Filing Flows › Murphy Oil (MUR) › Q2 2025
Murphy Oil (MUR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Murphy Oil (MUR) reported revenue of $696M for the second quarter 2025 (Q2 2025), -13% from a year earlier and +4% from the quarter before. Operating margin was 13.3%, net earnings $22.3M (3.2% of revenue).
Murphy Oil, Q2 2025: revenue $696M (-13% year over year), operating margin 13.3%, net earnings $22.3M, operating cash flow $358M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $696M | +4% | -13% |
| Operating profit | $92.2M | -36% | -50% |
| Net earnings | $22.3M | -69% | -83% |
| Operating cash flow | $358M | +19% | -23% |
| Free cash flow | $358M | +20% | -23% |
What changed
Revenue was $695.6M in Q2 2025, down 13% year over year and up 4% from the previous quarter. Net crude oil and condensate revenue was the largest line at 82% of revenue. Net crude oil and condensate revenue lost $144.4M year over year (down 20%), 135% of the total change.
Operating profit was $92.2M, a 13.3% margin (down 9.7 points year over year). Total costs fell 2% while revenue fell 13%. The fastest-growing cost line was SG&A (+61%). Net earnings were $22.3M, down 83% year over year. The effective tax rate was 2.9%.
Operating cash flow was $358.1M (down 23% year over year), 1019% of net income including minority interests. Non-cash charges added back $259.3M of depreciation and amortization and $11.9M of share-based compensation. Working capital and other items added $51.7M. Capital expenditures of $19K left free cash flow of $358.0M.
Questions
What was Murphy Oil's revenue in the second quarter 2025?
Murphy Oil (MUR) reported revenue of $696M for the second quarter 2025 (Q2 2025), -13% from a year earlier and +4% from the quarter before.
Was Murphy Oil profitable in the second quarter 2025?
Operating profit was $92.2M (13.3% of revenue) and net earnings $22.3M.
Source: Murphy Oil 10-Q on SEC EDGAR.