MURPHY OIL CORP
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
MUR$34.55-3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (Thousands of dollars, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenues and other income | ||||
| Revenue from production | $797,510 | $799,836 | $1,592,113 | $1,596,067 |
| Sales of purchased natural gas | 3,497 | 13,014 | 3,742 | 56,751 |
| Total revenue from sales to customers | 801,007 | 812,850 | 1,595,855 | 1,652,818 |
| Gain on sale of assets and other income | 1,764 | 1,738 | 3,328 | 3,486 |
| Total revenues and other income | 802,771 | 814,588 | 1,599,183 | 1,656,304 |
| Costs and expenses | ||||
| Lease operating expenses | 259,628 | 194,292 | 493,892 | 394,276 |
| Severance and ad valorem taxes | 10,417 | 12,765 | 20,503 | 24,205 |
| Transportation, gathering and processing | 53,470 | 59,868 | 110,023 | 113,790 |
| Costs of purchased natural gas | 2,987 | 9,657 | 3,147 | 41,926 |
| Exploration expenses, including undeveloped lease amortization | 42,677 | 115,793 | 87,106 | 125,975 |
| Selling and general expenses | 22,893 | 25,345 | 54,054 | 43,653 |
| Depreciation, depletion and amortization | 215,543 | 215,667 | 426,677 | 411,337 |
| Accretion of asset retirement obligations | 13,053 | 11,364 | 25,827 | 22,521 |
| Other operating (income) expense | (2,219) | 4,960 | 5,047 | 16,948 |
| Impairment of assets | – | – | 34,528 | – |
| Total costs and expenses | 618,449 | 649,711 | 1,260,804 | 1,194,631 |
| Operating income from continuing operations | 184,322 | 164,877 | 338,379 | 461,673 |
| Other income (loss) | ||||
| Other income (loss) | 26,245 | (7,694) | 37,796 | (7,767) |
| Interest expense, net | (20,986) | (29,856) | (41,007) | (58,711) |
| Total other income (loss) | 5,259 | (37,550) | (3,211) | (66,478) |
| Income from continuing operations before income taxes | 189,581 | 127,327 | 335,168 | 395,195 |
| Income tax expense | 32,676 | 34,870 | 62,733 | 88,703 |
| Income from continuing operations | 156,905 | 92,457 | 272,435 | 306,492 |
| Loss from discontinued operations, net of income taxes | (643) | (602) | (1,515) | (323) |
| Net income including noncontrolling interest | 156,262 | 91,855 | 270,920 | 306,169 |
| Less: Net income (loss) attributable to noncontrolling interest | 28,523 | (6,431) | 53,179 | 16,239 |
| NET INCOME ATTRIBUTABLE TO MURPHY | $127,739 | $98,286 | $217,741 | $289,930 |
| INCOME (LOSS) PER COMMON SHARE – BASIC | ||||
| Continuing operations | $0.84 | $0.63 | $1.44 | $1.86 |
| Discontinued operations | – | – | (0.01) | – |
| Net income | $0.84 | $0.63 | $1.43 | $1.86 |
| INCOME (LOSS) PER COMMON SHARE – DILUTED | ||||
| Continuing operations | $0.83 | $0.62 | $1.43 | $1.84 |
| Discontinued operations | – | – | (0.01) | – |
| Net income | $0.83 | $0.62 | $1.42 | $1.84 |
| Cash dividends per common share | $0.300 | $0.275 | $0.600 | $0.550 |
| Average common shares outstanding (thousands) | ||||
| Basic | 152,153 | 156,127 | 152,409 | 155,976 |
| Diluted | 153,144 | 157,299 | 153,480 | 157,308 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.