Filing Flows › Murphy Oil (MUR) › Q1 2025
Murphy Oil (MUR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Murphy Oil (MUR) reported revenue of $666M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -0.8% from the quarter before. Operating margin was 21.6%, net earnings $73.0M (11.0% of revenue).
Murphy Oil, Q1 2025: revenue $666M (-16% year over year), operating margin 21.6%, net earnings $73.0M, operating cash flow $301M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $666M | -0.8% | -16% |
| Operating profit | $144M | +69% | -7% |
| Net earnings | $73.0M | +45% | -19% |
| Operating cash flow | $301M | -31% | -25% |
| Free cash flow | $299M | -31% | -25% |
What changed
Revenue was $665.7M in Q1 2025, down 16% year over year and down 1% from the previous quarter. Net crude oil and condensate revenue was the largest line at 83% of revenue. Net crude oil and condensate revenue lost $140.5M year over year (down 20%), 108% of the total change.
Operating profit was $143.9M, a 21.6% margin (up 2.3 points year over year). Total costs fell 19% while revenue fell 16%. Net earnings were $73.0M, down 19% year over year. The effective tax rate was 26.8%.
Operating cash flow was $300.7M (down 25% year over year), 336% of net income including minority interests. Non-cash charges added back $194.2M of depreciation and amortization and $8.9M of share-based compensation. Capital expenditures of $1.4M left free cash flow of $299.3M.
Questions
What was Murphy Oil's revenue in the first quarter 2025?
Murphy Oil (MUR) reported revenue of $666M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -0.8% from the quarter before.
Was Murphy Oil profitable in the first quarter 2025?
Operating profit was $144M (21.6% of revenue) and net earnings $73.0M.
Source: Murphy Oil 10-Q on SEC EDGAR.