Overview

* Murphy Oil ( MUR ) Q3 adjusted EBITDA beats analyst expectations, reflecting strong operational execution

* Company reports Q3 net loss due to $92 mln non-cash impairment, related to the Dalmatian field in the Gulf of America

Outlook

* Murphy Oil ( MUR ) expects full-year 2025 production near high end of 174.5 MBOEPD to 182.5 MBOEPD range

* Company anticipates Q4 CAPEX of $370 mln to $390 mln

* Murphy Oil ( MUR ) expects subdued oil prices in early 2026, modest rebound in 2027

Result Drivers

* COST MANAGEMENT - Operating expenses decreased due to higher production rates and cost management in Eagle Ford Shale

* IMPROVED ADJUSTED NET INCOME - Despite net loss, adjusted net income improved due to higher oil prices and operational execution

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$0.02

Q3 Net -$3 mln

Income

Q3 Beat $390.6 $357.8

Adjusted mln mln (14

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 15 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

* Wall Street's median 12-month price target for Murphy Oil Corp ( MUR ) is $26.50, about 0.3% below its November 5 closing price of $26.57

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)