Murphy Oil Corp (MUR) financial statements: income statement, balance sheet and cash flow

Murphy Oil Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Murphy Oil Corp reported revenue of $2.7B (-10.2% year on year) and net income of $104.2M (-74.4% year on year).

Income statement

Murphy Oil Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Total revenue from sales to customers	$2.7B	$3.0B	$3.4B	$4.2B
Gain (loss) on derivative instruments	$5.9M	($1.7M)	$0	($320.4M)
Gain on sale of assets and other operating income	$23.1M	$11.6M	$11.3M	$32.9M
Total revenues and other income	$2.7B	$3.0B	$3.5B	$3.9B
Lease operating expenses	$765.2M	$937.0M	$784.4M	$679.3M
Severance and ad valorem taxes	$39.2M	$39.2M	$42.8M	$57.0M
Transportation, gathering and processing	$199.7M	$210.8M	$233.0M	$212.7M
Costs of purchased natural gas	$0	$3.1M	$51.7M	$172.0M
Exploration expenses, including undeveloped lease amortization	$111.7M	$133.5M	$234.8M	$133.2M
Selling and general expenses	$137.3M	$110.1M	$117.3M	$131.1M
Depreciation, depletion and amortization	$977.8M	$865.8M	$861.6M	$776.8M
Accretion of asset retirement obligations	$57.7M	$52.5M	$46.1M	$46.2M
Impairment of assets	$115.0M	$62.9M	$0	$0
Other operating expense	$13.9M	$11.0M	$46.5M	$137.5M
Total costs and expenses	$2.4B	$2.4B	$2.4B	$2.3B
Operating income from continuing operations	$301.2M	$602.6M	$1.0B	$1.6B
Other income (loss)	($22.3M)	$70.9M	—	—
Interest expense, net	($96.1M)	($105.9M)	($112.4M)	($150.8M)
Total other loss	($118.4M)	($35.0M)	($121.0M)	($136.4M)
Income from continuing operations before income taxes	$182.9M	$567.6M	$921.1M	$1.5B
Income tax expense	$44.6M	$78.3M	$195.9M	$309.5M
Income from continuing operations	$138.3M	$489.3M	$725.1M	$1.1B
Income (loss) from discontinued operations, net of income taxes	$485.0K	($2.8M)	($1.5M)	($2.1M)
Net income including noncontrolling interest	$138.8M	$486.5M	$723.7M	$1.1B
Less: Net income attributable to noncontrolling interest	$34.6M	$79.3M	$62.1M	$173.7M
NET INCOME ATTRIBUTABLE TO MURPHY	$104.2M	$407.2M	$661.6M	$965.0M
Continuing operations (in USD per share)	$0.73	$2.73	$4.27	$6.23
Net income (in USD per share)	$0.73	$2.71	$4.26	$6.22
Continuing operations (in USD per share)	$0.72	$2.72	$4.23	$6.14
Discontinued operations (in USD per share)	$0.00	-$0.02	-$0.01	-$0.01
Net income (in USD per share)	$0.72	$2.70	$4.22	$6.13
Cash dividends per Common share (in USD per share)	$1.30	$1.20	$1.10	$0.82
Basic (in shares)	143.1M	150.0M	155.2M	155.3M
Diluted (in shares)	144.0M	151.0M	156.6M	157.5M

Murphy Oil Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Total revenue from sales to customers	$926.3M	$732.4M	$721.0M	$683.1M
Gain on derivative instruments	$0	$0	$5.7M	$10.8M
Gain on sale of assets and other operating income	$2.0M	$1.2M	$6.3M	$1.7M
Total revenues and other income	$928.3M	$733.6M	$733.0M	$695.6M
Lease operating expenses	$143.7M	$143.5M	$184.4M	$215.6M
Severance and ad valorem taxes	$15.0M	$13.7M	$12.3M	$10.8M
Transportation, gathering and processing	$45.3M	$47.1M	$48.1M	$54.1M
Exploration expenses, including undeveloped lease amortization	$39.3M	$82.8M	$32.5M	$10.4M
Selling and general expenses	$38.7M	$34.9M	$30.9M	$36.9M
Depreciation, depletion and amortization	$262.1M	$254.4M	$283.5M	$259.3M
Accretion of asset retirement obligations	$14.9M	$14.5M	$14.7M	$14.4M
Other operating expense	$14.7M	$4.4M	$5.9M	$1.8M
Total costs and expenses	$573.6M	$595.3M	$727.2M	$603.4M
Operating income from continuing operations	$354.7M	$138.3M	$5.8M	$92.2M
Other income (loss)	$11.2M	$9.9M	$15.3M	($32.3M)
Interest expense, net	($24.9M)	($29.0M)	($24.7M)	($25.1M)
Total other loss	($13.7M)	($19.1M)	($9.5M)	($57.4M)
Income from continuing operations before income taxes	$341.0M	$119.1M	($3.7M)	$34.9M
Income tax expense	$77.0M	$49.9M	$4.2M	$1.0M
Income from continuing operations	$264.0M	$69.2M	($7.8M)	$33.8M
Income (loss) from discontinued operations, net of income taxes	($437.0K)	($542.0K)	($497.0K)	$1.3M
Net income including noncontrolling interest	$263.5M	$68.7M	($8.3M)	$35.1M
Less: Net income attributable to noncontrolling interest	$31.4M	$15.7M	($5.3M)	$12.8M
NET INCOME ATTRIBUTABLE TO MURPHY	$232.2M	$53.0M	($3.0M)	$22.3M
Continuing operations (in USD per share)	$1.62	$0.37	-$0.02	$0.15
Net income (in USD per share)	$1.62	$0.37	-$0.02	$0.16
Continuing operations (in USD per share)	$1.59	$0.37	-$0.02	$0.15
Discontinued operations (in USD per share)	$0.00	$0.00	$0.00	$0.01
Net income (in USD per share)	$1.59	$0.37	-$0.02	$0.16
Cash dividends per common share (in USD per share)	$0.35	$0.35	$0.33	$0.33
Basic (in shares)	143.4M	143.1M	142.7M	142.7M
Diluted (in shares)	146.1M	144.4M	142.7M	143.2M

Balance sheet

Murphy Oil Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$377.2M	$423.6M	$317.1M	$492.0M
Accounts receivable, net	$346.8M	$272.5M	$344.0M	$391.2M
Inventories	$57.3M	$54.9M	$54.5M	$54.5M
Prepaid expenses	$35.5M	$34.3M	$36.7M	$34.7M
Total current assets	$816.7M	$785.3M	$752.2M	$972.3M
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $15,068,149 in 2025 and $13,811,539 in 2024	$8.1B	$8.1B	$8.2B	—
Operating lease assets	$805.5M	$777.5M	$745.2M	$946.4M
Deferred charges and other assets	$74.1M	$50.0M	$43.7M	$44.3M
Total assets	$9.8B	$9.7B	$9.8B	$10.3B
Current maturities of long-term debt, finance lease	$2.5M	$871.0K	$723.0K	$687.0K
Accounts payable	$572.2M	$472.2M	$446.9M	$543.8M
Income taxes payable	$18.2M	$19.0M	$21.0M	$26.5M
Other taxes payable	$28.3M	$31.7M	$29.3M	$22.8M
Operating lease liabilities	$278.8M	$253.2M	$207.8M	$220.4M
Other accrued liabilities	$120.8M	$117.8M	$140.7M	$443.6M
Current asset retirement obligations	$42.0M	$48.1M	—	—
Total current liabilities	$1.1B	$942.8M	$846.5M	$1.3B
Long-term debt, including finance lease obligation	$1.4B	$1.3B	$1.3B	$1.8B
Asset retirement obligations	$970.9M	$960.8M	$904.1M	$817.3M
Deferred credits and other liabilities	$263.6M	$274.3M	$309.6M	$304.9M
Non-current operating lease liabilities	$537.8M	$537.4M	$551.8M	$742.7M
Deferred income taxes	$378.3M	$0	$435.0K	$117.9M
Total liabilities	$4.6B	$4.3B	$4.2B	$5.2B
Cumulative Preferred Stock, par $100, authorized 400,000 shares, none issued	0	0	0	0
Common Stock, par $1.00, authorized 450,000,000 shares, issued 195,100,628 shares at December 31, 2025 and 195,100,628 shares at December 31, 2024	195.1M	195.1M	195.1M	195.1M
Capital in excess of par value	$859.6M	$849.0M	$880.3M	$893.6M
Retained earnings	$6.7B	$6.8B	$6.5B	$6.1B
Accumulated other comprehensive loss	($554.2M)	($628.1M)	($521.1M)	($534.7M)
Treasury stock	($2.1B)	($2.0B)	($1.7B)	($1.6B)
Murphy Shareholders' Equity	$5.1B	$5.2B	$5.4B	$5.0B
Noncontrolling interest	$118.3M	$147.6M	$186.9M	$154.1M
Total equity	$5.2B	$5.3B	$5.5B	$5.1B
Total liabilities and equity	$9.8B	$9.7B	$9.8B	$10.3B

Murphy Oil Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$483.9M	$378.8M	$426.0M	$379.6M
Accounts receivable, net	$443.1M	$467.2M	$283.7M	$274.0M
Inventories	$62.0M	$58.4M	$62.1M	$62.5M
Prepaid expenses	$37.8M	$32.5M	$35.6M	$45.9M
Total current assets	$1.0B	$937.0M	$807.5M	$762.1M
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $15,470,662 in 2026 and $15,068,149 in 2025	$8.4B	$8.3B	$8.1B	$8.3B
Operating lease assets	$702.5M	$738.3M	$781.3M	$673.2M
Deferred charges and other assets	$114.0M	$95.0M	$58.3M	$56.7M
Total assets	$10.3B	$10.0B	$9.7B	$9.8B
Current maturities of long-term debt, finance lease	$2.6M	$2.5M	$918.0K	$910.0K
Accounts payable	$671.2M	$645.8M	$429.7M	$509.2M
Income taxes payable	$32.3M	$19.7M	$21.0M	$23.8M
Other taxes payable	$36.4M	$30.4M	$31.6M	$30.3M
Operating lease liabilities	$280.2M	$270.2M	$210.8M	$190.7M
Other accrued liabilities	$120.4M	$111.9M	$118.0M	$84.3M
Current asset retirement obligations	$59.2M	$53.6M	$45.9M	$70.1M
Total current liabilities	$1.2B	$1.1B	$857.7M	$909.3M
Long-term debt, including finance lease obligation	$1.5B	$1.5B	$1.4B	$1.5B
Asset retirement obligations	$981.4M	$972.5M	$1.0B	$980.1M
Deferred credits and other liabilities	$245.8M	$256.2M	$249.5M	$254.4M
Non-current operating lease liabilities	$433.1M	$479.2M	$582.1M	$494.6M
Deferred income taxes	$464.5M	$412.5M	$366.6M	$369.0M
Total liabilities	$4.9B	$4.8B	$4.5B	$4.5B
Cumulative Preferred Stock, par $100, authorized 400,000 shares, none issued	0	0	0	0
Common Stock, par $1.00, authorized 450,000,000 shares, issued 195,100,628 shares at June 30, 2026 and 195,100,628 shares at December 31, 2025	195.1M	195.1M	195.1M	195.1M
Capital in excess of par value	$844.7M	$837.3M	$851.0M	$841.8M
Retained earnings	$6.9B	$6.7B	$6.7B	$6.8B
Accumulated other comprehensive loss	($606.1M)	($576.6M)	($574.9M)	($537.8M)
Treasury stock	($2.1B)	($2.1B)	($2.1B)	($2.1B)
Murphy Shareholders' Equity	$5.3B	$5.1B	$5.1B	$5.2B
Noncontrolling interest	$144.2M	$134.0M	$128.3M	$158.7M
Total equity	$5.4B	$5.2B	$5.2B	$5.4B
Total liabilities and equity	$10.3B	$10.0B	$9.7B	$9.8B

Cash flow statement

Murphy Oil Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income including noncontrolling interest	$138.8M	$486.5M	$723.7M	$1.1B
Depreciation, depletion and amortization	$977.8M	$865.8M	$861.6M	$776.8M
Unsuccessful exploration well costs and previously suspended exploration costs	$30.1M	$73.2M	$169.8M	$82.1M
Deferred income tax expense	$34.7M	$72.4M	$179.8M	$286.1M
Impairment of assets	$115.0M	$62.9M	$0	$0
Accretion of asset retirement obligations	$57.7M	$52.5M	$46.1M	$46.2M
Long-term non-cash compensation	$45.1M	$45.1M	$62.0M	$89.2M
Amortization of undeveloped leases	$11.6M	$9.6M	$10.9M	$13.3M
(Income) loss from discontinued operations	($485.0K)	$2.8M	$1.5M	$2.1M
Unrealized (gain) loss on derivative instruments	($1.7M)	—	$0	—
Unrealized loss on contingent consideration	$0	$0	$7.1M	$78.3M
Other operating activities, net	($86.8M)	($18.3M)	($74.7M)	($34.2M)
Net decrease (increase) in non-cash working capital	($74.1M)	$74.9M	($99.4M)	($65.7M)
Net cash provided by continuing operations activities	$1.2B	$1.7B	$1.7B	$2.2B
Property additions and dry hole costs	($1.0B)	($908.2M)	($1.1B)	($985.5M)
Acquisition of oil and natural gas properties	($29.0M)	$0	($35.6M)	($128.5M)
Proceeds from sales of property, plant and equipment	$20.7M	$0	$102.9M	$4.5M
Net cash required by investing activities	($1.0B)	($908.2M)	($998.7M)	($1.1B)
Retirement of debt	$0	($650.1M)	($498.2M)	($647.7M)
Early redemption of debt cost	$0	($15.7M)	$0	($8.3M)
Debt issuance	$0	$600.0M	—	—
Debt issuance cost	$0	($10.1M)	($20.0K)	($14.4M)
Borrowings on revolving credit facility	$550.0M	$350.0M	$600.0M	$400.0M
Repayment of revolving credit facility	($450.0M)	($350.0M)	($600.0M)	($400.0M)
Issue costs of revolving credit facility	($418.0K)	($14.7M)	—	—
Repurchase of common stock	($102.6M)	($301.4M)	($150.0M)	—
Cash dividends paid	($186.2M)	($180.0M)	($171.0M)	($128.2M)
Distributions to noncontrolling interest	($63.8M)	($118.6M)	($29.4M)	($183.0M)
Withholding tax on stock-based incentive awards	($9.7M)	($25.3M)	($14.3M)	($17.6M)
Finance lease obligation payments	($1.2M)	($665.0K)	($622.0K)	($636.0K)
Contingent consideration payment	$0	$0	($139.6M)	—
Net cash required by financing activities	($264.1M)	($716.5M)	($923.7M)	($1.1B)
Effect of exchange rate changes on cash and cash equivalents	($1.2M)	$2.2M	($1.2M)	($3.9M)
Net increase (decrease) in cash and cash equivalents	($46.4M)	$106.5M	($174.9M)	($29.2M)
Cash and cash equivalents at beginning of period	$423.6M	$317.1M	$492.0M	$521.2M
Cash and cash equivalents at end of period	$377.2M	$423.6M	$317.1M	$492.0M

Murphy Oil Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income including noncontrolling interest	$332.2M	$68.7M	$116.2M	$124.5M
Depreciation, depletion and amortization	$516.5M	$254.4M	$736.9M	$453.5M
Unsuccessful exploration well costs and previously suspended exploration costs	$80.6M	$67.0M	$83.0K	($776.0K)
Deferred income tax expense	$92.5M	$36.9M	$23.3M	$21.2M
Accretion of asset retirement obligations	$29.4M	$14.5M	$43.2M	$28.5M
Long-term non-cash compensation	$25.7M	$15.4M	$28.5M	$22.0M
Amortization of undeveloped leases	$4.8M	$2.3M	$6.9M	$3.9M
(Income) loss from discontinued operations	$979.0K	$542.0K	($172.0K)	($669.0K)
Unrealized gain on derivative instruments	$0	$0	($3.9M)	—
Other operating activities, net	($65.1M)	($30.5M)	($47.4M)	($2.0K)
Net (increase) decrease in non-cash working capital	($40.5M)	($108.0M)	($20.5M)	$7.9M
Net cash provided by continuing operations activities	$977.1M	$321.2M	$998.2M	$658.7M
Property additions and dry hole costs	($866.2M)	($387.8M)	($827.0M)	($678.0M)
Acquisition of oil and natural gas properties	($23.5M)	($22.7M)	($24.4M)	($1.4M)
Net cash required by investing activities	($889.7M)	($410.5M)	($851.4M)	($679.4M)
Retirement of debt	($227.5M)	($227.5M)	$0	$0
Early redemption of debt cost	($2.4M)	($2.4M)	—	—
Debt issuance	$500.0M	$500.0M	—	—
Debt issuance cost	($7.8M)	($7.8M)	($18.0K)	($18.0K)
Borrowings on revolving credit facility	$425.0M	$175.0M	$475.0M	$350.0M
Repayment of revolving credit facility	($525.0M)	($275.0M)	($325.0M)	($150.0M)
Issue costs of revolving credit facility	($12.3M)	($12.2M)	—	—
Repurchase of common stock, including excise tax	($777.0K)	($777.0K)	($102.6M)	($102.6M)
Cash dividends paid	($100.3M)	($50.2M)	($139.8M)	($93.4M)
Distributions to noncontrolling interest	($21.2M)	$0	($43.2M)	($18.2M)
Withholding tax on stock-based incentive awards	($7.8M)	($7.8M)	($7.7M)	($7.7M)
Finance lease obligation payments	($870.0K)	($419.0K)	($543.0K)	($486.0K)
Net cash provided (required) by financing activities	$19.0M	$90.9M	($143.9M)	($22.4M)
Effect of exchange rate changes on cash and cash equivalents	$213.0K	$0	($499.0K)	($888.0K)
Net increase (decrease) in cash and cash equivalents	$106.7M	$1.6M	$2.4M	($43.9M)
Cash and cash equivalents at beginning of period	$377.2M	$377.2M	$423.6M	$423.6M
Cash and cash equivalents at end of period	$483.9M	$378.8M	$426.0M	$379.6M

Murphy Oil Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.