Murphy Oil (MUR)
NYSE:MUR
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.21Last Year’s EPS
0.27Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights operational execution and financial resilience: strong cash flow ($429M), positive adjusted net income ($47M), production outperformance (roughly +3,000 boe/d from both Eagle Ford and Gulf of America), and advancing appraisal/development programs (Vietnam Lac Da Vang, Chinook). Management maintained capital guidance ($1.2–$1.3B) and preserved shareholder return commitments while emphasizing opportunistic buybacks and balance sheet flexibility. Key negatives include $67M exploration charges from unsuccessful Cote d'Ivoire wells (which exceeded adjusted net income), drilling delays at Bubale with no definitive result yet, stalled Paon sanctioning due to gas pricing disagreements, and ongoing commodity price volatility that raises uncertainty and could impact timing of capital returns.Company Guidance
Strong cash flow and positive earnings
Generated cash flow of $429 million and adjusted net income of $47 million in Q1 2026, supported by an oil-weighted unhedged portfolio and higher realized prices late in the quarter.
Realized oil pricing and recent price momentum
Average realized oil price for the full quarter was $72 per barrel; realized prices exceeded $90 per barrel in March. Prices rose roughly 50% from January to March, enabling upside in late-quarter cash flow.
Production outperformance versus guidance
Delivered production above the high end of guidance for the quarter. Outperformance was driven roughly evenly by onshore and offshore (Eagle Ford and Gulf of America), each contributing approximately +3,000 barrels of oil equivalent per day of incremental production.
Eagle Ford operational execution and well performance
Onshore Eagle Ford exceeded expectations with ~15 new wells brought online during the quarter, benefitting from longer laterals and improved drilling/completions efficiency. Company guidance for the asset this year is ~38,000 boe/d (net) and midterm plateau range cited at 30,000–35,000 boe/d.
Maintained 2026 capital guidance and disciplined capital approach
Maintaining full-year capital guidance range of $1.2 billion to $1.3 billion and emphasizing flexibility to participate selectively in non-operated opportunities; front-loaded spend driven by onshore drilling and exploration/appraisal timing.
Progressing appraisal and development programs (Vietnam & Gulf)
Vietnam appraisal program advancing (HSV-3X finishing, HSV-4X next) to define field potential and update resource range; Lac Da Vang (Golden Camel) field expected to start up in Q4 2026 and ramp through 2027; Chinook #8 well expected online in H2 2026.
Attractive exploration upside (LDT / new country entries)
LDT North (White Camel North) mean-to-upside gross recoverable resource range estimated at ~40–80 million BOE with likely tieback potential to Lac Da Vang infrastructure. New low-cost, high-upside entry opportunities pursued in Cameroon and other emerging basins.
Shareholder returns framework preserved with opportunistic approach
Remains committed to delivering a competitive dividend and to returning ~50% of adjusted free cash flow over time, while adopting an opportunistic timing approach to share buybacks given price volatility and strong balance sheet flexibility.
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 |
|---|---|---|---|
May 06, 2026 | $38.59 | $37.94 | -1.69% |
Jan 28, 2026 | $30.82 | $30.49 | -1.08% |
Nov 05, 2025 | $25.79 | $27.16 | +5.31% |
Aug 06, 2025 | $22.61 | $21.87 | -3.26% |
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 (MUR) report earnings?
Murphy Oil (MUR) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Murphy Oil (MUR) earnings time?
Murphy Oil (MUR) earnings time is at Jul 30, 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 (Q2) is 1.21.