Murphy Oil Q3 net income $255M ($1.63 EPS); boosts buyback authorization by $300M, raises 2023 production guidance

MURPHY OIL CORP

2023-Q3 EPS reported $3.47 revenue$2,615,949,000

Net income $255M ($1.63 diluted EPS); adjusted $249M ($1.59). Production 202 MBOEPD, above guidance.
Redeemed remaining $249M of 5.75% Senior Notes due 2025; total debt reduced to $1.6B.
Repurchased $75M of shares; board increased buyback authorization by $300M to $525M remaining.
Sanctioned Lac Da Vang field development in Vietnam (40% WI); first oil targeted 2026, peak gross 30-40 MBOEPD.
Raised full-year 2023 production guidance to 185-187 MBOEPD (midpoint +3 MBOEPD).

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 for the third quarter ended September 30, 2023 results: net income $255 million, EPS $1.63 net income per diluted share.

Period: for the third quarter ended September 30, 2023
Net income: $255 million
EPS: $1.63 net income per diluted share
Result: reported results

Exact text from the filing

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the third quarter ended September 30, 2023, including net income attributable to Murphy of $255 million, or $1.63 net income per diluted share.

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Source: SEC EDGAR

accession 0000717423-23-000059

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