Murphy Oil Corporation announced net income attributable to Murphy of $22.3 million, or $0.16 per diluted share, for the second quarter ended June 30, 2025. Adjusted net income was $38.5 million, or $0.27 per diluted share.
Total production averaged 189.7 thousand barrels of oil equivalent per day (MBOEPD), exceeding the high end of the company's guidance range of 177.0 to 185.0 MBOEPD. This outperformance was driven by earlier online dates and higher initial production rates from new onshore wells in Tupper Montney and Eagle Ford Shale.
Realized oil prices were $64.31 per barrel, down $7.89 from Q1, and natural gas prices were $1.88 per thousand cubic feet, down $0.79 from Q1, significantly impacting net income. The company maintained its full-year 2025 capital expenditure guidance of $1,135 million to $1,285 million, excluding a small Eagle Ford Shale acquisition.
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