Murphy Oil (MUR) Misses Q4 EPS by 4c

Murphy Oil (NYSE: MUR) reported Q4 EPS of $0.16, $0.04 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $637.5 million versus the consensus estimate of $768.6 million.

Guidance:

Murphy is planning 2020 capital expenditures (CAPEX) to be in the range of $1.4 to $1.5 billion with full year 2020 production to be in the range of 190 to 202 MBOEPD. Production for first quarter 2020 is estimated to be in the range of 181 to 193 MBOEPD, impacted by approximately 3 MBOEPD due to Terra Nova being offline. Both production and CAPEX guidance ranges exclude Gulf of Mexico noncontrolling interest (NCI). Murphy’s 2020 plan reflects management’s continued focus on spending within cash flows, generating excess funds such that the company returns cash to shareholders through the longstanding dividend.

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

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