Murphy USA Inc. (NYSE:MUSA) Q4 2022 Earnings Call Transcript

Operator: There are no further questions at this time. It’s now my pleasure to turn the call back over to Mr. Andrew Clyde.

Andrew Clyde: Great. Great call. Great questions. I feel like we spent a lot of time talking about kind of short-term, near-term margins and I think as we talk about the January environment and the acceleration we have seen across the business that it’s further reinforcement as to why we think about the long-term of this business. As Mindy highlighted wonderfully, one month doesn’t make a quarter, one month doesn’t make a year and kind of the comparison of January and May, I think, is a great example because of what follows that. I do think this longer term view of where the fuel breakeven requirement is going for the marginal player for the industry as a whole, for advantaged players like Murphy USA and other advantaged retailers is really the area that to be focused on.

And we feel really good about 2022 is a year and the outlook that we have, not just for 2023, but the investments that we are making on top of the last decade of investments gets us really excited about the next decade ahead. So, with that, we look forward to any follow-up calls from people and have a great rest of your day. Take care.

Operator: Ladies and gentlemen, thank you for participating. This concludes today’s conference call. You may now disconnect.