earnings
confidence high
sentiment positive
materiality 0.75
Murphy Oil Q3 adj. EPS $0.74; CEO transition to Hambly in 2025; $600M notes issued
MURPHY OIL CORP
2024-Q3 EPS reported
$2.34
revenue$2,357,514,000
- Net income $139M ($0.93 diluted EPS); adjusted net income $111M ($0.74 adj. EPS).
- Production 185 MBOEPD (88 MBOPD); maintained $0.30 quarterly dividend.
- Repurchased $194M of stock (5.4M shares at $36.12) in Q3; $650M remaining authorization.
- Subsequent: issued $600M 6.000% notes due 2032; new $1.2B credit facility (+50%).
- CEO Roger Jenkins to retire; President Eric Hambly becomes CEO effective Jan 1, 2025.