Filing Flows › Murphy Oil (MUR) › Q2 2026
Murphy Oil (MUR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Murphy Oil (MUR) reported revenue of $928M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +27% from the quarter before. Operating margin was 38.2%, net earnings $232M (25.0% of revenue).
Murphy Oil, Q2 2026: revenue $928M (+34% year over year), operating margin 38.2%, net earnings $232M, operating cash flow $656M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $928M | +27% | +33% |
| Operating profit | $355M | +157% | +285% |
| Net earnings | $232M | +338% | +942% |
| Operating cash flow | $656M | +104% | +83% |
| Free cash flow | $655M | +119% | +83% |
What changed
Revenue was $928.3M in Q2 2026, up 33% year over year and up 27% from the previous quarter. Net crude oil and condensate revenue was the largest line at 90% of revenue. Net crude oil and condensate revenue added $261.7M year over year (up 46%), 112% of the total change. Net natural gas revenue declined 24%.
Operating profit was $354.7M, a 38.2% margin (up 24.9 points year over year). Of the extra revenue versus Q2 2025, 113% reached operating profit, above the 13% margin then. Total costs fell 5% while revenue rose 33%. Net earnings were $232.2M, up 942% year over year. The effective tax rate was 22.6%.
Operating cash flow was $655.9M (up 83% year over year), 249% of net income including minority interests. Non-cash charges added back $262.1M of depreciation and amortization and $8.9M of share-based compensation. Working capital and other items added $121.4M. Capital expenditures of $832K left free cash flow of $655.1M.
Questions
What was Murphy Oil's revenue in the second quarter 2026?
Murphy Oil (MUR) reported revenue of $928M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +27% from the quarter before.
Was Murphy Oil profitable in the second quarter 2026?
Operating profit was $355M (38.2% of revenue) and net earnings $232M.
Source: Murphy Oil 10-Q on SEC EDGAR.