MURPHY OIL CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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Supplemental Quarterly Information (unaudited)
| (Millions of dollars except per share amounts) | FirstQuarter | SecondQuarter | ThirdQuarter | FourthQuarter | Year |
|---|---|---|---|---|---|
| Revenue from contracts with customers 1 | $672.7 | $683.0 | $721.0 | $613.1 | $2,689.8 |
| Income (loss) from continuing operations before income taxes 1 | 122.8 | 34.9 | (3.7) | 28.9 | 182.9 |
| Income (loss) from continuing operations 1 | 90.0 | 33.8 | (7.8) | 22.3 | 138.3 |
| Net income (loss) including noncontrolling interest | 89.4 | 35.1 | (8.3) | 22.6 | 138.8 |
| Net income (loss) attributable to Murphy | 73.0 | 22.3 | (3.0) | 11.9 | 104.2 |
| Income (loss) from continuing operations per common share ² | |||||
| Basic | 0.51 | 0.15 | (0.02) | 0.08 | 0.73 |
| Diluted | 0.50 | 0.15 | (0.02) | 0.08 | 0.72 |
| Net income (loss) per common share ² | |||||
| Basic | 0.51 | 0.16 | (0.02) | 0.08 | 0.73 |
| Diluted | 0.50 | 0.16 | (0.02) | 0.08 | 0.72 |
| Cash dividend per common share | 0.325 | 0.325 | 0.325 | 0.325 | 1.300 |
| Revenue from contracts with customers 1 | $794.8 | $801.0 | $753.2 | $669.6 | $3,018.6 |
| Income from continuing operations before income taxes 1 | 145.6 | 189.6 | 153.8 | 78.6 | 567.6 |
| Income from continuing operations 1 | 115.5 | 156.9 | 151.7 | 65.2 | 489.3 |
| Net income including noncontrolling interest | 114.7 | 156.3 | 151.1 | 64.4 | 486.5 |
| Net income attributable to Murphy | 90.0 | 127.7 | 139.1 | 50.3 | 407.1 |
| Income from continuing operations per common share ² | |||||
| Basic | 0.60 | 0.84 | 0.93 | 0.35 | 2.73 |
| Diluted | 0.60 | 0.83 | 0.93 | 0.34 | 2.72 |
| Net income per common share ² | |||||
| Basic | 0.59 | 0.84 | 0.93 | 0.35 | 2.71 |
| Diluted | 0.59 | 0.83 | 0.93 | 0.34 | 2.70 |
| Cash dividend per common share | 0.300 | 0.300 | 0.300 | 0.300 | 1.200 |
1 “Revenue from contracts with customers”, “Income (loss) from continuing operations before income taxes”, “Income (loss) from continuing operations” and “Net income (loss) including noncontrolling interest” includes results attributable to the noncontrolling interest in MP GOM.
2 The sum of quarterly income (loss) from continuing operations per share and net income (loss) per share may not agree with total year net income (loss) per share as each quarterly computation is based on the weighted average of common shares outstanding.
DEFINITIONS
Currencies:
CAD or C$ - Canadian dollar
USD or US$ - United States dollar
Units of Measure:
BBL - Barrels
BCF - Billion cubic feet
BOEPD - Barrels of oil equivalent per day
MCF - Thousand cubic feet
MMBBL - Million barrels
MMBOE - Million barrels of oil equivalent
MMBTU - Million British thermal units
MMCF - Million cubic feet
Industry:
AECO - Alberta Energy Company and is the Canadian benchmark price for natural gas
Crude oil - Collectively, crude oil and condensate hydrocarbons
Crude oil, natural gas and natural gas liquids - Collectively, oil and natural gas
Development well - A well that is drilled within the proved area of an oil or natural gas reservoir to the depth of a stratigraphic horizon known to be productive
Dry hole - An exploratory well that does not find oil or natural gas in commercial quantities
E&P - Exploration and production
Exploratory well - A well drilled to find and produce crude oil or natural gas in an unproved area and includes delineation wells which target a new reservoir in a field known to be productive or to extend a known reservoir beyond the proved area
FPSO - Floating production, storage and offloading vessel
Hydrocarbons - Organic chemical compounds of hydrogen and carbon atoms that form the basis of all petroleum products
Liquids - Collectively, crude oil, condensate and natural gas liquid hydrocarbons
Net acres or net wells - The portions of gross acres or gross wells owned by the Company
NGLs - Natural gas liquids
NYMEX - New York Mercantile Exchange
OPEC - Organization of the Petroleum Exporting Countries
Operator - The company serving as the manager and often the decision-maker of a drilling or production project
Production Sharing Contract (PSC) - Agreement between extracting company(ies) and a host country regarding each party’s share of production after stipulated exploratory and development costs are recovered
QRE - Qualified reserve estimator
Seismic - Two-dimensional or three-dimensional images created by bouncing sound waves off underground rock formations that are used to determine the best places to drill for hydrocarbons
Working interest - Right to drill and produce oil and natural gas on the leased acreage, as well as the obligation to pay costs
WTI - West Texas Intermediate
Abbreviations:
AIP - Annual Incentive Plan
ARO - Asset retirement obligation
ASC - Accounting Standards Codification
ASU - Accounting Standards Update
BOEM - U.S. Bureau of Ocean Energy Management
DEFINITIONS - Continued
BSEE - U.S. Bureau of Safety and Environmental Enforcement
CERCLA - U.S. Comprehensive Environmental Response, Compensation and Liability Act
CODM - Chief operating decision maker
CRSU - Cash-settled restricted time-based stock unit
DD&A - Depreciation, depletion and amortization
EBITDA - Earnings before interest, taxes, depreciation and amortization
EBITDAX - Earnings before interest, taxes, depreciation and amortization, and exploration expenses
EPA - U.S. Environmental Protection Agency
ESG - Environmental, social and governance
FASB - Financial Accounting Standards Board
FCF - Free cash flow
GAAP - U.S. generally accepted accounting principles
GHG - Greenhouse gas
GHGRP - Greenhouse Gas Reporting Program
IRA - Inflation Reduction Act
MP GOM - MP Gulf of Mexico, LLC
NCI - Noncontrolling interest
NED - Non-employee director
OBBBA - One Big Beautiful Bill Act
OPA - U.S. Oil Pollution Act
OT - Operational technology
PCAOB - Public Company Accounting Oversight Board
PSU - Performance-based restricted stock unit
RCF - Senior unsecured guaranteed revolving credit facility
ROACE - Return on average capital employed
RSU - Time-based restricted stock unit
SAR - Stock appreciation right
SEC - U.S. Securities and Exchange Commission
SOFR - Secured Overnight Financing Rate
TCFD - Task Force on Climate-related Financial Disclosures
WEC - Waste emission charge
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.