Overview

* Murphy Oil ( MUR ) Q2 production of 189.7 MBOEPD exceeded company's quarterly guidance range of 177.0 to 185.0 MBOEPD

* Company's net income fell to $22.3 mln due to lower commodity prices

* Operating expenses decreased to $11.80 per BOE, reflecting cost improvements

Outlook

* Murphy expects full-year 2025 production near midpoint of 174.5-182.5 MBOEPD

* Company anticipates H2 2025 operating expenses at $10-$12 per BOE

* Murphy maintains 2025 CAPEX guidance of $1,135 to $1,285 mln

* Company plans key exploration wells in Gulf of America, Vietnam in H2 2025

Result Drivers

* PRODUCTION INCREASE - Higher production rates from Eagle Ford Shale and Tupper Montney assets drove Q2 results

* LOWER COMMODITY PRICES - Decline in oil and natural gas prices significantly impacted net income

* COST REDUCTION - Operating expenses decreased due to improved production rates and lower costs in Eagle Ford Shale

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.16

Q2 Net $22.30

Income mln

Q2 $299.30

Adjusted mln

EBITDA

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 $26.00, about 8.3% above its August 5 closing price of $23.85

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(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.)