Murphy Oil (MUR) Tops Q1 EPS by 8c

Murphy Oil (NYSE: MUR) reported Q1 EPS of $0.56, $0.08 better than the analyst estimate of $0.48. Revenue for the quarter came in at $672.73 million versus the consensus estimate of $676.24 million.

2025 CAPITAL EXPENDITURE AND PRODUCTION GUIDANCE

Murphy maintains its 2025 accrued CAPEX range of $1,135 million to $1,285 million, which includes net acquisition CAPEX of $104 million for the Pioneer FPSO and $1.4 million for non-operated working interests near the Zephyrus field in the Gulf of America. Full year 2025 production is expected to be in the range of 174.5 to 182.5 MBOEPD, consisting of 50 percent oil and 55 percent liquids volumes, respectively.

“The winter storm activity we experienced during the first quarter delayed first production at two key operated wells in the Gulf of America and impacted the schedule of our remaining workover plans. Due to these first quarter impacts, we anticipate full year production to be towards the lower end of our production guidance range,” said Hambly.

Production for second quarter 2025 is estimated to be in the range of 177 to 185 MBOEPD with 48 percent oil volumes. Both production and CAPEX guidance ranges exclude NCI.

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

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