Murphy Oil Q3 Revenue Beats Estimates by $67.13 Million as Non-GAAP EPS Tops Forecasts

Murphy Oil's third-quarter non-GAAP EPS and revenue both topped estimates, and the company raised its full-year 2026 production range.

Non-GAAP earnings per share came to $1.08, exceeding estimates by $0.22. Non-GAAP EPS is a per-share earnings measure calculated using a company's non-GAAP methodology. Revenue totaled $854.97 million, up 16.6% from a year earlier and $67.13 million above estimates.

Murphy Oil also raised its full-year production range for 2026 to 176,000 to 178,000.