andrew Clyde – Chief Executive Officer
Galagher Jeff – Chief Financial Officer
Mindy West – Chief Operating Officer

Conference Call Participants

Anthony Bonadio – Wells Fargo
Bonnie Herzog – Goldman Sachs
Bobby Griffin - Raymond James

Operator

Thank you for standing by. I would like to welcome everyone to the Murphy USA Third Quarter 2024 Earnings Conference Call. All participants are in a listen-only mode. We also conduct question-and-answer session and instruction will be given later.

I would now like to turn the call over to Christian Pikul, Vice President of Investor Relations. Please go ahead.

Christian Pikul

Thank you, Dustin. Good morning, everybody, and thank you all for joining us today. With me are Andrew Clyde, Chief Executive Officer; Mindy West, Chief Operating Officer; Galagher Jeff, Chief Financial Officer; and Donnie Smith, Chief Accounting Officer.

After some opening comments from Andrew, Galagher will provide an overview of the financial results, and then we will open up the call to Q&A.

Please keep in mind that some of the comments made during this call, including the Q&A portion will be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. As such, no assurances can be given that these events will occur or that the projections will be attained. A variety of factors exist that may cause actual results to differ. For further discussion of risk factors, please see the latest Murphy USA Forms 10-K, 10-Q, 8-K and other recent SEC filings. Murphy USA takes no duty to publicly update or revise any forward-looking statements.

During today's call, we may also provide certain performance measures that do not conform to generally accepted accounting principles, or GAAP. We have provided schedules to reconcile those non-GAAP measures with the reported results on a GAAP basis as part of our earnings press release, which can be found on the Investors section of our website.

With that, I'll turn the call over to Andrew.

Andrew Clyde

Thank you, Christian, and good morning, everyone. Murphy USA continued to demonstrate the benefits of its advantaged business model as we delivered strong third quarter results from our core categories, once again benefiting from our distinctive everyday low-price positioning with the growing segment of value focused consumers.

In addition to our strong current period results, I'm very excited about the acceleration in organic growth as current construction projects underway put us in a great place for Q4 openings and sets the foundation for more new stores and earnings growth in 2025 and beyond. Our efforts to front load our real estate pipeline have paid off as we've seen more stores exit the permitting process than expected.