Murphy Oil (MUR) Misses Q3 EPS by 1c, Revenues Beat

Murphy Oil (NYSE: MUR) reported Q3 EPS of $0.35, $0.01 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $674.8 million versus the consensus estimate of $633.43 million.

“Now with three-quarters of the year behind us, we continue to successfully implement our 2018 plan with third quarter production exceeding the high end of our guidance range. We continue to benefit from a diverse, oil-weighted portfolio that generates high cash flow per barrel metrics, driving over a 20 percent return on cash flow to capital employed. Our high price realizations, competitive cash returns, long-standing dividend policy and successful exploration program along with our recently announced accretive Gulf of Mexico joint venture will continue to reward our shareholders over the long-term,” stated 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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