Marathon Oil (MRO) Tops Q1 EPS by 7c; Guidance remain unchanged

Marathon Oil (NYSE: MRO) reported Q1 EPS of $0.67, $0.07 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.63 billion.

2023 Guidance

Marathon Oil\'s originally provided 2023 production guidance remains unchanged, as does the Company\'s 2023 capital spending guidance range of $1.9 to $2.0 billion, with approximately 60% of 2023 capital spending weighted to the first half of the year.

The Company\'s 2023 business plan benchmarks at the top of its high-quality E&P peer group, as measured by expected shareholder distribution yield; FCF yield and FCF efficiency; capital efficiency; pre and post-dividend FCF breakeven; and growth in production per-share.

For earnings history and earnings-related data on Marathon Oil (MRO) click here.

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