Murphy Oil CorporationMUR
▲ PositiveCapitalrelevance
Q2 revenue and EPS beat estimates, with production above forecast.
Impact on stocks 1
Energy
Murphy Oil CorporationMurphy Oil Q2 Revenue Surges 33.5% to $928 Million, Beating Estimates
Earnings
Murphy Oil reported second-quarter revenue of $928.31 million, a 33.5% increase from the same period last year, surpassing the Zacks Consensus Estimate of $871.03 million by 6.58%. Earnings per share came in at $1.55, compared to $0.27 a year ago and beating the consensus estimate of $1.51 by 2.65%. Total net hydrocarbon production reached 169,000 barrels of oil equivalent per day, exceeding the analyst forecast of 167,600. The company's U.S. exploration and production revenue rose 34.4% year over year to $744 million, while Canadian segment revenue grew 43.1% to $183.6 million.
Murphy Oil CorporationQ2 revenue and EPS beat estimates, with production above forecast.