Murphy Oil Q3 Earnings & Sales Beat Estimates, New Wells Boost Volumes

Murphy Oil Corporation MUR 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 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 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 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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This article originally published on Zacks Investment Research (zacks.com).

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