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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues and other income    
Total revenue from sales to customers $ 839,968 $ 871,374
Loss on derivative instruments 0 (320,777)
Gain on sale of assets and other income 1,748 2,364
Total revenues and other income 841,716 552,961
Costs and expenses    
Lease operating expenses 199,984 136,825
Severance and ad valorem taxes 11,440 14,635
Transportation, gathering and processing 53,922 46,923
Costs of purchased natural gas 32,269 33,665
Exploration expenses, including undeveloped lease amortization 10,182 47,566
Selling and general expenses 18,308 33,529
Depreciation, depletion and amortization 195,670 164,124
Accretion of asset retirement obligations 11,157 11,876
Other operating expense 11,988 105,942
Total costs and expenses 544,920 595,085
Operating income (loss) from continuing operations 296,796 (42,124)
Other income (loss)    
Other expenses (73) (2,495)
Interest expense, net (28,855) (37,277)
Total other loss (28,928) (39,772)
Income (loss) from continuing operations before income taxes 267,868 (81,896)
Income tax expense (benefit) 53,833 (16,961)
Income (loss) from continuing operations 214,035 (64,935)
Income (loss) from discontinued operations, net of income taxes 279 (551)
Net income (loss) including noncontrolling interest 214,314 (65,486)
Less: Net income attributable to noncontrolling interest 22,670 47,850
NET INCOME (LOSS) ATTRIBUTABLE TO MURPHY $ 191,644 $ (113,336)
INCOME (LOSS) PER COMMON SHARE – BASIC    
Continuing operations (in USD per share) $ 1.23 $ (0.73)
Discontinued operations (in USD per share) 0 0
Net income (loss) (in USD per share) 1.23 (0.73)
INCOME (LOSS) PER COMMON SHARE – DILUTED    
Continuing operations (in USD per share) 1.22 (0.73)
Discontinued operations (in USD per share) 0 0
Net income (loss) (in USD per share) 1.22 (0.73)
Cash dividends per common share (in USD per share) $ 0.275 $ 0.15
Average common shares outstanding    
Basic (in shares) 155,856,509 154,916,004
Diluted (in shares) 157,388,566 154,916,004
Revenue from production    
Revenues and other income    
Total revenue from sales to customers $ 796,231 $ 834,528
Sales of purchased natural gas    
Revenues and other income    
Total revenue from sales to customers $ 43,737 $ 36,846