Murphy USA Still Makes Sense If We Factor Future Growth Plans Into The Mix

Summary

• Murphy USA has shown strong performance since my initial 'buy' rating in September 2022, outperforming the S&P 500 with a 69.4% gain.
• Despite recent revenue and profit declines, operational stability is evident with increased fuel sales volume and merchandise sales.
• Management projects significant profitability growth by 2028, with potential annualized upside of 13.9% to 15.1%, outpacing the S&P 500.
• Maintaining a 'buy' rating due to the company's fundamental strength and future growth prospects, despite potential short-term bumps.