Murphy Oil (MUR) Q3 FY2026 earnings: revenue $855 million, up 16.6% on the year

Murphy Oil Corp. (MUR) reported revenue of $855 million for Q3 FY2026, the quarter ended 30 September 2026, up 16.6% on the same quarter a year earlier. Net income was $171 million, and diluted earnings per share $1.17. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$855 million

+16.6% on the year · -7.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

30.0%

0.8% a year earlier

Q4 FY2024Q3 FY2026

Net income

$171 million

-26.3% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$1.17

-26.4% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised, 1 lowered, 3 new, 1 kept.

Production above quarterly guidance: Net production was 186,495 BOEPD excluding NCI, against quarterly guidance of 171,000 to 179,000 BOEPD. Management attributed this to Eagle Ford activity, well performance, lower Tupper Montney royalties and minimal storm downtime.
Net income and diluted EPS: Net income attributable to Murphy was $171.1 million, or $1.17 per diluted share, against a loss of $3.0 million in 3Q 2025. Adjusted net income from continuing operations was $158.4 million, or $1.08 per diluted share.
Adjusted EBITDAX rose year on year: Adjusted EBITDAX attributable to Murphy was $543.9 million, against $423.1 million in 3Q 2025. Net cash provided by continuing operations activities was $540.5 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	855	928	733	-7.9%	+16.6%
Cost of revenue	n/a	n/a	0.0
Gross profit	n/a	n/a	733
Gross margin	n/a	n/a	100.0%
Selling, general and administrative	40.5	38.7	30.9	+4.8%	+31.4%
Operating income	256	355	5.8	-27.7%	+4,327.5%
Operating margin	30.0%	38.2%	0.8%
Interest expense	24.2	24.9	24.7	-2.9%	-2.1%
Pre-tax income	235	341	-3.7	-31.0%
Income tax	39.4	77.0	4.2	-48.9%	+846.7%
Effective tax rate	16.7%	22.6%	n/a
Net income	171	232	-3.0	-26.3%
Net margin	20.0%	25.0%	-0.4%
Diluted EPS	$1.17	$1.59	-$0.02	-26.4%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	541	656	339	-17.6%	+59.2%
Cash from investing	-472	-479	-172
Cash from financing	-51.9	-71.8	-122
Depreciation and amortisation	271	262	283	+3.6%	-4.2%
Share-based compensation	13.8	8.9	13.1	+55.7%	+5.2%
Buybacks	0.0	0.0	0.0
Dividends paid	50.2	50.2	46.4	+0.0%	+8.2%
Dividend per share	$0.35	$0.35	$0.33	0.0%	+7.7%
Diluted shares, weighted	146m	146m	143m	-0.0%	+2.4%
Shares outstanding at period end	143m	143m	143m	+0.0%	+0.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	5,385	5,259	5,121	+2.4%	+5.1%
Non-controlling interest	169	144	128	+16.9%	+31.4%
Debt	1,540	1,548	1,425	-0.5%	+8.0%
Operating lease liabilities	424	433	582	-2.0%	-27.1%
Other liabilities	2,964	2,894	2,476	+2.4%	+19.7%
Total liabilities and equity	10,481	10,278	9,733	+2.0%	+7.7%
Fixed assets	8,712	8,435	8,086	+3.3%	+7.7%
Cash and equivalents	500	484	426	+3.4%	+17.5%
Receivables	459	443	284	+3.6%	+61.9%
Inventory	64.0	62.0	62.1	+3.2%	+2.9%
Other assets	746	854	875	-12.7%	-14.8%
Total assets	10,481	10,278	9,733	+2.0%	+7.7%

Questions

What was Murphy Oil's revenue in Q3 FY2026?

Murphy Oil (MUR) reported revenue of $855 million for Q3 FY2026, the quarter ended 30 September 2026, up 16.6% on the same quarter a year earlier.

How much did Murphy Oil earn in Q3 FY2026?

Net income for Q3 FY2026 was $171 million, and diluted earnings per share $1.17.

When did Murphy Oil report Q3 FY2026 results?

Murphy Oil filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	739	553	1,101	1,303	975	842	815	960	842	796	803	758	670	666	696	733	625	734	928	855
Cost of revenue	0.0	33.7	48.0	43.6	46.7	32.3	9.7	5.5	4.3	0.2	3.0	0.0	0.0	0.0	0.0	0.0	0.0	n/a	n/a	n/a
Gross profit	739	519	1,053	1,260	928	809	805	954	838	796	800	758	670	666	696	733	625	n/a	n/a	n/a
Gross margin	100%	94%	96%	97%	95%	96%	99%	99%	99%	100%	100%	100%	100%	100%	100%	100%	100%	n/a	n/a	n/a
SG&A	36.1	33.5	27.1	29.3	41.1	18.3	25.3	30.7	42.9	31.2	22.9	24.9	31.2	30.9	36.9	30.9	38.6	34.9	38.7	40.5
Operating income	310	-42.1	552	753	324	297	165	378	203	154	184	179	85.2	144	92.2	5.8	59.3	138	355	256
Operating margin	42%	-8%	50%	58%	33%	35%	20%	39%	24%	19%	23%	24%	13%	22%	13%	1%	10%	19%	38%	30%
Interest expense	43.4	37.3	41.4	37.4	34.7	28.9	29.9	30.0	23.7	20.0	21.0	21.3	43.7	23.5	25.1	24.7	22.8	29.0	24.9	24.2
Pre-tax income	261	-81.9	516	734	283	268	127	356	170	146	190	154	78.6	123	34.9	-3.7	28.9	119	341	235
Tax rate	22%	n/a	20%	22%	22%	20%	27%	22%	17%	21%	17%	1%	17%	27%	3%	n/a	23%	42%	23%	17%
Net income	168	-113	351	528	199	192	98.3	255	116	90.0	128	139	50.3	73.0	22.3	-3.0	11.9	53.0	232	171
Net margin	23%	-20%	32%	41%	20%	23%	12%	27%	14%	11%	16%	18%	8%	11%	3%	-0%	2%	7%	25%	20%
Diluted EPS	$1.08	-$0.73	$2.23	$3.36	$1.26	$1.22	$0.62	$1.63	$0.75	$0.59	$0.83	$0.93	$0.34	$0.50	$0.16	-$0.02	$0.08	$0.37	$1.59	$1.17
Operating cash flow	331	338	621	705	502	280	470	456	543	399	468	429	434	301	358	339	250	321	656	541
Buybacks	n/a	n/a	n/a	n/a	n/a	0.0	0.0	75.0	75.0	50.0	55.9	194	1.2	100	2.5	0.0	0.0	0.8	0.0	0.0
Dividends paid	19.3	23.3	27.2	38.9	38.9	42.9	42.9	42.8	42.3	45.8	45.8	44.7	43.8	47.0	46.4	46.4	46.4	50.2	50.2	50.2
Shares outstanding	154m	155m	155m	155m	155m	156m	156m	154m	153m	153m	151m	146m	146m	143m	143m	143m	143m	143m	143m	143m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.