Murphy Oil Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-09

Murphy Oil (NYSE:MUR) Third Quarter 2024 Results Key Financial Results Revenue: US$758.3m (down 21% from 3Q 2023). Net income: US$139.7m (down 45% from 3Q 2023). Profit margin: 18% (down from 27% in ...

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The decrease in margin was driven by lower revenue.NYSE:MUR Earnings and Revenue Growth November 9th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 2.4%. Earnings per share  also surpassed analyst estimates by 45%.Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US.Performance of the American Oil and Gas industry.The company's shares are up 8.0% from a week ago.It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with Murphy Oil, and understanding this should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MUR":"墨菲石油"},"translate_title":"墨菲石油2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MUR":1},"content_text":"Murphy Oil (NYSE:MUR) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$758.3m (down 21% from 3Q 2023).\nNet income: US$139.7m (down 45% from 3Q 2023).\nProfit margin: 18% (down from 27% in 3Q 2023). The decrease in margin was driven by lower revenue.\nEPS: US$0.94 (down from US$1.65 in 3Q 2023).\n\n\n\n\n  NYSE:MUR Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nMurphy Oil Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 45%. \n Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US. \nPerformance of the American Oil and Gas industry.\n The company's shares are up 8.0% from a week ago. \nRisk Analysis\n It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with Murphy Oil, and understanding this should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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