MUR - Murphy Oil Non-GAAP EPS of $1.10 misses by $0.02 revenue of $986.12M beats by $150.5M
- Murphy Oil press release ( NYSE: MUR ): Q4 Non-GAAP EPS of $1.10 misses by $0.02 .
- Revenue of $986.12M (+29.4% Y/Y) beats by $150.5M .
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The 2023 CAPEX plan is expected to be in the range of $875 million to $1.025 billion. Full year 2023 production is expected to be in the range of 175.5 to 183.5 MBOEPD, consisting of approximately 99 MBOPD oil and 109 MBOEPD liquids volumes, equating to 55 percent oil and 61 percent liquids volumes, respectively. This reflects a 10 percent increase in oil volumes and 7 percent increase in total volumes from full year 2022.
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Production for first quarter 2023 is estimated to be in the range of 161 to 169 MBOEPD with 92 MBOPD, or 56 percent, oil volumes. This range is impacted by planned downtime of approximately 7.1 MBOEPD, consisting of 2.0 MBOEPD of operated offshore downtime, 2.5 MBOEPD of non-operated offshore downtime and 2.6 MBOEPD of onshore downtime. Both production and CAPEX guidance ranges exclude Gulf of Mexico NCI.
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Murphy Oil Non-GAAP EPS of $1.10 misses by $0.02, revenue of $986.12M beats by $150.5M