Murphy Oil Q1 net income $90M ($0.59/diluted); adjusted $131M ($0.85); production 170 MBOEPD

MURPHY OIL CORP

2024-Q1 EPS reported $0.59 revenue$796,412,000

Adjusted net income of $131M ($0.85 diluted) vs GAAP net income of $90M ($0.59 diluted); $50M in adjustments including impairments.
Production averaged 170 MBOEPD (89 MBOPD oil, 52% oil) at high end of guidance.
Repurchased $50M of stock (1.3M shares at avg $39.25); $400M remaining under authorization.
2024 guidance reaffirmed: capex $920M-$1.02B, production 180-188 MBOEPD.
Moody's and Fitch revised outlooks to positive from stable, affirming Ba2 and BB+ ratings.

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 0.9

MURPHY OIL CORP reported first quarter ended March 31, 2024 results: net income $90 million, EPS $0.59 net income per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Net income: $90 million
EPS: $0.59 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, 2024, including net income attributable to Murphy of $90 million, or $0.59 net income per diluted share.

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MURPHY OIL CORP filing history →

Source: SEC EDGAR

accession 0000717423-24-000015

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