Murphy Oil Corp. (MUR) Misses Q2 EPS by 31c
Get Alerts MUR Hot Sheet
Revenue Growth %: -12.8%
Financial Fact:
Selling and general expenses: 55.52M
Today's EPS Names:
SHIM, KOD, HEWA, More
Join SI Premium – FREE
After the close, Murphy Oil Corp. (NYSE: MUR) reported Q2 EPS of $0.90, $0.31 worse than the analyst estimate of $1.21. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.42 billion.
Roger W. Jenkins, President and Chief Executive Officer, commented, "We continue to make progress on three fronts: profitable production and reserves growth, execution at EFS, and lowering operating expenses. Production growth in the second half of the year is supported by completing all of the Siakap North-Petai well work, full start up of the Dalmatian field, the addition of 97 new EFS wells through mid-year, completion of Syncrude unplanned maintenance, further progress in the start up efforts at the non-operated Kakap-Gumusut field, and the addition of 7 wells through the first half of this year in our Sarawak oil projects. We are pleased with all facets of EFS execution, especially supply cost reductions and well downspacing results. Once again we will more than replace our production in 2014 and our overall operating expenses continue to trend down this year even with the initial start up of several fields."
For earnings history and earnings-related data on Murphy Oil Corp. (MUR) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Can-Fite BioPharma (CANF) Reports FY23 Results, Issues Clinical Update
- Kodiak Sciences Inc. (KOD) Misses Q4 EPS by 36c
- urban-gro Inc. (UGRO) Misses Q4 EPS by 22c, offers outlook
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!