Murphy Oil Corporation

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.”