For the quarter ended June 2023, Murphy Oil (MUR - Free Report) reported revenue of $814.59 million, down 26% over the same period last year. EPS came in at $0.79, compared to $1.93 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $779.43 million, representing a surprise of +4.51%. The company delivered an EPS surprise of +6.76%, with the consensus EPS estimate being $0.74.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Murphy Oil performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Crude Oil and condensate Produced - barrels per day: 105.12 KBBL/D versus 97.84 KBBL/D estimated by six analysts on average.
- Net NGLs Produced - barrels per day: 11.18 KBBL/D compared to the 11.14 KBBL/D average estimate based on six analysts.
- Total Natural Gas Sold - barrels per day: 446.36 MMcf/D compared to the 425.63 MMcf/D average estimate based on six analysts.
- Oil equivalent production per day: 184.25 KBOE/D compared to the 179.41 KBOE/D average estimate based on six analysts.
- Total Natural Gas Sold - barrels per day - Onshore - US: 24.2 MMcf/D compared to the 26.85 MMcf/D average estimate based on four analysts.
- Total Natural Gas Sold - barrels per day - Gulf of Mexico - US: 69.9 MMcf/D versus the four-analyst average estimate of 70.88 MMcf/D.
- Net NGLs Produced - barrels per day - Gulf of Mexico - US: 6.29 KBBL/D compared to the 5.91 KBBL/D average estimate based on four analysts.
- Geographic Revenues from External Customers- Canada: $118.30 million compared to the $101.96 million average estimate based on three analysts. The reported number represents a change of -42.7% year over year.
- Geographic Revenues from External Customers- United States: $696.20 million versus the three-analyst average estimate of $620.41 million. The reported number represents a year-over-year change of -28.8%.
- Net Natural Gas Revenue- Onshore- Canada: $59.20 million compared to the $53.48 million average estimate based on two analysts.
- Net Crude Oil and Condensate Revenue- Offshore- Canada: $24.87 million compared to the $19.73 million average estimate based on two analysts.
- Revenue from sales to customers- Revenue from production: $799.84 million versus the three-analyst average estimate of $711.26 million.
View all Key Company Metrics for Murphy Oil here>>>Shares of Murphy Oil have returned +10.3% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended June 2023, Murphy Oil (MUR - Free Report) reported revenue of $814.59 million, down 26% over the same period last year. EPS came in at $0.79, compared to $1.93 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $779.43 million, representing a surprise of +4.51%. The company delivered an EPS surprise of +6.76%, with the consensus EPS estimate being $0.74.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Murphy Oil performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Crude Oil and condensate Produced - barrels per day: 105.12 KBBL/D versus 97.84 KBBL/D estimated by six analysts on average.
- Net NGLs Produced - barrels per day: 11.18 KBBL/D compared to the 11.14 KBBL/D average estimate based on six analysts.
- Total Natural Gas Sold - barrels per day: 446.36 MMcf/D compared to the 425.63 MMcf/D average estimate based on six analysts.
- Oil equivalent production per day: 184.25 KBOE/D compared to the 179.41 KBOE/D average estimate based on six analysts.
- Total Natural Gas Sold - barrels per day - Onshore - US: 24.2 MMcf/D compared to the 26.85 MMcf/D average estimate based on four analysts.
- Total Natural Gas Sold - barrels per day - Gulf of Mexico - US: 69.9 MMcf/D versus the four-analyst average estimate of 70.88 MMcf/D.
- Net NGLs Produced - barrels per day - Gulf of Mexico - US: 6.29 KBBL/D compared to the 5.91 KBBL/D average estimate based on four analysts.
- Geographic Revenues from External Customers- Canada: $118.30 million compared to the $101.96 million average estimate based on three analysts. The reported number represents a change of -42.7% year over year.
- Geographic Revenues from External Customers- United States: $696.20 million versus the three-analyst average estimate of $620.41 million. The reported number represents a year-over-year change of -28.8%.
- Net Natural Gas Revenue- Onshore- Canada: $59.20 million compared to the $53.48 million average estimate based on two analysts.
- Net Crude Oil and Condensate Revenue- Offshore- Canada: $24.87 million compared to the $19.73 million average estimate based on two analysts.
- Revenue from sales to customers- Revenue from production: $799.84 million versus the three-analyst average estimate of $711.26 million.
View all Key Company Metrics for Murphy Oil here>>>Shares of Murphy Oil have returned +10.3% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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