Murphy Oil (MUR) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Murphy Oil published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Murphy Oil reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, continuing operations (non-GAAP), which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Revenue on this page is Murphy's total revenues and other income, which includes $849.2 million of revenue from production plus gains on asset sales and other operating income. GAAP figures include the 20% noncontrolling interest in MP Gulf of Mexico, LLC; net income and EPS are attributable to Murphy.
• Q3 2025 results included a $115.0 million impairment charge related to the Dalmatian field.

Source: Murphy Oil Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Murphy Oil splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Murphy Oil's Exploration and production: United States revenue was $682 million in Q3 2026, up 11% from $614 million in Q3 2025, 80% of total revenue.
• Murphy Oil's Exploration and production: Canada revenue was $170 million in Q3 2026, up 57% from $108 million in Q3 2025, 20% of total revenue.
• Murphy Oil's Corporate revenue was $3.7 million in Q3 2026, down 67% from $11.2 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Murphy guides production, capital spending and costs, not revenue or earnings. The second and fourth quotes are from the Quarterly Stockholder Update furnished with the release.

In its Q3 2026 release, Murphy Oil said:

“The Company is raising its full year 2026 production range to 176,000 to 178,000 BOEPD, consisting of approximately 48 percent oil and 54 percent liquids volumes.”

“Looking to the fourth quarter, we expect production of 174,000 to 182,000 BOEPD.”

“Full-year 2026 CAPEX guidance remains at a midpoint of $1.55 billion, consistent with what we communicated in our second quarter update.”

“we expect full-year LOE toward the lower end of our previously guided $10 to $12 per BOE range”

Source: Murphy Oil Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the MUR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and other income and GAAP diluted EPS (net income attributable to Murphy), each as first reported in that quarter's release. Murphy reports in thousands; revenue is shown in millions.

Murphy Oil's next report is expected around January 27, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Murphy Oil sells crude oil, natural gas liquids and natural gas from onshore wells in the Eagle Ford Shale, Tupper Montney and Kaybob Duvernay and from offshore fields in the Gulf of America and off eastern Canada. Oil makes up most of Murphy's revenue. In Q3 2026 United States oil revenue was $633.4 million and Canada oil revenue $97.6 million, out of $849.2 million of revenue from production. (Murphy Oil Form 10-Q, Q3 2026, Nov 4, 2026; Murphy Oil Q3 2026 release, Nov 4, 2026)

Murphy's revenue from production rose $128.2 million from a year earlier, primarily because of higher realized oil prices in the U.S. and Canada, according to the 10-Q. Murphy realized $89.35 per barrel of oil, and its U.S. offshore oil price was $89.38 against $67.00 a year earlier. The stockholder letter says Murphy was unhedged on oil and captured the full benefit of those prices. (Murphy Oil Form 10-Q, Q3 2026, Nov 4, 2026; Murphy Oil Quarterly Stockholder Update, Q3 2026, Nov 4, 2026; Murphy Oil Q3 2026 release, Nov 4, 2026)

Murphy's production excluding the noncontrolling interest was 186,495 barrels of oil equivalent per day, against 200,383 a year earlier, with lower output from the Eagle Ford Shale because fewer new wells came online and natural decline in the Gulf of America. Q3 production was still above Murphy's quarterly guidance of 171,000 to 179,000 BOEPD. For 2025 as a whole Murphy produced 188,682 BOEPD, and its 10-K puts proved undeveloped reserves at approximately 311.1 MMBOE, 43% of total proved reserves. (Murphy Oil Q3 2026 release, Nov 4, 2026; Murphy Oil Form 10-Q, Q3 2026, Nov 4, 2026; Murphy Oil Form 10-K, 2025, Feb 25, 2026)

Most of Murphy's natural gas comes from Tupper Montney in Canada, where prices are low. Canada onshore gas output was 464,262 thousand cubic feet per day and Canadian gas revenue was $69.7 million, at a realized $1.63 per thousand cubic feet that the stockholder letter ties to weak AECO benchmark pricing. (Murphy Oil Q3 2026 release, Nov 4, 2026; Murphy Oil Form 10-Q, Q3 2026, Nov 4, 2026; Murphy Oil Quarterly Stockholder Update, Q3 2026, Nov 4, 2026)

Murphy Oil earned $1.17 per diluted share in Q3 2026 on net income attributable to Murphy of $171.1 million, against a loss of $0.02 a year earlier, when results included a $115.0 million impairment of the Dalmatian field. Adjusted EPS from continuing operations was $1.08, lower than GAAP because the adjustments remove a $1.5 million foreign exchange gain and an $11.8 million tax benefit on investments in foreign areas. (Murphy Oil Q3 2026 release, Nov 4, 2026; Murphy Oil Form 10-Q, Q3 2026, Nov 4, 2026)

Murphy's effective tax rate was 16.7%, below the 21% U.S. statutory rate, mainly because of a deduction for prior years' Australia exploration spending that produced an $11.9 million tax benefit. Lease operating expenses fell to $149.2 million from $184.4 million, and exploration expenses were $33.1 million. (Murphy Oil Form 10-Q, Q3 2026, Nov 4, 2026; Murphy Oil Q3 2026 release, Nov 4, 2026)

Murphy did not repurchase shares in Q3 2026, leaving $550 million under its authorization, and paid $50 million of dividends at $0.350 per share. Diluted shares averaged 146,123 thousand, against 142,731 thousand a year earlier, and 143.4 million shares were outstanding at September 30, 2026. (Murphy Oil Q3 2026 release, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Murphy Oil does not guide revenue or EPS. Its release gives production, capital spending and exploration expense guidance: with Q3 2026 it raised full-year production to 176,000 to 178,000 BOEPD, a 6,000 BOEPD increase at the midpoint, guided Q4 production of 174,000 to 182,000 BOEPD and kept full-year capital expenditures at $1,500 to $1,600 million excluding the noncontrolling interest. (Murphy Oil Q3 2026 release, Nov 4, 2026; Murphy Oil Quarterly Stockholder Update, Q3 2026, Nov 4, 2026)

The stockholder letter says lower Q4 volumes reflect the timing of onshore well deliveries and higher Tupper Montney gas royalties, and that Hurricane Isaias cut the Q4 outlook by approximately 3,700 BOEPD. It expects the Lac Da Vang project offshore Vietnam, which produced first oil on September 27, to contribute approximately 3 to 5 MBOEPD in 2027. (Murphy Oil Quarterly Stockholder Update, Q3 2026, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Murphy Oil, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Murphy Oil's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MUR is on is MUR a buy or a sell?, what analysts expect next is on the MUR forecast, and what the company does is on the Murphy Oil (MUR) stock page.

Every number on this page can be traced to a document Murphy Oil published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.