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Murphy Oil Corp. (MUR)
NYSE:MUR
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
0.56Same Quarter Last Year
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes strong operational execution, disciplined cost control (LOE down 20%), material exploration and appraisal successes (80% success rate, promising Hai Su Vang results, 12,000 bbl/d test rates) and a solid balance sheet (> $2B liquidity), while acknowledging near-term challenges including a modest production decline in 2026 (~6% lower), a dry hole at Civette, increases in royalties on Tupper Montney gas, and some proved developed reserve declines. Management is prioritizing targeted investments (Vietnam and Gulf of America) to generate medium- to long-term growth, and retains capital flexibility if prices deteriorate.Company Guidance
Strong Exploration and Appraisal Results
80% success rate in exploration efforts in 2025; advanced 4 exploration/appraisal wells across 3 continents in Q4. Hai Su Vang (Golden Sea Lion) appraisal reported 429 feet of net oil pay in the primary reservoir and no oil-water contact, implying resources significantly above the initial midpoint of 170 million BOE. Hai Su Vang-2X well flow-tested two intervals (~6,000 bbl/d each) producing a combined ~12,000 bbl/d without facility constraints — well productivity ~6x typical Cuu Long basin wells (~2,000 bbl/d).
Vietnam Growth Opportunity
Management expects Hai Su Vang development to be a material new growth business that could surpass the scale of current Eagle Ford operations by the early 2030s. Target FID for Hai Su Vang expected ~2027 with first oil guidance centered around 2031 (possible earlier slip to late 2030) and peak production possibly by ~2033. Lac Da Vang (Golden Camel) achieved first oil in Q4 2025 and is expected to peak at ~10,000–15,000 bbl/d net with peak timing in late 2027 / early 2028.
Operational Execution and Cost Discipline
Production (Q4 and full year 2025) exceeded guidance. Lease operating expenses were reduced by 20% year-over-year and company maintains LOE guidance in the $10–$12 per barrel range. Eagle Ford Shale production to be maintained flat in 2026 while spending 25% less capital in the Eagle Ford program.
Balance Sheet Strength and Liquidity
Company reports low leverage and over $2 billion in available liquidity, enabling flexibility to adjust capital plans if commodity prices soften.
Reserve Replacement and Total Resource Base
Proved reserve replacement was ~103% for the period, and total company reserves remain in the ~700 million BOE range — demonstrating maintenance of long-term inventory.
Gulf of America and Chinook Upside
Recent Gulf of America exploration and new block acquisitions (7 new blocks; apparent high bidder for another 7 pending) expand the exploration pipeline. Chinook 8 development well targets a previously producing reservoir and is expected to be a high-rate well (~15,000 bbl/d gross) with relatively low subsurface uncertainty, contributing materially in H2 2026 and supporting year-end production trajectory.
Low-cost New Entrants and Portfolio Optionality
Entered offshore Morocco with low upfront cost (estimated up to ~$5 million over 3 years) and attractive fiscal terms; added 7 Gulf of America blocks focused on exploration, increasing future optionality.
MUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MUR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $31.42 | $31.08 | -1.08% |
Nov 05, 2025 | $26.57 | $27.98 | +5.31% |
Aug 06, 2025 | $23.30 | $22.54 | -3.26% |
May 07, 2025 | $20.40 | $20.77 | +1.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Murphy Oil Corp. (MUR) report earnings?
Murphy Oil Corp. (MUR) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Murphy Oil Corp. (MUR) earnings time?
Murphy Oil Corp. (MUR) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MUR EPS forecast?
MUR EPS forecast for the fiscal quarter 2026 (Q1) is -0.03.