Murphy Oil ( (MUR) ) has released its Q1 earnings. Here is a breakdown of the information Murphy Oil presented to its investors.
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Murphy Oil Corporation is an independent oil and natural gas company with a diverse portfolio of onshore and offshore assets, known for its strong execution and innovative development capabilities in the energy sector.
In its first-quarter 2025 earnings report, Murphy Oil announced a net income of $73 million, or $0.50 per diluted share, with an adjusted net income of $81 million, or $0.56 per diluted share. The company also highlighted significant operational achievements, including an oil discovery in offshore Vietnam and the acquisition of a floating production storage and offloading vessel.
Key financial metrics for the quarter included an EBITDA of $317 million and an adjusted EBITDA of $339 million. Murphy Oil’s production averaged 157 thousand barrels of oil equivalent per day, despite some production impacts due to unplanned downtimes and weather-related delays. The company also repurchased $100 million of its shares and maintained a strong liquidity position with $1.5 billion available.
Looking forward, Murphy Oil reaffirms its 2025 capital expenditure and production guidance, aiming to continue its development plans in the Gulf of America and Vietnam. The company remains committed to shareholder returns and maintaining a strong balance sheet, with a focus on generating excess cash flow for further investments and returns.