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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues and other income        
Total revenue from sales to customers $ 720,966,000 $ 753,169,000 $ 2,076,761,000 $ 2,349,024,000
Gain (loss) on derivative instruments 5,722,000 (1,344,000) 7,071,000 (1,344,000)
Gain on sale of assets and other operating income 6,297,000 6,506,000 10,434,000 9,834,000
Total revenues and other income 732,985,000 758,331,000 2,094,266,000 2,357,514,000
Costs and expenses        
Lease operating expenses 184,353,000 222,886,000 604,986,000 716,778,000
Severance and ad valorem taxes 12,288,000 10,503,000 31,766,000 31,006,000
Transportation, gathering and processing 48,146,000 47,438,000 151,067,000 157,461,000
Costs of purchased natural gas 0 0 0 3,147,000
Exploration expenses, including undeveloped lease amortization 32,502,000 31,284,000 57,389,000 118,390,000
Selling and general expenses 30,858,000 24,871,000 98,692,000 78,925,000
Depreciation, depletion and amortization 283,465,000 223,632,000 736,949,000 650,309,000
Accretion of asset retirement obligations 14,676,000 13,241,000 43,153,000 39,068,000
Impairment of assets 115,002,000 0 115,002,000 34,528,000
Other operating expense 5,902,000 5,450,000 13,364,000 10,497,000
Total costs and expenses 727,192,000 579,305,000 1,852,368,000 1,840,109,000
Operating income from continuing operations 5,793,000 179,026,000 241,898,000 517,405,000
Other income (loss)        
Other income (loss) 15,271,000 (3,926,000) (14,631,000) 33,870,000
Interest expense, net (24,726,000) (21,258,000) (73,302,000) (62,265,000)
Total other loss (9,455,000) (25,184,000) (87,933,000) (28,395,000)
Income (loss) from continuing operations before income taxes (3,662,000) 153,842,000 153,965,000 489,010,000
Income tax expense 4,157,000 2,122,000 37,911,000 64,855,000
Income (loss) from continuing operations (7,819,000) 151,720,000 116,054,000 424,155,000
Income (loss) from discontinued operations, net of income taxes (497,000) (608,000) 172,000 (2,123,000)
Net income (loss) including noncontrolling interest (8,316,000) 151,112,000 116,226,000 422,032,000
Less: Net income (loss) attributable to noncontrolling interest (5,343,000) 12,018,000 23,883,000 65,197,000
NET INCOME (LOSS) ATTRIBUTABLE TO MURPHY $ (2,973,000) $ 139,094,000 $ 92,343,000 $ 356,835,000
NET INCOME (LOSS) PER COMMON SHARE – BASIC        
Continuing operations (in USD per share) $ (0.02) $ 0.93 $ 0.64 $ 2.37
Discontinued operations (in USD per share) 0 0 0 (0.01)
Net income (loss) (in USD per share) (0.02) 0.93 0.64 2.36
NET INCOME (LOSS) PER COMMON SHARE – DILUTED        
Continuing operations (in USD per share) (0.02) 0.93 0.64 2.35
Discontinued operations (in USD per share) 0 0 0 (0.01)
Net income (loss) (in USD per share) (0.02) 0.93 0.64 2.34
Cash dividends per common share (in USD per share) $ 0.325 $ 0.300 $ 0.975 $ 0.900
Average common shares outstanding (thousands)        
Basic (in shares) 142,730,808 149,384,354 143,245,219 151,400,726
Diluted (in shares) 142,730,808 150,352,782 143,975,510 152,437,379
Revenue from production        
Revenues and other income        
Total revenue from sales to customers $ 720,966,000 $ 753,169,000 $ 2,076,761,000 $ 2,345,282,000
Sales of purchased natural gas        
Revenues and other income        
Total revenue from sales to customers $ 0 $ 0 $ 0 $ 3,742,000