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Murphy USA lowers 2017 guidance for net income, EBITDA

Apr. 18, 2017 5:41 PM ETMurphy USA Inc. (MUSA) StockMUSABy: Carl Surran, SA News Editor
  • Murphy USA (NYSE:MUSA) says preliminary Q1 retail fuel volumes and margins were "soft" and will reduce the likelihood of achieving some full-year guidance metrics.
  • Adjusted for weaker than expected Q1 2017 results, MUSA lowers FY 2017 guidance for net income to $90M-$160M from its earlier outlook of $140M-$190M and for adjusted EBITDA to $340M-$410M from $400M-$450M.
  • MUSA also anticipates a Q1 net loss of $3M and adjusted EBITDA of $30.3M.

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