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Murphy USA Inc.
4/29/2021
Good day. Thank you for standing by. Welcome to the Murphy USA first quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Christian Pikul, Vice President of Investor Relations. Please go ahead.
Great. Thank you, Megan, and good morning, everyone. Joining me on the call today are Andrew Clyde, President and Chief Executive Officer, Mindy West, Executive Vice President and Chief Financial Officer, and Donnie Smith, Vice President and Controller. After some opening comments from Andrew, Mindy will provide an overview of the financial results in recent financing activity, and then we'll 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. Thank you very much. We have provided schedules to reconcile these non-GAAP measures with the reported results on a GAAP basis as part of our earnings press release, which can be found on the investor section of our website. With that, I will turn the call over to Andrew.
Thank you, Christian. Good morning and welcome to everyone joining us today. We are very pleased, but not especially surprised, the company delivered such strong first quarter performance during a period where our reported results may not have been fully anticipated by investors. The business was able to overcome a number of otherwise detrimental factors, including rising fuel prices, which typically compressed retail margins, a severe winter storm that came through the heart of our geographic footprint in February, impacting over a third of our network, and last but not least, comping the extra leap year day in 2020. Additionally, as this is the first quarter of performance that reflect the impact of the QuickCheck acquisition, We appreciate there is a bit of noise and the results would reflect only two months of the quick check impact. But through that noise, more than ever, the resilience of our business and unique benefits of our advantage model continue to deliver strong operating and financial performance.
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