Filing Flows › Murphy Oil (MUR) › Q3 2026 › vs Q3 2025
Murphy Oil (MUR) Q3 2026 vs Q3 2025 (year over year)
Murphy Oil's revenue rose $122M (+17%) from $733M in Q3 2025 to $855M in Q3 2026. The biggest changes: Net crude oil and condensate revenue +$112M (+18%); Net natural gas revenue +$13.9M (+18%); Other revenues −$6.2M (-52%). Operating margin 30.0% against 0.8% (+29.2 pts).
Murphy Oil, Q3 2026: revenue $855M (+17% year over year), operating margin 30.0%, net earnings $171M, operating cash flow $541M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 30.0% | 0.8% | +29.2 pts |
| Net margin | 20.0% | -0.4% | +20.4 pts |
| Free cash flow margin | 62.6% | 43.2% | +19.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net crude oil and condensate revenue | $731M | $619M | $112M | +18% |
| Net natural gas revenue | $92.3M | $78.4M | $13.9M | +18% |
| Net natural gas liquids revenue | $25.9M | $23.2M | $2.7M | +12% |
| Other revenues | $5.8M | $12.0M | −$6.2M | -52% |
| Revenue | $855M | $733M | $122M | +17% |
| Operating profit | $256M | $5.8M | $251M | 44× |
| Costs & expenses | $598M | $727M | −$129M | -18% |
| Pre-tax earnings | $235M | −$4.2M | $239M | — |
| Other expense, net | $21.3M | $10.0M | $11.4M | +114% |
| SG&A | $40.5M | $30.9M | $9.7M | +31% |
| Other operating costs | $558M | $696M | −$138M | -20% |
| Net earnings | $171M | −$3.0M | $174M | — |
| Minority interests | $24.4M | −$5.3M | $29.8M | — |
| Income tax | $39.4M | $4.2M | $35.2M | +847% |
| Depreciation & amortization | $271M | $283M | −$12.0M | -4% |
| Share-based compensation | $13.8M | $13.1M | $684K | +5% |
| Working capital & other | $84.2M | $45.8M | $38.3M | +84% |
| Operating cash flow | $541M | $339M | $201M | +59% |
| Free cash flow (OCF − capex) | $535M | $316M | $219M | +69% |
| Capital expenditures | $5.1M | $23.0M | −$17.9M | -78% |
Questions
How much did Murphy Oil's revenue grow year over year in Q3 2026?
Murphy Oil's revenue rose $122M (+17%) from $733M in Q3 2025 to $855M in Q3 2026.
What drove Murphy Oil's revenue change in Q3 2026?
Net crude oil and condensate revenue +$112M (+18%); Net natural gas revenue +$13.9M (+18%); Other revenues −$6.2M (-52%).