Murphy Oil (MUR) Tops Q1 EPS by 36c

Murphy Oil (NYSE: MUR) reported Q1 EPS of $0.34, $0.36 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $664.62 million versus the consensus estimate of $531.86 million.

• Produced volumes of 169 Mboepd, on track to achieve full year production guidance
• Spent $215 million on capital expenditures, in line with planned annual capital budget of $890 million for full year 2017
• Reduced selling and general expenses by approximately 17 percent year-over-year, excluding severance expense in the prior year
• Closed the divestiture of Canadian heavy oil asset generating a $132 million pre-tax gain
• Executed planned quarterly Kaybob Duvernay appraisal program by drilling five wells, including the longest lateral to date of 9,500 feet, and brought three wells online

For earnings history and earnings-related data on Murphy Oil (MUR) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Credo Technology pops 3.5% as Evercore initiates with monster $325 price target
• Goldman reinstates Estee Lauder rating, sees turnaround driving growth and margins