MUR
Murphy Oil Corporation31.23
-1.35-4.14%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details Vietnam flows, capex flex
Q&A unpacked Hai Su Vang's unconstrained 12,000 bbl/d flow tests—twice basin norms—confirming high productivity without facility limits. Management quantified 2026 capex flexibility at ~10% via onshore cuts, 30-40% longer-term, while locking in Vietnam appraisals and Chinook. Civette dry leaves Côte prospects untouched. Lac Da Vang peaks late '27 at 10-15k net; Hai Su Vang first oil ~2031. 2027 oil matches '26 guide amid modest growth. Vietnam timelines sharpened. No walk-backs, just details.
Key Stats
Market Cap
4.46BP/E (TTM)
31.23Basic EPS (TTM)
1.00Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
Murphy Oil delivered steady FY2025 production of 189 thousand BOEPD, up 2% y/y, with Eagle Ford Shale and Tupper Montney driving gains that offset Gulf of America downtime from maintenance and declines. Q4 saw Terra Nova ramp up post-2023 life extension while Vietnam notched oil discoveries at Lac Da Hong-1X and Hai Su Vang-2X, fueling 101% proved reserve replacement to 730 MMBOE. Yet lower oil prices slashed revenues $325 million y/y, triggering $115 million Dalmatian impairment. Cash from operations fell to $1.25 billion, funding $1.22 billion capex including Pioneer FPSO buy; $550 million remains for buybacks. Debt stood at $1.38 billion with $1.6 billion liquidity. Volatility in global oil prices could stall quarterly momentum.
8-K
Q4 earnings, dividend hike
Murphy Oil reported Q4 2025 net income of $11.9M and full-year $104.2M, with production hitting 181k BOEPD—above guidance—and reserves steady at 715 MMBOE for 11-year life. Board hiked dividend 8% to $0.35/share, payable March 2. Vietnam's Hai Su Vang appraisal boosts resources; 2026 guides 167-175k BOEPD on $1.2-1.3B capex. Exploration mixes hits, misses.
8-K
Closes $500M notes offering
Murphy Oil closed its $500M 6.500% notes offering due 2034 on January 23, 2026, after pricing on January 8. Proceeds will redeem 5.875% notes due 2027 and 6.375% notes due 2028, repay revolver borrowings, cover fees, and fund general corporate purposes. New debt carries higher rates but extends maturities. Indenture curbs liens and mergers.
8-K
Announces $500M notes offering
Murphy Oil announced a $500 million senior notes offering due 2034 on January 8, 2026, subject to market conditions. Proceeds will redeem its 5.875% notes due 2027 and 6.375% notes due 2028, repay revolver borrowings, cover fees, and fund general purposes. Redemptions hinge on offering completion. No rate disclosed.
8-K
RCF upsized to $2B
Murphy Oil amended its credit agreement on January 2, 2026, extending maturity to January 2, 2031 while boosting commitments from $1.35B to $2.0B and letter of credit capacity from $250M to $415M. Lenders reallocated via new entrants like Fifth Third and KeyBank. Liquidity surges. Stronger firepower for ops.
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