Earnings Releases·Nov 4, 2026, 4:34 PM ET

Murphy Oil Corporation — Third Quarter 2026 Earnings Summary

Net income attributable to Murphy surged to $171.1 million ($1.17 per share) from a $3.0 million loss in the prior year period, driven by a 17% revenue increase to $854.9 million and a 18% rise in adjusted EBITDA to $510.9 million.
Full-year 2026 production guidance was raised to 176,000–178,000 BOEPD, while Q4 2026 production is guided at 174,000–182,000 BOEPD with capital expenditures of $190 million.
Significant operational milestones include first oil from the Lac Da Vang project in Vietnam, a new oil discovery in Côte d'Ivoire, and the securing of six new exploration blocks in the Gulf of America and two in Mauritania.
Capital allocation included $50.2 million in cash dividends paid, $422.2 million in capital expenditures, and no share repurchases, leaving $550 million remaining under the authorization.
Liquidity stood at approximately $2.50 billion, though total debt increased by $80 million to $1.63 billion due to the recognition of a finance lease for the Lac Da Vang FSO vessel.