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Murphy Oil Corporation

MUR

Energy · 38.51 -0.9% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Murphy Oil Corporation's current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 20 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

What changed
  • Revenue increased 8.9% versus the comparable filing period.
  • Operating margin fell 2.5 percentage points.
Company-0.9% todayVolume comparison unavailable
Market group0 of 20 activeOil & Gas Producers · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • Higher volumes in the Eagle Ford Shale and onshore Canada were identified as primary contributors to higher revenues for the period.

Invalidation: The isolated read changes if MUR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Energy · Oil & Gas E&P

The latest filing evidence is available. 0 of 20 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 8.9% versus the comparable filing period.
Evidence that challenges
  • Operating margin fell 2.5 percentage points.
  • Net income decreased 27.5% versus the comparable filing period.
  • Net margin fell 3.6 percentage points.
What would clarify the read
  • Higher volumes in the Eagle Ford Shale and onshore Canada were identified as primary contributors to higher revenues for the period.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements164
Verified relationships2
Evidence supporting the case
  • Capital investment and capacity has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Latest annual revenue changed -10.2% year over year.
  • Operating margin changed -8.8 percentage points in the latest annual period.
  • Net margin changed -9.6 percentage points in the latest annual period.
  • Energy and commodity prices has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 281% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

38.51
6m+10.9%12m+47.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.8B+59.9%$-0.48+0.5%
2022-12-31$4.2B+50.7%$6.13+2.1%
2023-12-31$3.4B-18.3%$4.22-0.5%
2024-12-31$3.0B-12.2%$2.70-3.6%
2025-12-31$2.7B-10.2%$0.72-4.6%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
In 2025, net cash provided by financing activities was from net borrowings on the senior unsecured RCF ($200.0 million), partially offset by the repurchase of common shares ($100.1 million), cash dividends to shareholders ($47.0 million), withholding tax on s…
10-Q · May 6, 2026
Demand and volumemixed · 4 filings
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) Outlook The oil and natural gas industry is impacted by global commodity pricing and as a result the prices for the Company’s primary products are often volatile…
10-Q · May 6, 2026
Energy and commodity pricesmixed · 4 filings
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) Outlook The oil and natural gas industry is impacted by global commodity pricing and as a result the prices for the Company’s primary products are often volatile…
10-Q · May 6, 2026
Foreign exchangemixed · 4 filings
The favorable variance was primarily due to no losses on derivative instruments ($9.5 million) in the current quarter and higher foreign exchange gains ($8.8 million).
10-Q · May 6, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 2.0× · EV/sales 2.4×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

38.51-0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for MUR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing shows material pressure

10-Q filed 2026-05-06 against the comparable filing from 2025-05-07.

cautious
OperationscautiousEvidence score -1
liquidityneutralEvidence score 0
valuationmixed

What improved

  • Revenue increased 8.9% versus the comparable filing period.

What weakened

  • Operating margin fell 2.5 percentage points.
  • Net income decreased 27.5% versus the comparable filing period.
  • Net margin fell 3.6 percentage points.

Filing receipts

The increase in cash flows from operations activities was primarily due to higher realized prices and volumes resulting in higher revenue from production ($59.6 million) and lower lease operating expenses ($61.6 million), partially offset by the timing of net non-cash working capital ($85.2 million) and changes in other operating activities, net ($18.7 million), primarily due to fluctuations in foreign exchange rates ($8.9 million) and higher expenditures for asset retirements ($8.8 million).

March 31, 2026 December 31, 2025 (Millions of dollars) Amount % Amount % Capital employed Long-term debt $ 1,548.1 23.3 % $ 1,382.6 21.3 % Murphy shareholders' equity 5,098.9 76.7 % 5,118.4 78.7 % Total capital employed $ 6,647.0 100.0 % $ 6,501.0 100.0 % At March 31, 2026, long-term debt of $1,548.1 million increased by $165.5 million compared to December 31, 2025, primarily as a result of a refinancing transaction whereby the Company issued $500.0 million of 2034 Notes and used the proceeds to redeem the 2027 Notes and 2028 Notes and pay down amounts drawn on the Amended RCF.

Higher DD&A in the current quarter is primarily due to higher sales volumes onshore U.S. and onshore Canada, as well as higher rates in the Gulf of America, and was partially offset by lower sales volumes offshore U.S. and offshore Canada.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind MUR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JYNTFiling-linked namepartnerFeb 25, 2026

Murphy is exposed to credit risk in three principal areas: • Accounts receivable credit risk from selling its produced commodity to customers; • Joint venture partners related to certain oil and natural gas properties operated by the Company that may not be a…

RRCRange Resources CorporationcompetitorFeb 25, 2026

Range Resources Corporation Civitas Resources, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

MUR is currently a Follower in the organic co-movement group Oil & Gas Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.