Murphy Oil's third quarter revenue of $855M and output of 186.5 MBOEPD beat estimates

Murphy Oil Corporation reported third quarter 2026 financial and operating results that outperformed analyst expectations. The company achieved production of 186,495 BOEPD, exceeding its own guidance range of 171,000 to 179,000 BOEPD. This operational success was primarily driven by accelerated activity in the Eagle Ford Shale and outperformance in the Tupper Montney, leading management to raise full-year 2026 production guidance.

Key Highlights

• Reported adjusted net income from continuing operations of $158.4 million, or $1.08 per diluted share, beating the $0.90 estimate.
• Raised full-year 2026 production guidance range to 176,000–178,000 BOEPD, reflecting a midpoint increase of 6,000 BOEPD.
• Achieved a significant milestone with first oil from the Lac Da Vang development project offshore Vietnam.
• Discovered oil at the Lac Da Trang North-1X exploration well offshore Vietnam, encountering approximately 131 feet of net oil pay.