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Sep 30
Murphy Oil Q3 2025 Earnings Report
Murphy Oil reported a sequential increase in production, reduced debt, and progressed its Lac Da Vang platform jacket installation ahead of schedule in the third quarter of 2025.
Key Takeaways
Murphy Oil Corporation reported a net loss of $3.0 million for the third quarter of 2025, or $0.02 per diluted share, primarily due to a significant impairment of assets. Despite the net loss, the company achieved a sequential increase in total production to 200,383 BOEPD and net crude oil production to 94,067 BOPD, outperforming guidance. Murphy also reduced debt by $50 million and generated $218.8 million in free cash flow.
Murphy Oil reported a net loss of $3.0 million, or $0.02 per diluted share, for Q3 2025.
Adjusted net income from continuing operations was $58.1 million, or $0.41 per diluted share.
Total production increased sequentially to 200,383 BOEPD, with net crude oil production at 94,067 BOPD.
The company reduced debt by $50 million and generated $218.8 million in free cash flow during the quarter.
Murphy Oil
Murphy Oil
Murphy Oil Revenue by Segment
Murphy Oil Revenue by Geographic Location
Revenue by Segment
Exploration and Production Revenue
CapyFin.comCorporate Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
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CapyFin.com Forward Guidance
Murphy Oil reaffirmed its full-year production and capital expenditure guidance for 2025. The company anticipates total net production (excluding NCI) to be between 174,500 to 182,500 BOEPD for the full year, with capital expenditures (excluding NCI) projected to be between $1,135 million and $1,285 million. Fourth-quarter production is expected to be between 176,000 to 184,000 BOEPD.
Positive Outlook
- Reaffirmed full-year production guidance, indicating confidence in operational performance.
- Reaffirmed full-year capital expenditure guidance, providing clarity on future investment plans.
- Lac Da Vang (Golden Camel) development project in Vietnam is ahead of schedule, with platform jacket installed and development drilling initiated.
- Strong new well productivity and no storm downtime in the Gulf of America contributed to production outperformance.
- Focus on core execution and impactful offshore exploration and appraisal program across three continents in Q4.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the report.
- The report does not provide specific negative outlooks or challenges for the upcoming quarter or year.
- No mention of potential headwinds from commodity price volatility.
- No specific warnings about increased operating costs or supply chain issues.
- No explicit concerns regarding regulatory changes or geopolitical risks impacting future operations.