Filing Flows › Energy › Murphy Oil (MUR)
Murphy Oil (MUR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Murphy Oil (MUR) Q3 2026 earnings results →
Q3 2026 Revenue up 17% year over year to $855M · 20¢ of every $1 of revenue kept as net profit · operating margin 30.0%
Murphy Oil made $855M in Q3 2026 (+17% Y/Y): Net crude oil and condensate revenue $731M, Net natural gas revenue $92.3M, Net natural gas liquids revenue $25.9M. Operating margin 30.0%, net earnings $171M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $855.0M in Q3 2026, up 17% year over year and down 8% from the previous quarter. Net crude oil and condensate revenue was the largest line at 86% of revenue. Net crude oil and condensate revenue added $111.6M year over year (up 18%), 92% of the total change.
Operating profit was $256.5M, a 30.0% margin (up 29.2 points year over year). Of the extra revenue versus Q3 2025, 206% reached operating profit, above the 1% margin then. Total costs fell 18% while revenue rose 17%. The fastest-growing cost line was SG&A (+31%). Net earnings were $171.1M. The effective tax rate was 16.7%.
Operating cash flow was $540.5M (up 59% year over year), 276% of net income including minority interests. Non-cash charges added back $271.4M of depreciation and amortization and $13.8M of share-based compensation. Working capital and other items added $59.7M. Capital expenditures of $5.1M left free cash flow of $535.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $855M | +17% | 30.0% | $171M | $541M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $928M | +34% | 38.2% | $232M | $656M |
| Q1 2026 | 10-Q | May 6, 2026 | $734M | +10% | 18.8% | $53.0M | $321M |
| Q4 2025 | 10-K | Feb 25, 2026 | $625M | -7% | 9.5% | $11.9M | $250M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $733M | -3% | 0.8% | −$8.3M | $339M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $696M | -13% | 13.3% | $22.3M | $358M |
| Q1 2025 | 10-Q | May 7, 2025 | $666M | -16% | 21.6% | $73.0M | $301M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- CVX — 19% of its revenue · Stated in 10-K (XBRL) · source
- XOM — 12% of its revenue · Stated in 10-K (XBRL) · source
About Murphy Oil
communities or charities through programs like the Company Matching Gift Program, the “Impact – Murphy Makes a Difference” Program, or on their own with a Company match for donations. Finally, we offer an Employee Assistance Program that provides confidential assistance to employees and their immediate family members for mental and physical well-being, as well as legal and financial issues. We also maintain an Ethics Hotline that is available to all our employees to report, anonymously if desired, any matter of concern. Communications to the hotline, which is facilitated by an independent third party, are routed to appropriate functions, Human Resources, Law or Compliance, for investigation and resolution.
In its own words, from its 10-K, filed Feb 25, 2026.
Murphy Oil against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +17% against the peers' median +46%. Operating margin: 30.0% against the peers' median 30.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MUR Murphy Oil | Q3 2026 | $855M | +17% | 30.0% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Murphy Oil 10-Q on SEC EDGAR · CIK 717423 · Crude Petroleum & Natural Gas
13F: who owns MUR and who is buying
More on MUR
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- Murphy Oil guidance and outlook
- Is Murphy Oil a takeover target? LBO and rumors
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Murphy Oil guidance history: guided vs reported
- Murphy Oil operating margin by quarter
- Murphy Oil net income by quarter
- Murphy Oil free cash flow by quarter
- Murphy Oil capital expenditures by quarter
- Murphy Oil Net crude oil and condensate revenue revenue by quarter
- Murphy Oil Net natural gas revenue revenue by quarter
- Murphy Oil Net natural gas liquids revenue revenue by quarter