“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 ↗
Murphy Oil Corporation
MUR
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.
- Revenue increased 8.9% versus the comparable filing period.
- Operating margin fell 2.5 percentage points.
- 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.
Research brief
The story so far
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.
- Revenue increased 8.9% versus the comparable filing period.
- Operating margin fell 2.5 percentage points.
- Net income decreased 27.5% versus the comparable filing period.
- Net margin fell 3.6 percentage points.
- 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
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Capital investment and capacity has repeated favorable evidence across 3 filings.
- 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.
- P/E is 281% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
38.51Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.
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.