Murphy Oil (MUR) Tops Q1 EPS by 11c

Murphy Oil (NYSE: MUR) reported Q1 EPS of ($0.06), $0.11 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $379.99 million versus the consensus estimate of $490.48 million.

“Murphy is off to a great start for the year, completing strategic financial transactions that delevered our balance sheet and extended our maturity profile. I am especially proud of our operational accomplishments across all of our assets, with a significant beat on oil production despite the severe winter storm in February. We remain in full execution mode on all of our Gulf of Mexico projects. Further, I am proud to see our exploration opportunities progress, with wells starting now in the Gulf of Mexico and later this year in Brazil,” said Roger W. Jenkins, President and Chief Executive Officer.

For earnings history and earnings-related data on Murphy Oil (MUR) click here.

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