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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues and other income    
Total revenue from sales to customers $ 871,374 $ 592,527
Loss on crude contracts (320,777) (214,385)
Gain on sale of assets and other income 2,364 1,843
Total revenues and other income 552,961 379,985
Costs and expenses    
Lease operating expenses 136,825 147,164
Severance and ad valorem taxes 14,635 9,231
Transportation, gathering and processing 46,923 42,912
Costs of purchased natural gas 33,665 0
Exploration expenses, including undeveloped lease amortization 47,566 11,780
Selling and general expenses 33,529 29,503
Depreciation, depletion and amortization 164,124 198,278
Accretion of asset retirement obligations 11,876 10,492
Impairment of assets 0 171,296
Other operating expense 105,942 21,079
Total costs and expenses 595,085 641,735
Operating loss from continuing operations (42,124) (261,750)
Other income (loss)    
Other expense (2,495) (5,341)
Interest expense, net (37,277) (88,100)
Total other loss (39,772) (93,441)
Loss from continuing operations before income taxes (81,896) (355,191)
Income tax benefit (16,961) (88,159)
Loss from continuing operations (64,935) (267,032)
(Loss) income from discontinued operations, net of income taxes (551) 208
Net loss including noncontrolling interest (65,486) (266,824)
Less: Net income attributable to noncontrolling interest 47,850 20,614
NET LOSS ATTRIBUTABLE TO MURPHY $ (113,336) $ (287,438)
LOSS PER COMMON SHARE – BASIC    
Continuing operations (in USD per share) $ (0.73) $ (1.87)
Discontinued operations (in USD per share) 0 0
Net loss (in USD per share) (0.73) (1.87)
LOSS PER COMMON SHARE – DILUTED    
Continuing operations (in USD per share) (0.73) (1.87)
Discontinued operations (in USD per share) 0 0
Net loss (in USD per share) (0.73) (1.87)
Cash dividends per Common share (in USD per share) $ 0.15 $ 0.125
Average Common shares outstanding (thousands)    
Basic (in shares) 154,916,004 153,952,552
Diluted (in shares) 154,916,004 153,952,552
Revenue from production    
Revenues and other income    
Total revenue from sales to customers $ 834,528 $ 592,527
Sales of purchased natural gas    
Revenues and other income    
Total revenue from sales to customers $ 36,846 $ 0