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Murphy Oil posted Q3 adjusted earnings of 41 cents per share, up 156.3% from estimates.
Q3 production hit 200,383 BOE/D, exceeding guidance on new well strength and no storm downtime.
The company returned $242.4M to shareholders and maintained 2025 capex guidance of $1.13-$1.28B.
Murphy Oil Corporation (MUR - Free Report) delivered third-quarter 2025 adjusted net earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 16 cents by 156.3%. However, the bottom line decreased 60.9% from the year-ago quarter’s 74 cents.
GAAP loss was 2 cents per share in contrast to earnings of 93 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to discontinued operations and other items affecting comparability between periods.
Revenues of Murphy Oil
Murphy Oil’s revenues were $732.9 million, which beat the Zacks Consensus Estimate of $665 million by 10.3%. However, revenues were down 3.3% year over year.
Murphy Oil Corporation Price, Consensus and EPS Surprise
Murphy Oil produced 200,383 barrels of oil equivalent per day (BOE/D) in third-quarter 2025 (excluding non-controlling interest in GOM), exceeding the guided range of 185,000-193,000 BOE/D, due to strong new well productivity and no storm downtime in the Gulf of America.
Total costs and expenses were $727.2 million, up 25.5% from $579.3 million in the year-ago quarter.
Interest expenses in the third quarter were $24.7 million compared with $21.3 million in the year-ago quarter.
21 new wells came online during the third quarter, which boosted production volumes.
Through the first nine months of 2025, Murphy Oil has returned $242.4 million to its shareholders, which includes $102.6 million of share repurchases and $139.8 million in dividends.
Financial Condition of Murphy Oil
The company had cash and cash equivalents of $425.9 million as of Sept. 30, 2025, compared with $423.6 million as of Dec. 31, 2024. It had $1.6 billion of liquidity as of Sept. 30, 2025.
Long-term debt totaled $1.425 billion as of Sept. 30, 2025, compared with $1.27 billion as of Dec. 31, 2024.
Net cash provided by continuing operational activities in the first nine months of 2025 was $0.99 billion compared with $1.29 billion in the year-ago period.
MUR’s 2025 Guidance
MUR expects its fourth-quarter 2025 production, excluding NCI, in the range of 176,000-182,500 BOE/D. The company expects its exploration expenses to be $80 million in fourth-quarter 2025.
Murphy Oil reiterated its 2025 capital expenditures in the band of $1.13-$1.28 billion.
MUR expects its 2025 production to be in the range of 174,500-182,500 BOE/D.
Devon Energy Corp. (DVN - Free Report) reported third-quarter 2025 earnings per share (EPS) of $1.04, beating the Zacks Consensus Estimate of 93 cents by 11.8%.
DVN’s long-term (three-to-five years) earnings growth rate is currently pinned at 3.28%. The Zacks Consensus Estimate for 2025 EPS is pegged at $3.93, indicating a year-over-year decline of 18.46%.
TotalEnergies SE (TTE - Free Report) reported third-quarter 2025 operating earnings of $1.77 (€1.50) per share, which missed the Zacks Consensus Estimate of $1.81 by 2.2%.
TTE’s long-term (three-to-five years) earnings growth rate is currently pinned at 5.89%. The Zacks Consensus Estimate for 2025 EPS is pegged at $7.06, indicating a year-over-year decline of 9.14%.
Chevron Corporation (CVX - Free Report) reported adjusted third-quarter earnings per share of $1.85, beating the Zacks Consensus Estimate of $1.66.
CVX’s long-term earnings growth rate is currently pinned at 4.91%. The Zacks Consensus Estimate for 2025 EPS is pegged at $7.29, indicating a year-over-year decline of 27.46%.
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Murphy Oil Q3 Earnings & Sales Beat Estimates, New Wells Boost Volumes
Key Takeaways
Murphy Oil Corporation (MUR - Free Report) delivered third-quarter 2025 adjusted net earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 16 cents by 156.3%. However, the bottom line decreased 60.9% from the year-ago quarter’s 74 cents.
GAAP loss was 2 cents per share in contrast to earnings of 93 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to discontinued operations and other items affecting comparability between periods.
Revenues of Murphy Oil
Murphy Oil’s revenues were $732.9 million, which beat the Zacks Consensus Estimate of $665 million by 10.3%. However, revenues were down 3.3% year over year.
Murphy Oil Corporation Price, Consensus and EPS Surprise
Murphy Oil Corporation price-consensus-eps-surprise-chart | Murphy Oil Corporation Quote
Murphy Oil’s Operational Highlights
Murphy Oil produced 200,383 barrels of oil equivalent per day (BOE/D) in third-quarter 2025 (excluding non-controlling interest in GOM), exceeding the guided range of 185,000-193,000 BOE/D, due to strong new well productivity and no storm downtime in the Gulf of America.
Total costs and expenses were $727.2 million, up 25.5% from $579.3 million in the year-ago quarter.
Interest expenses in the third quarter were $24.7 million compared with $21.3 million in the year-ago quarter.
21 new wells came online during the third quarter, which boosted production volumes.
Through the first nine months of 2025, Murphy Oil has returned $242.4 million to its shareholders, which includes $102.6 million of share repurchases and $139.8 million in dividends.
Financial Condition of Murphy Oil
The company had cash and cash equivalents of $425.9 million as of Sept. 30, 2025, compared with $423.6 million as of Dec. 31, 2024. It had $1.6 billion of liquidity as of Sept. 30, 2025.
Long-term debt totaled $1.425 billion as of Sept. 30, 2025, compared with $1.27 billion as of Dec. 31, 2024.
Net cash provided by continuing operational activities in the first nine months of 2025 was $0.99 billion compared with $1.29 billion in the year-ago period.
MUR’s 2025 Guidance
MUR expects its fourth-quarter 2025 production, excluding NCI, in the range of 176,000-182,500 BOE/D. The company expects its exploration expenses to be $80 million in fourth-quarter 2025.
Murphy Oil reiterated its 2025 capital expenditures in the band of $1.13-$1.28 billion.
MUR expects its 2025 production to be in the range of 174,500-182,500 BOE/D.
Zacks Rank of Murphy Oil
Murphy Oil currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
Devon Energy Corp. (DVN - Free Report) reported third-quarter 2025 earnings per share (EPS) of $1.04, beating the Zacks Consensus Estimate of 93 cents by 11.8%.
DVN’s long-term (three-to-five years) earnings growth rate is currently pinned at 3.28%. The Zacks Consensus Estimate for 2025 EPS is pegged at $3.93, indicating a year-over-year decline of 18.46%.
TotalEnergies SE (TTE - Free Report) reported third-quarter 2025 operating earnings of $1.77 (€1.50) per share, which missed the Zacks Consensus Estimate of $1.81 by 2.2%.
TTE’s long-term (three-to-five years) earnings growth rate is currently pinned at 5.89%. The Zacks Consensus Estimate for 2025 EPS is pegged at $7.06, indicating a year-over-year decline of 9.14%.
Chevron Corporation (CVX - Free Report) reported adjusted third-quarter earnings per share of $1.85, beating the Zacks Consensus Estimate of $1.66.
CVX’s long-term earnings growth rate is currently pinned at 4.91%. The Zacks Consensus Estimate for 2025 EPS is pegged at $7.29, indicating a year-over-year decline of 27.46%.