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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues and other income    
Total revenue from sales to customers $ 794,848 $ 839,968
Gain on sale of assets and other income 1,564 1,748
Total revenues and other income 796,412 841,716
Costs and expenses    
Lease operating expenses 234,264 199,984
Severance and ad valorem taxes 10,086 11,440
Transportation, gathering and processing 56,553 53,922
Costs of purchased natural gas 160 32,269
Exploration expenses, including undeveloped lease amortization 44,429 10,182
Selling and general expenses 31,161 18,308
Depreciation, depletion and amortization 211,134 195,670
Accretion of asset retirement obligations 12,774 11,157
Other operating expense 7,266 11,988
Impairment of assets 34,528 0
Total costs and expenses 642,355 544,920
Operating income from continuing operations 154,057 296,796
Other loss    
Other income (loss) 11,551 (73)
Interest expense, net (20,021) (28,855)
Total other loss (8,470) (28,928)
Income from continuing operations before income taxes 145,587 267,868
Income tax expense 30,057 53,833
Income from continuing operations 115,530 214,035
(Loss) gain from discontinued operations, net of income taxes (872) 279
Net income including noncontrolling interest 114,658 214,314
Less: Net income attributable to noncontrolling interest 24,656 22,670
NET INCOME ATTRIBUTABLE TO MURPHY $ 90,002 $ 191,644
INCOME (LOSS) PER COMMON SHARE – BASIC    
Continuing operations (in USD per share) $ 0.60 $ 1.23
Discontinued operations (in USD per share) (0.01) 0
Net income (in USD per share) 0.59 1.23
INCOME (LOSS) PER COMMON SHARE – DILUTED    
Continuing operations (in USD per share) 0.60 1.22
Discontinued operations (in USD per share) (0.01) 0
Net income (in USD per share) 0.59 1.22
Cash dividends per common share (in USD per share) $ 0.300 $ 0.275
Average common shares outstanding    
Basic (in shares) 152,664,422 155,856,509
Diluted (in shares) 153,816,626 157,388,566
Revenue from production    
Revenues and other income    
Total revenue from sales to customers $ 794,603 $ 796,231
Sales of purchased natural gas    
Revenues and other income    
Total revenue from sales to customers $ 245 $ 43,737