v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues and other income        
Total revenue from sales to customers $ 926,332 $ 683,065 $ 1,658,686 $ 1,355,795
Gain on derivative instruments 0 10,808 0 1,349
Gain on sale of assets and other operating income 1,975 1,697 3,173 4,137
Total revenues and other income 928,307 695,570 1,661,859 1,361,281
Costs and expenses        
Lease operating expenses 143,719 215,554 287,183 420,633
Severance and ad valorem taxes 14,991 10,828 28,737 19,478
Transportation, gathering and processing 45,274 54,070 92,335 102,921
Exploration expenses, including undeveloped lease amortization 39,303 10,399 122,118 24,887
Selling and general expenses 38,670 36,919 73,540 67,834
Depreciation, depletion and amortization 262,106 259,324 516,482 453,484
Accretion of asset retirement obligations 14,870 14,432 29,384 28,477
Other operating expense 14,706 1,833 19,147 7,462
Total costs and expenses 573,639 603,359 1,168,926 1,125,176
Operating income from continuing operations 354,668 92,211 492,933 236,105
Other income (loss)        
Other income (loss) 11,247 (32,304) 21,099 (29,902)
Interest expense, net (24,917) (25,053) (53,894) (48,576)
Total other loss (13,670) (57,357) (32,795) (78,478)
Income from continuing operations before income taxes 340,998 34,854 460,138 157,627
Income tax expense 77,030 1,032 126,975 33,754
Income from continuing operations 263,968 33,822 333,163 123,873
Income (loss) from discontinued operations, net of income taxes (437) 1,302 (979) 669
Net income including noncontrolling interest 263,531 35,124 332,184 124,542
Less: Net income attributable to noncontrolling interest 31,356 12,844 47,023 29,226
NET INCOME ATTRIBUTABLE TO MURPHY $ 232,175 $ 22,280 $ 285,161 $ 95,316
NET INCOME (LOSS) PER COMMON SHARE – BASIC        
Continuing operations (in USD per share) $ 1.62 $ 0.15 $ 2.00 $ 0.66
Discontinued operations (in USD per share) 0 0.01 (0.01) 0
Net income (in USD per share) 1.62 0.16 1.99 0.66
NET INCOME (LOSS) PER COMMON SHARE – DILUTED        
Continuing operations (in USD per share) 1.59 0.15 1.96 0.66
Discontinued operations (in USD per share) 0 0.01 (0.01) 0
Net income (in USD per share) 1.59 0.16 1.95 0.66
Cash dividends per common share (in USD per share) $ 0.350 $ 0.325 $ 0.700 $ 0.650
Average common shares outstanding (thousands)        
Basic (in shares) 143,350,677 142,720,904 143,216,239 143,502,425
Diluted (in shares) 146,148,510 143,215,614 145,893,868 144,143,851
Revenue from production        
Revenues and other income        
Total revenue from sales to customers $ 926,332 $ 683,065 $ 1,658,686 $ 1,355,795