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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues and other income        
Total revenue from sales to customers $ 1,166,409 $ 687,549 $ 3,234,021 $ 2,038,905
Gain (Loss) on derivative instruments 115,191 (59,164) (308,654) (499,794)
Gain on sale of assets and other income 21,825 2,315 32,076 21,217
Total revenues and other income 1,303,425 630,700 2,957,443 1,560,328
Costs and expenses        
Lease operating expenses 198,710 130,131 482,887 403,708
Severance and ad valorem taxes 15,140 11,670 47,340 32,215
Transportation, gathering and processing 55,348 44,588 152,219 137,196
Costs of purchased natural gas 43,622 0 125,258 0
Exploration expenses, including undeveloped lease amortization 9,491 24,517 72,208 49,840
Selling and general expenses 29,348 27,210 90,007 85,826
Depreciation, depletion and amortization 214,521 189,806 574,501 615,372
Accretion of asset retirement obligations 11,286 12,198 34,725 34,854
Impairment of assets 0 0 0 171,296
Other operating (income) expense (27,129) (32,791) 115,726 58,616
Total costs and expenses 550,337 407,329 1,694,871 1,588,923
Operating income (loss) from continuing operations 753,088 223,371 1,262,572 (28,595)
Other income (loss)        
Other income (expense) 18,301 (1,593) 21,114 (11,459)
Interest expense, net (37,440) (46,925) (116,102) (178,399)
Total other loss (19,139) (48,518) (94,988) (189,858)
Income (loss) from continuing operations before income taxes 733,949 174,853 1,167,584 (218,453)
Income tax expense (benefit) 159,451 36,838 247,574 (62,498)
Income (loss) from continuing operations 574,498 138,015 920,010 (155,955)
Loss from discontinued operations, net of income taxes (422) (706) (1,916) (600)
Net income (loss) including noncontrolling interest 574,076 137,309 918,094 (156,555)
Less: Net income attributable to noncontrolling interest 45,648 28,853 152,445 85,509
NET INCOME (LOSS) ATTRIBUTABLE TO MURPHY $ 528,428 $ 108,456 $ 765,649 $ (242,064)
INCOME (LOSS) PER COMMON SHARE – BASIC        
Continuing operations (in USD per share) $ 3.40 $ 0.70 $ 4.94 $ (1.57)
Discontinued operations (in USD per share) 0 0 (0.01) 0
Net income (loss) (in USD per share) 3.40 0.70 4.93 (1.57)
INCOME (LOSS) PER COMMON SHARE – DILUTED        
Continuing operations (in USD per share) 3.36 0.70 4.87 (1.57)
Discontinued operations (in USD per share) 0 0 (0.01) 0
Net income (loss) (in USD per share) 3.36 0.70 4.86 (1.57)
Cash dividends per Common share (in USD per share) $ 0.250 $ 0.125 $ 0.575 $ 0.375
Average Common shares outstanding (thousands)        
Basic (in shares) 155,446,201 154,439,313 155,220,945 154,239,440
Diluted (in shares) 157,336,173 155,932,262 157,406,902 154,239,440
Revenue from production        
Revenues and other income        
Total revenue from sales to customers $ 1,120,909 $ 687,549 $ 3,101,736 $ 2,038,905
Sales of purchased natural gas        
Revenues and other income        
Total revenue from sales to customers $ 45,500 $ 0 $ 132,285 $ 0