Murphy Oil Corp

Latest Results (21.11.2025):

Murphy Oil Corp — third quarter 2025 reported a small GAAP net loss but solid operational and cash‑generation results: GAAP net loss from continuing operations attributable to Murphy of $3.0 million (diluted loss per share $0.02) while adjusted net income was $58.1 million (adjusted diluted EPS $0.41). The company generated strong adjusted EBITDA of $390.6 million, adjusted EBITDAX of $423.1 million, net cash provided by continuing operations of $339.4 million and free cash flow of $218.8 million, while production rose sequentially to 200,383 BOEPD (94,067 BOPD). Accrued CAPEX for the quarter was $163.9 million and lease operating expense was $9.39/BOE.

Profitability (GAAP vs. Adjusted)

Murphy Oil Corp — Q3 2025 reported a GAAP net loss from continuing operations attributable to Murphy of $3.0 million (diluted loss per share $0.02). On a non‑GAAP basis the company reported adjusted net income of $58.1 million and adjusted net income per diluted share of $0.41.

Cash Flow and Liquidity

Murphy Oil Corp — Q3 2025 produced net cash from continuing operations of $339.4 million and free cash flow of $218.8 million for the quarter, supporting liquidity and capital allocation priorities.

Production Performance

Murphy Oil Corp — Q3 2025 delivered a sequential production increase to 200,383 BOEPD, including 94,067 BOPD. Production outperformed the high end of guidance driven by strong new‑well productivity and no storm downtime in the Gulf of America.

Non‑GAAP Operating Metrics

Murphy Oil Corp — Q3 2025 reported adjusted EBITDA of $390.6 million and adjusted EBITDAX of $423.1 million (both non‑GAAP measures used to assess operating performance).

Costs and Capital Spending

Murphy Oil Corp — Q3 2025 recorded accrued capital expenditures of $163.9 million for the quarter and reported lease operating expense of $9.39 per BOE.

Capital Allocation and Returns

Murphy Oil Corp — Q3 2025 paid down $50 million under its senior unsecured credit facility and returned $46 million to shareholders via the quarterly dividend during the quarter.

Operations and Project Progress

Murphy Oil Corp — Q3 2025 noted onshore production of roughly 132 MBOEPD (about 35% liquids) and offshore production of roughly 68 MBOEPD (about 88% liquids). Subsequent to the quarter the company completed platform jacket installation and initiated development drilling at the Lac Da Vang (Golden Camel) project in Vietnam ahead of schedule.

Guidance and Outlook

Murphy Oil Corp — Q3 2025 reaffirmed full‑year production and CAPEX guidance. Fourth‑quarter 2025 net production guidance (excluding noncontrolling interest) is 176,000 to 184,000 BOEPD, and full‑year 2025 net production (excluding NCI) is guided to 174,500 to 182,500 BOEPD.