MUR - Murphy Oil Non-GAAP EPS of $0.73 beats by $0.12 revenue of $552.96M misses by $108.44M; reaffirms FY22 guidance

Murphy Oil press release (NYSE:MUR): Q1 Non-GAAP EPS of $0.73 beats by $0.12. Revenue of $552.96M (+45.5% Y/Y) misses by $108.44M. Produced 141 thousand barrels of oil equivalent per day, with 60 percent liquids volumes, due to strong operational performance across oil-weighted assets. Generated $409M of adjusted earnings before interest, tax, depreciation, amortization and exploration, or $32.54 per barrel of oil equivalent sold. First quarter production was at the high end of the guidance range due to strong well performance in oil-weighted assets, and averaged 141 thousand barrels of oil equivalent per day (MBOEPD) with 53 percent oil and 60 percent liquids.  Murphy is revising its 2022 CAPEX guidance, with a 7 percent increase in the midpoint and an adjusted range of $900 million to $950 million. The full year 2022 production guidance range remains unchanged at 164 to 172 MBOEPD. Second quarter 2022 production is estimated to be in

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Murphy Oil Non-GAAP EPS of $0.73 beats by $0.12, revenue of $552.96M misses by $108.44M; reaffirms FY22 guidance