Murphy Oil posts Q1 net income $192M, EPS $1.22; production exceeds guidance at 172.5 MBOEPD

MURPHY OIL CORP

2023-Q1 EPS reported $1.22 revenue$841,716,000

Adjusted net income $195M ($1.24/diluted share); EBITDAX $474M.
Production 172.5 MBOEPD (94 MBOPD oil), exceeding upper end of guidance.
Gulf of Mexico discovery at Longclaw #1; 62 ft net oil pay encountered.
Reaffirms 2023 production guidance 175.5-183.5 MBOEPD and capex $875M-$1.025B.
Credit rating upgraded to BB+ by S&P; dividend $0.275/quarter maintained.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MURPHY OIL CORP reported first quarter ended March 31, 2023 results: net income $192 million, EPS $1.22 net income per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Net income: $192 million
EPS: $1.22 net income per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the first quarter ended March 31, 2023, including net income attributable to Murphy of $192 million, or $1.22 net income per diluted share.

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Source: SEC EDGAR

accession 0000717423-23-000032

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