v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues and other income    
Total revenue from sales to customers $ 732,354 $ 672,730
Gain (loss) on derivative instruments 0 (9,459)
Gain on sale of assets and other operating income 1,198 2,440
Total revenues and other income 733,552 665,711
Costs and expenses    
Lease operating expenses 143,464 205,079
Severance and ad valorem taxes 13,746 8,650
Transportation, gathering and processing 47,061 48,851
Exploration expenses, including undeveloped lease amortization 82,815 14,488
Selling and general expenses 34,870 30,915
Depreciation, depletion and amortization 254,376 194,160
Accretion of asset retirement obligations 14,514 14,045
Other operating expense 4,441 5,629
Total costs and expenses 595,287 521,817
Operating income from continuing operations 138,265 143,894
Other income (loss)    
Other income 9,852 2,402
Interest expense, net (28,977) (23,523)
Total other loss (19,125) (21,121)
Income from continuing operations before income taxes 119,140 122,773
Income tax expense 49,945 32,722
Income from continuing operations 69,195 90,051
Loss from discontinued operations, net of income taxes (542) (633)
Net income including noncontrolling interest 68,653 89,418
Less: Net income attributable to noncontrolling interest 15,667 16,382
NET INCOME ATTRIBUTABLE TO MURPHY $ 52,986 $ 73,036
NET INCOME PER COMMON SHARE – BASIC    
Continuing operations (in USD per share) $ 0.37 $ 0.51
Discontinued operations (in USD per share) 0 0
Net income (in USD per share) 0.37 0.51
NET INCOME PER COMMON SHARE – DILUTED    
Continuing operations (in USD per share) 0.37 0.50
Discontinued operations (in USD per share) 0 0
Net income (in USD per share) 0.37 0.50
Cash dividends per common share (in USD per share) $ 0.350 $ 0.325
Average common shares outstanding (thousands)    
Basic (in shares) 143,081,801 144,283,946
Diluted (in shares) 144,380,590 145,072,088
Revenue from production    
Revenues and other income    
Total revenue from sales to customers $ 732,354 $ 672,730