Murphy Oil Q1 net income falls to $53.0 million; revenue rises to $733.6 million
Murphy Oil reported first-quarter 2026 net income attributable to Murphy of $53.0 million, or $0.37 per diluted share, down from $73.0 million, or $0.50, a year earlier, while total revenues rose to $733.6 million from $665.7 million. Production of 174,236 BOEPD exceeded the high end of the company's quarterly guidance, and full-year 2026 production guidance is 167,000 to 175,000 BOEPD, but higher exploration and depreciation costs weighed on profit.
Key points
- Adjusted net income from continuing operations was $46.5 million ($0.32 per diluted share), versus $80.7 million ($0.56) a year earlier.
- Exploration expenses rose to $82.8 million from $14.5 million, and depreciation, depletion and amortization rose to $254.4 million from $194.2 million.
- Second-quarter 2026 production guidance is 161,000 to 169,000 BOEPD; full-year 2026 capital expenditures guidance is $1.2 billion to $1.3 billion.
- Paid $50 million in dividends during the quarter; no shares were repurchased, leaving $550 million under the buyback authorization.
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 May 06, 2026.
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.