Murphy Oil (MUR) Tops Q1 EPS by 11c

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Go back to Murphy Oil (MUR) Tops Q1 EPS by 11c

Murphy Oil Corporation Announces First Quarter 2021 Results

May 6, 2021 6:00 AM EDT

Executes Successful Financial Transactions and Operations, Achieving First Step in Delevering

HOUSTON--(BUSINESS WIRE)-- Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the first quarter ended March 31, 2021, including a net loss attributable to Murphy of $287 million, or $1.87 net loss per diluted share. Excluding total after-tax charges of $297 million, comprised primarily of $128 million of non-cash asset impairments on the non-operated Terra Nova asset, $121 million unrealized non-cash mark-to-market losses on crude oil derivative contracts and $29 million cost of early redemption of debt, adjusted net income... More