Murphy Oil swings to $3.0 million Q3 net loss on $115 million impairment
Murphy Oil reported a third-quarter 2025 net loss attributable to Murphy of $3.0 million, or $0.02 per diluted share, compared with net income of $139.1 million, or $0.93 per share, a year earlier. Revenue from production fell to $721.0 million from $753.2 million, and adjusted net income was $58.1 million, or $0.41 per diluted share, down from $110.7 million, or $0.74, in the prior-year quarter. The company reaffirmed its full-year 2025 production and capital expenditure guidance.
Key points
- Q3 2025 net loss attributable to Murphy of $3.0 million, or $0.02 per diluted share, versus net income of $139.1 million, or $0.93 per share, in Q3 2024
- Adjusted net income of $58.1 million, or $0.41 per diluted share, versus $110.7 million, or $0.74, a year earlier
- Pretax impairment of $115 million ($92 million excluding noncontrolling interest) on the Dalmatian asset in the Gulf of America
- Production of 200,383 BOEPD in the quarter; the company reaffirmed full-year 2025 production and capital expenditure guidance
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.