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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues and other income    
Total revenue from sales to customers $ 672,730,000 $ 794,848,000
(Loss) on derivative instruments (9,459,000) 0
Gain on sale of assets and other operating income 2,440,000 1,564,000
Total revenues and other income 665,711,000 796,412,000
Costs and expenses    
Lease operating expenses 205,079,000 234,264,000
Severance and ad valorem taxes 8,650,000 10,086,000
Transportation, gathering and processing 48,851,000 56,553,000
Costs of purchased natural gas 0 160,000
Exploration expenses, including undeveloped lease amortization 14,488,000 44,429,000
Selling and general expenses 30,915,000 31,161,000
Depreciation, depletion and amortization 194,160,000 211,134,000
Accretion of asset retirement obligations 14,045,000 12,774,000
Impairment of assets 0 34,528,000
Other operating expense 5,629,000 7,266,000
Total costs and expenses 521,817,000 642,355,000
Operating income from continuing operations 143,894,000 154,057,000
Other income (loss)    
Other income 2,402,000 11,551,000
Interest expense, net (23,523,000) (20,021,000)
Total other loss (21,121,000) (8,470,000)
Income from continuing operations before income taxes 122,773,000 145,587,000
Income tax expense 32,722,000 30,057,000
Income from continuing operations 90,051,000 115,530,000
Loss from discontinued operations, net of income taxes (633,000) (872,000)
Net income including noncontrolling interest 89,418,000 114,658,000
Less: Net income attributable to noncontrolling interest 16,382,000 24,656,000
NET INCOME ATTRIBUTABLE TO MURPHY $ 73,036,000 $ 90,002,000
NET INCOME (LOSS) PER COMMON SHARE – BASIC    
Continuing operations (in USD per share) $ 0.51 $ 0.60
Discontinued operations (in USD per share) 0 (0.01)
Net income (in USD per share) 0.51 0.59
NET INCOME (LOSS) PER COMMON SHARE – DILUTED    
Continuing operations (in USD per share) 0.50 0.60
Discontinued operations (in USD per share) 0 (0.01)
Net income (in USD per share) 0.50 0.59
Cash dividends per common share (in USD per share) $ 0.325 $ 0.300
Average common shares outstanding    
Basic (in shares) 144,283,946 152,664,422
Diluted (in shares) 145,072,088 153,816,626
Revenue from production    
Revenues and other income    
Total revenue from sales to customers $ 672,730,000 $ 794,603,000
Sales of purchased natural gas    
Revenues and other income    
Total revenue from sales to customers $ 0 $ 245,000