MUR - Murphy Oil Non-GAAP EPS of $1.84 beats by $0.23 revenue of $1.3B beats by $325.09M
- Murphy Oil press release ( NYSE: MUR ): Q3 Non-GAAP EPS of $1.84 beats by $0.23 .
- Revenue of $1.3B (+106.1% Y/Y) beats by $325.09M .
- Production for the third quarter averaged 188.5 MBOEPD with 51 percent oil and 57 percent liquids, bove the top end of guidance.
- The company announced the redemption of $200M of 5.75 percent senior notes due 2025, which when completed will achieve the top-end 2022 debt reduction goal of $650M.
- “By the end of this year, we will have reduced our total debt to approximately $1.8 billion,” stated Jenkins. “Upon reaching this goal, we can begin Murphy 2.0 of our capital allocation framework in 2023, allowing us to allocate 25 percent of adjusted free cash flow 2 to shareholder returns through share repurchases and dividend increases.”
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Murphy Oil Non-GAAP EPS of $1.84 beats by $0.23, revenue of $1.3B beats by $325.09M