MUR - Why Murphy Oil Shares Are Down Despite Dividend Boost | Benzinga
Murphy Oil Corp (NYSE:MUR) shares are trading lower after it reported fourth-quarter adjusted EPS of $0.90, lower than $1.10 a year ago, missing the consensus of $0.99.
Revenues of $844.2 million missed the consensus of $856.0 million. Production averaged 185 MBOEPD (up from 174 MBOEPD a year ago), comprising oil volumes of 94 MBOPD in the quarter.
Production was in-line with guidance, with slightly lower Gulf of Mexico and Eagle Ford Shale production partly offset by lower realized royalty rates in the Tupper Montney asset.
Adjusted earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX) stood at $496 million, down from $504 million ...