Murphy Oil Corporation (MUR) delivered first-quarter 2025 adjusted net earnings of 56 cents per share, which surpassed the Zacks Consensus Estimate of 48 cents by 16.7%. However, the bottom line decreased 34.1% from the year-ago quarter’s 85 cents. (See the Zacks Earnings Calendar to stay ahead of market-making news.)GAAP earnings were 50 cents per share compared with 59 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to discontinued operations and other items affec ...

Murphy Oil (MUR) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 This call is being recorded on Thursday, 05/08/2025. I would now like to turn the conference over to Kelly Whitley, Vice President, Investor Relations and Communications. Please go ahead. Speaker1 Thank you, operator, and good morning, everyone, and thank you for joining us on our first quarter earnings call today. With me are Eric Hambly, President and Chief Executive Officer Tom Morales, Executive Vice President and Chief Financial O ...

2025 FIRST QUARTER EARNINGS CONFERENCE CALL AND WEBCAST MAY 8, 2025 ERIC M. HAMBLY PRESIDENT AND CHIEF EXECUTIVE OFFICER 1 www.murphyoilcorp.com NYSE: MUR Cautionary Statement Cautionary Note to US Investors – The United States Securities and Exchange Commission (SEC) requires oil and natural gas companies, in their filings with the SEC, to disclose proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing econ ...

Murphy Oil (MUR) reported $665.71 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 16.4%. EPS of $0.56 for the same period compares to $0.85 a year ago.The reported revenue represents a surprise of -0.31% over the Zacks Consensus Estimate of $667.76 million. With the consensus EPS estimate being $0.48, the EPS surprise was +16.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Murphy Oil (MUR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this oil and gas producer would post earnings of $0.56 per share when it actually produced earnings of $0.35, delivering a surprise of -37.50%.Over the last four quarters, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8590 MURPHY OIL CORPORATION (Exact name of registrant as specified in its charter) Delaware 71-0361522 (I.R.S. Employer Identifica ...

EXHIBIT 99.1 MURPHY OIL CORPORATION ANNOUNCES FIRST QUARTER RESULTS, REAFFIRMS 2025 CAPITAL EXPENDITURE AND PRODUCTION GUIDANCE Drilled a Second Oil Discovery in Offshore Vietnam at the Lac Da Hong-1X (Pink Camel) Exploration Well, Repurchased $100 Million of Shares, Acquired Floating Production Storage and Offloading Vessel HOUSTON, Texas, May 7, 2025 – Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the first quarter ended March 31, 2025, including net income att ...

The market expects Murphy Oil (MUR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on M ...

Production and Reserves - In the U.S., the company produced 93,184 barrels of crude oil and NGLs per day, accounting for 89.5% of total worldwide liquids production[21] - Total average daily production in the Gulf of America was 67,591 BBL of liquids and 57 MMCF of natural gas in 2024[23] - The company's proved reserves for Gulf of America fields were 123.2 million BBL of liquids and 93.2 billion cubic feet of natural gas as of December 31, 2024[23] - In the Eagle Ford Shale, total production was 25,521 BBL of liquids per day and 24.9 MMCF of natural gas per day in 2024[24] - Total proved reserves for the U.S. Onshore business were 136.1 million BBL of liquids and 195.7 billion cubic feet of natural gas[24] - Total proved reserves as of December 31, 2024, were 729.0 million barrels of oil equivalent (MMBOE), with 292.8 MMBOE classified as proved undeveloped reserves[39] - Total proved undeveloped reserves associated with various development projects were approximately 292.8 MMBOE, representing 40% of total proved reserves[42] - The company holds a working interest of 8.051% in Block CA-1 in Brunei, with oil production of 219 BBL per day in 2024[30] - Murphy's proved reserves estimates are developed or reviewed by Qualified Reserves Estimators (QREs) with a minimum of five years of experience in petroleum engineering or geology[45] - In 2024, third-party audits covered 71.6% of total proved reserves, all within an established +/- 10.0% tolerance[47] - The company reported gross reserves of properties operated in the U.S. to the U.S. Department of Energy, derived from the same data used for estimated proved reserves[52] - As of December 31, 2024, Murphy held a total of 12,419 thousand gross acres, with 7,682 thousand net acres across various regions[55] - Murphy's total oil wells producing or capable of producing as of December 31, 2024, amounted to 1,371 gross wells, while natural gas wells totaled 399 gross wells[59] - The company drilled and completed 39.2 productive development wells in 2024, with 0.3 exploratory wells[59] Financials and Investments - The company spent approximately $670 million in 2024 to convert proved undeveloped reserves to proved developed reserves[41] - The company expects to spend approximately $650 million to $800 million per year over the next three years to develop current undeveloped proved reserves[41] - Long-term debt as of December 31, 2024, was $1,274.5 million, with fixed-rate notes having a weighted average coupon of 6.1%[330] - A 10% increase in benchmark prices of commodities would have increased net payable associated with derivative contracts by approximately $2.5 million[328] Environmental and Safety Compliance - The company has a target to reduce Scope 1 and 2 GHG emissions intensity by 15% to 20% by 2030 from 2019 levels, excluding discontinued operations in Malaysia[62] - Murphy is required to report GHG emissions from its U.S. operations in the Gulf of America and South Texas, as well as from its Canadian operations in British Columbia and Alberta[70] - The EPA published final rules on March 8, 2024, imposing stricter requirements for methane monitoring and emissions control at oil and natural gas facilities, impacting costs under the new methane waste emissions charge[71] - Murphy's operations are subject to various environmental regulations in Canada, similar to those in the U.S., addressing pollution, air quality, and emissions[74] - The company has implemented a Health, Safety, Environment (HSE) Management System to ensure incident-free operations and protect its workforce[75] - Murphy's commitment to safety includes compliance with the U.S. Occupational Safety and Health Act (OSHA) and similar regulations in Canada[76] - The company published its sixth annual sustainability report in 2024, aligning with emerging best practice ESG reporting standards[78] Human Capital Management - As of December 31, 2024, Murphy had 750 employees, with 482 office-based and 268 field employees, focusing on human capital management strategies[79] - The voluntary employee turnover rate for 2024 was 7%, indicating the effectiveness of the company's human capital investment[88] Management and Oversight - The Reserves General Manager, with over 32 years of industry experience, oversees the Corporate Reserves group and reports to the Executive Vice President and CFO[46] - Murphy has established internal controls for reserves estimation to comply with SEC requirements, ensuring accuracy and security of reported reserves[51]

Group 1 - Murphy Oil (NYSE: MUR) reported a fiscal year that was not as strong as the previous one, indicating a decline in performance [2] - The company possesses game-changing prospects within its portfolio, suggesting potential for future growth despite recent performance [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2]