Earnings ·
Murphy Oil reports $1.17 Q3 EPS and raises full-year production guidance to 176,000–178,000 BOEPD
MURMurphy Oil Corp
Murphy Oil reported third-quarter net income attributable to Murphy of $171.1 million, or $1.17 per diluted share, driven by strong operational execution and elevated oil prices. The company produced 186,500 barrels of oil equivalent per day (BOEPD), exceeding the high end of its quarterly guidance range. Management raised full-year 2026 production guidance to a midpoint increase of 6,000 BOEPD, reflecting outperformance in the Eagle Ford Shale and Tupper Montney. Additionally, Murphy signed two production sharing contracts for approximately 3.1 million acres offshore Mauritania, where it will hold a 90 percent working interest as operator. The independent oil and natural gas company operates onshore assets in North America and offshore developments in the Gulf of America, Vietnam, and West Africa.