earnings
confidence high
sentiment positive
materiality 0.85
Murphy Oil Q3 net income $528M ($3.36/diluted); production 188.5 MBOEPD above guidance
MURPHY OIL CORP
2022-Q3 EPS reported
$4.86
revenue$2,957,443,000
- Adjusted net income $290M ($1.84/diluted); revenue and EPS beat consensus.
- Production 188.5 MBOEPD exceeded upper end of guidance; 51% oil.
- Reduced long-term debt by $248M in Q3; announced $200M note redemption for Nov 30.
- Dividend increased to $1.00/share annualized; on track for $650M debt reduction goal.
- 2022 capex guidance raised to $975M-1.025B; production guidance 164-172 MBOEPD.