Fuel Margins Lifted a Convenience Retailer and a Payments Processor the Same Quarter
Murphy USA's net income jumped to $176 million and WEX's adjusted EPS rose 33.6%, both citing the same widening in fuel margins rather than higher fuel volume.
Murphy USA and WEX sit on opposite sides of the fuel business, retailer and payments processor, but both credited the same quarter's wider fuel margins for their earnings growth.
MARKET REPORTBULLISH