MUR Earnings Prediction
The chart below shows how MUR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MUR sees a +2.90% change in stock price 10 days leading up to the earnings, and a +0.80% change 10 days following the report. On the earnings day itself, the stock moves by +0.49%. This data can give you a slight idea of what to expect for the next quarter's release.
MUR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
669.57M
-20.50%
-11.10%
Gross Margin
34.94%
-31.32%
-14.17%
Operating Margin
19.98%
-23.65%
-23.86%
Net Margin
9.73%
-41.63%
-51.69%
EPS
0.34
-54.67%
-63.44%
No Data Available
MUR Earnings Analysis
Murphy Oil Corp Corporation (MUR.N) Earnings Conference Call
Positive
Debt Reduction Achievement: $50,000,000 reduction in senior notes through open market repurchases, contributing to a total debt reduction of approximately 60% since 2020, achieving the lowest net debt in over a decade at approximately $850,000,000.
Oil Production and Reserves: Produced 177,000 barrels of oil equivalent per day in 2024, with 36 operated and 20 gross non-operated onshore wells brought online, maintaining an 11-year reserve life with 713,000,000 barrels of oil equivalent approved reserves at year-end 2024.
Oil Flow Rate Achievement: Achieved a facility constrained flow rate of 10,000 barrels of oil per day from the Hai Suvang 1X exploration well in Vietnam, with a gross resource potential estimated between 170,000,000 to 430,000,000 barrels of oil equivalent.
Stock Repurchase and Dividend Increase: Repurchased $300,000,000 of stock or 8,000,000 shares in the previous year, and announced an 8% increase in the quarterly cash dividend, raising the annualized rate to $1.30 per share.
Q4 Revenue and EBITDA: Generated $629,000,000 of revenue in Q4 2024 with an average realized oil price of $70 per barrel, contributing to an adjusted EBITDA of $321,000,000.
Negative
Oil Production Decline: In Q4 2024, Murphy Oil produced 175,000 barrels of oil equivalent per day, a decrease of nearly 11,000 barrels of oil equivalent per day due to various operational issues, including downtime from a late-season hurricane and mechanical issues at offshore wells.
Net Income Decline: The company recorded a net income of $50,000,000 in Q4 2024, which is a significant decline compared to previous quarters, reflecting the impact of production disruptions and lower performance in the Eagle Ford Shale.
Asset Impairment Challenges: Murphy Oil faced a $28,000,000 asset impairment for a field in the Gulf of Mexico during Q4 2024, indicating challenges in asset performance and valuation.
Adjusted EBITDA Decline: The adjusted EBITDA for Q4 2024 was $321,000,000, which is lower than expected due to production impacts and increased operational costs, highlighting inefficiencies in capital management.
Production Forecast Decline: For Q1 2025, production is forecasted to decline to 159,000 to 167,000 barrels of oil equivalent per day, significantly lower than Q4 2024, primarily due to natural production declines and planned downtime across both onshore and offshore assets.
MUR FAQs
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MUR Earning Call Sentiment
Earnings call transcript: Murphy Oil Q4 2024 misses EPS forecast, stock dips
MUR.N
-3.16%Positive
The earnings call reveals a decrease in key financial metrics like net income, EBITDA, and revenue due to operational challenges. Despite increased liquidity and shareholder returns, production issues and unclear management responses in the Q&A raise concerns. The optimistic guidance and increased reserves offer some positives, but overall, the negative trends and uncertainties, particularly around CapEx and operational issues, suggest a negative stock price movement.
