MUR

It has been about a month since the last earnings report for Murphy Oil (MUR). Shares have added about 4.4% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Murphy Oil due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Murphy Oil Corporation before we dive into how investors and analysts have reacted as of late. Murphy Q1 Earnings & Sales Beat Estimates on Improved Realized PricesMurphy Oil Corporation delivered first-quarter 2026 adjusted net earnings of 32 cents per share, outperforming the Zacks Consensus Estimate of 29 cents by 10.3%. However, the bottom line lagged the year-ago quarter’s earnings of 52 cents by 42.8%. GAAP earnings were 37 cents per share compared with 51 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to discontinued operations and other items affecting comparability between periods. Murphy Oil’s revenues were $733.5 million, which beat the Zacks Consensus Estimate of $689 million by 6.5%. Revenues were up 10.2% year over year. Murphy Oil produced 174,200 barrels of oil equivalent per day (BOE/D) in first-quarter 2026 (excluding non-controlling interest in GOM), exceeding the guided range of 164,000-172,000 BOE/D. The strong production volume was due to outperformance in the Eagle Ford Shale and strong uptime in the Gulf of America. Total costs and expenses were $595.3 million, up 14.1% from $521.8 million in the year-ago quarter. The increase was primarily due to higher exploration expenses.Interest expenses in the quarter were $28.98 million, up 23.2% compared with $23.52 million in the year-ago quarter.The company is exploring new opportunities in the Gulf of America, Morocco, Côte d’lvoire and Vietnam, which will further strengthen its production volume and operations.Murphy Oil increased its quarterly dividend rate by 8%, resulting in an annual dividend of $1.40 per share. The company distributed a total dividend worth $50 million in the first quarter. Murphy Oil also buys back shares and still has $550 million remaining under its share repurchase authorization. Murphy Oil enjoyed the benefits of improved Crude oil, condensate and natural gas prices both in domestic and interna...

Investors might want to bet on Murphy Oil (MUR), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this oil and gas producer, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Murphy Oil, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $1.03 per share, which is a change of +281.5% from the year-ago reported number. Over the last 30 days, the Zacks Consensus Estimate for Murphy Oil has increased 6.31% because two estimates have moved higher while two have gone lower. For the full year, the company is expected to earn $3.38 per share, representing a year-over-year change of +146.7%. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Murphy Oil. Over the past month, two estimates have moved higher compared to three negative revisions, helping the consensus estimate increase 29.56%. The promising estimate revisions have helped Murphy Oil earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. While strong estimate revisions for Murphy Oil have attracted decent investments...

Murphy Oil’s first quarter results came in above Wall Street’s revenue and non-GAAP profit expectations, yet the market responded negatively. Management attributed this performance to stronger-than-anticipated oil production, particularly from the Eagle Ford and Gulf of America assets. CEO Eric Hambly noted, “Our production outperformance was driven roughly evenly by our onshore and offshore operations,” with operational efficiency and high facility uptime playing key roles. Elevated exploration expenses and a decline in operating margin, however, weighed on overall profitability. Is now the time to buy MUR? Find out in our full research report (it’s free). Revenue: $733.6 million vs analyst estimates of $707.1 million (10.2% year-on-year growth, 3.7% beat) Adjusted EPS: $0.32 vs analyst estimates of $0.31 (3.3% beat) Adjusted EBITDA: $382.9 million vs analyst estimates of $430.7 million (52.2% margin, 11.1% miss) Operating Margin: 18.8%, down from 21.6% in the same quarter last year Oil production per day: up 8.8% year on year Market Capitalization: $5.55 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Arun Jayaram (JPMorgan) pressed for updates on the Bubale exploration well’s progress, asking about the slower drilling pace. CEO Eric Hambly explained the delay was due to harder rock in the Turonian section, adding, “We just don’t have a definitive result to talk about as we’re actively drilling.” Carlos Escalante (Wolfe Research) questioned Murphy’s reinvestment rate and capital allocation for 2027. Hambly outlined that major production additions from Chinook and Lac Da Vang are expected, but future spending will be balanced across exploration and core assets, with flexibility based on development outcomes. Chris Baker (Evercore ISI) inquired about Murphy’s entry strategy for Cameroon. Hambly described the region’s attractive geology and low-cost access, stating the company would pursue large resource targets with limited upfront spend while continuing to analyze seismic data. Greta Drefke (Goldman Sachs) asked about the impact of Gulf-specific crude pricing and the lag on realized prices. CFO Tom Mireles...

The market wasn't impressed with the soft earnings from Murphy Oil Corporation (NYSE:MUR) recently. We did some further digging and think they have a few more reasons to be concerned beyond the statutory profit. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. For anyone who wants to understand Murphy Oil's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from US$22m worth of unusual items. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. If Murphy Oil doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. We'd posit that Murphy Oil's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that Murphy Oil's true underlying earnings power is actually less than its statutory profit. Sadly, its EPS was down over the last twelve months. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So while earnings quality is important, it's equally important to consider the risks facing Murphy Oil at this point in time. For example, Murphy Oil has 3 warning signs (and 1 which is significant) we think you should know about. Today we've zoomed in on a single data point to better understand the nature of Murphy Oil's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternative...

Interested in Murphy Oil Corporation? Here are five stocks we like better. Murphy Oil beat production guidance in Q1 2026, with output above the high end of its range thanks to strong onshore Eagle Ford and offshore Gulf of Mexico performance. The company also generated $429 million of cash flow and $47 million of adjusted net income, aided by higher late-quarter oil prices. The company kept its 2026 capital budget at $1.2 billion to $1.3 billion, but management said spending could move higher if non-operated Eagle Ford opportunities or an appraisal well in Côte d'Ivoire materialize. Murphy expects meaningful future volume additions from Chinook #8 in the Gulf and the Lac Da Vang project in Vietnam. Exploration remains a major focus, with ongoing drilling in Côte d'Ivoire and appraisal work in Vietnam, while Murphy also builds out new international prospects in Cameroon and Morocco. Management reiterated that shareholder returns through dividends and buybacks remain part of the plan, though timing may be opportunistic based on commodity prices and valuation. Savvy Investors' Rate Cut Portfolio: Bonds, Small Caps, Energy Murphy Oil (NYSE:MUR) reported first-quarter 2026 results that management said reflected stronger-than-expected production, higher oil pricing late in the quarter and continued progress across its exploration and appraisal portfolio. President and CEO Eric Hambly said the company generated $429 million of cash flow and adjusted net income of $47 million during the quarter. The adjusted earnings figure included $67 million of exploration expense related to two unsuccessful wells in Côte d'Ivoire. Hambly said Murphy’s unhedged, oil-weighted portfolio allowed the company to benefit as prices rose during the quarter, though he cautioned that March pricing was not representative of the entire period. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum 3 Small-Cap Stocks in the Russell 2000 Set to Rally “Prices rose roughly 50% from January to March,” Hambly said. Murphy’s average realized oil price for the full quarter was $72 per barrel, while realized prices exceeded $90 per barrel in March, he said. Hambly said geopolitical developments, particularly in the Middle East, contributed to volatility in energy markets during the quarter. While Murphy has no direct exposure to the region, he said the broader market environment affected r...

Plains All American Pipeline, L.P. PAA reported first-quarter 2026 adjusted earnings of 39 cents per unit, which missed the Zacks Consensus Estimate of 41 cents by 4.88%. In the year-ago quarter, earnings were in line with the company’s reported figure. The company reported GAAP earnings of 14 cents per unit compared with 49 cents in the year-ago period. Net sales of $12.47 billion missed the Zacks Consensus Estimate of $12.54 billion by 0.54%. However, the top line increased 8.65% from the year-ago quarter’s figure of $11.5 billion. Plains All American Pipeline, L.P. price-consensus-eps-surprise-chart | Plains All American Pipeline, L.P. Quote Total costs and expenses were $12.1 billion, up 8.49% year over year. The increase was primarily due to a rise in purchases and related costs. Operating income in the first quarter of 2026 was $405 million, up 13.76% from $356 million in the year-ago quarter. Net interest expenses totaled $167 million, up 31.5% from the prior-year quarter’s level. The Crude Oil segment’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $582 million, up 4% from the year-ago quarter’s figure. This increase was primarily driven by synergies from the recently completed Cactus III pipeline acquisition and bolt-on acquisitions. Adjusted EBITDA for the NGL segment was $145 million, down 23% from the prior-year period’s figure. This decrease was due to lower weighted average frac spreads and NGL sales volumes in the first quarter of 2026. As of March 31, 2026, cash and cash equivalents were $171 million compared with $328 million as of Dec. 31, 2025. As of March 31, 2026, long-term debt was $10.96 billion compared with $10.7 billion as of Dec. 31, 2025. As of March 31, 2026, long-term debt-to-total book capitalization was 53% compared with 52% as of Dec. 31, 2025. PAA’s net cash provided by operating activities in the first three months of 2026 was $418.0 million compared with $639.0 million in the year-ago period. For 2026, Plains All American expects adjusted EBITDA to be $2.88 billion. Adjusted free cash flow is anticipated to be $1.85 billion (excluding changes in assets and liabilities). PAA remains focused on disciplined capital investments, expecting full-year 2026 growth capital and maintenance capital of $350 million and $185 million, respectively. The company currently carries a Zacks Rank #3 (Ho...

Image source: The Motley Fool. Thursday, May 7, 2026 at 9 a.m. ET Executive Vice President — Eric Hambly Chief Financial Officer — Thomas Mireles Senior Vice President, Operations — Chris Lorino Eric Hambly: Thank you, Atif, and thanks to everyone for joining us this morning. I hope you've had a chance to review our stockholder letter, which provides a detailed overview of our first quarter operational and financial performance. Before turning to results, I want to touch on the broader context. Ongoing geopolitical developments, particularly in the Middle East, contributed to elevated volatility across energy markets during the quarter. While Murphy does not have direct exposure to the region, these global dynamics influenced realized pricing and reinforce the importance of operating with discipline and a long-term mindset. On today's call, I will briefly discuss this market environment, review our first quarter performance and provide an update on our exploration and appraisal program. Against the backdrop of significant commodity price volatility, Murphy delivered a strong quarter. Our oil-weighted unhedged portfolio allowed us to fully capture prices as they moved materially higher. We generated cash flow of $429 million and adjusted net income of $47 million, including $67 million of exploration expense related to 2 unsuccessful wells in Cote d'Ivoire. Cash flow was supported by higher oil prices late in the quarter with realized prices exceeding $90 per barrel in March. It's worth noting that March prices were not representative of the full quarter as prices rose roughly 50% from January to March. Our average realized oil price for the full quarter was $72 per barrel. Given the ongoing commodity price uncertainty, we view flexibility as a competitive advantage and have chosen to remain unhedged at this time. This reflects the strength of our balance sheet and our ability to manage through cycles without relying on market timing or hedging for financial stability. On activity and capital, our approach continues to be driven by market fundamentals and our long-term strategy, not short-term price movements. Accordingly, we are maintaining our capital guidance range of $1.2 billion to $1.3 billion. Externally, as our non-operated partners evaluate how to respond to the current environment, we're seeing a range of approaches emerge. We're engaged with our pa...

Murphy Oil (MUR) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +9.10%. A quarter ago, it was expected that this oil and gas producer would post a loss of $0.08 per share when it actually produced earnings of $0.14, delivering a surprise of +275%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Murphy Oil, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $733.55 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.53%. This compares to year-ago revenues of $665.71 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Murphy Oil shares have added about 33.3% since the beginning of the year versus the S&P 500's gain of 6%. While Murphy Oil has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Murphy Oil was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today...

Murphy Oil (MUR) reported Q1 adjusted earnings late Wednesday of $0.32 per diluted share, down from

Murphy Oil Corporation MUR delivered first-quarter 2026 adjusted net earnings of 32 cents per share, outperforming the Zacks Consensus Estimate of 29 cents by 10.3%. However, the bottom line lagged the year-ago quarter’s earnings of 52 cents by 42.8%. GAAP earnings were 37 cents per share compared with 51 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to discontinued operations and other items affecting comparability between periods. Murphy Oil’s revenues were $733.5 million, which beat the Zacks Consensus Estimate of $689 million by 6.5%. Revenues were up 10.2% year over year. Murphy Oil Corporation price-consensus-eps-surprise-chart | Murphy Oil Corporation Quote Murphy Oil produced 174,200 barrels of oil equivalent per day (BOE/D) in first-quarter 2026 (excluding non-controlling interest in GOM), exceeding the guided range of 164,000-172,000 BOE/D. The strong production volume was due to outperformance in the Eagle Ford Shale and strong uptime in the Gulf of America. Total costs and expenses were $595.3 million, up 14.1% from $521.8 million in the year-ago quarter. The increase was primarily due to higher exploration expenses. Interest expenses in the quarter were $28.98 million, up 23.2% compared with $23.52 million in the year-ago quarter. The company is exploring new opportunities in the Gulf of America, Morocco, Côte d’lvoire and Vietnam, which will further strengthen its production volume and operations. Murphy Oil increased its quarterly dividend rate by 8%, resulting in an annual dividend of $1.40 per share. The company distributed a total dividend worth $50 million in the first quarter. Murphy Oil also buys back shares and still has $550 million remaining under its share repurchase authorization. Murphy Oil enjoyed the benefits of improved Crude oil, condensate and natural gas prices both in domestic and international operations. While the decline in natural gas liquids offset some of the gain. The U.S. Crude oil and condensate onshore improved 2.5% year over year to $73.44 per barrel, natural gas onshore improved 10.7% to $3.74 per thousand cubic feet, while natural gas liquids declined 24% to $17.60 per barrel. The company had cash and cash equivalents of $378.7 million as of March 31, 2026, compared with $377.2 million as of Dec. 31, 2025. It had $2.4 billion of liquidity as of March 31, 2026. Long-ter...

HOUSTON (AP) — HOUSTON (AP) — Murphy Oil Corp. (MUR) on Wednesday reported first-quarter earnings of $53 million. The Houston-based company said it had net income of 37 cents per share. Earnings, adjusted for non-recurring gains, came to 32 cents per share. The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. The oil and gas producer posted revenue of $733.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $688.6 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MUR at https://www.zacks.com/ap/MUR

HOUSTON, May 06, 2026--(BUSINESS WIRE)--This letter serves as a supplement to our earnings release for the first quarter of 2026. Please see the information regarding forward-looking statements and non-GAAP financial information1 included at the end of this letter. Unless otherwise noted, the financial and operating highlights and metrics discussed in this letter exclude noncontrolling interest (NCI)2. Murphy Oil Corporation Stockholders, The first quarter of 2026 unfolded against one of the most volatile macroeconomic backdrops the energy sector has experienced in years. During the quarter, global energy markets were shaped by heightened geopolitical risks which drove a sharp increase in oil prices. While these events highlighted the importance of secure and dependable supply, they also reinforced the cyclical nature of our industry and the importance of a resilient and flexible business model. During these uncertain times, our strategy is to stay anchored to what we control—disciplined capital allocation, safe and reliable operations, and our long‑cycle projects. In the first quarter, this focus translated into strong execution across our portfolio with meaningful progress at Lac Da Vang in Vietnam, advancement of the high-impact Chinook #8 well in the Gulf of America, and sustained outperformance from our US and Canada onshore programs. We also took steps to preserve our balance sheet strength, enhance liquidity, and improve our debt maturity profile. In the quarter, our unhedged position enabled the Company to fully capture the upside from higher oil prices. Given the potential for prices to move meaningfully in either direction, we elected not to implement any oil hedges during the quarter. Our strong financial standing allows us to sustain this approach while preserving the flexibility to adapt to market changes and maximize shareholder value. With respect to our capital expenditure (CAPEX) plan, we are avoiding incremental spending tied to short-term price moves and are keeping our 2026 CAPEX guidance unchanged. As we maintain capital discipline, we are preserving investment optionality and continue to assess three focus areas that will inform our future capital guidance: (1) the macro environment and the durability of commodity prices, (2) results from our exploration and appraisal program in Côte d’Ivoire and Vietnam, and (3) activity plans from our...