MUR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-06

• •Drilled oil discoveries at Cello #1 (Mississippi Canyon 385) and Banjo #1 (Mississippi Canyon 385) exploration wells in the Gulf of America, and announced dry holes at Civette-1X (Block CI-502) and Caracal-1X (Block CI-102) in Côte d’Ivoire;

• •Issued $500.0 million of 6.50% senior notes due 2034 (2034 Notes) and used proceeds to redeem an aggregate $227.5 million of senior notes due in 2027 and 2028;

• •Upsized senior unsecured revolving credit facility from $1.35 billion to $2.0 billion and extended maturity from 2029 to 2031;

• •Increased the quarterly cash dividend to $0.35 per share, which on an annualized basis would be $1.40 per share.

• Subsequent to the first quarter, the Company’s offer for four exploration blocks in offshore Cameroon was accepted, with finalization of the terms pending further discussions with the Republic of Cameroon.

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• •Paid down $50.0 million of debt under the RCF and returned $46.4 million ($0.325 per share, or $1.30 per share annualized) to shareholders through a quarterly dividend

• Subsequent to the third quarter, Murphy completed the installation of the LDV-A platform jacket and initiated development drilling at the Lac Da Vang (Golden Camel) development project in Vietnam.

• Murphy Oil Corporation’s net loss from continuing operations, including noncontrolling interest, for the three months ended September 30, 2025, was $7.8 million compared to net income of $151.7 million for the same period in 2024. The results for 2025 were impacted by higher impairment expense ($115…

• The impairment expense during the quarter related to the Dalmatian field in the Gulf of America that resulted from reserve reductions, as certain projects in the field were less competitive for capital allocation. The increase in DD&A resulted from higher total production levels and elevated rates i…

• For the three months ended September 30, 2025, total hydrocarbon production was 206,936 barrels of oil equivalent per day, an increase of 8% compared to the third quarter of 2024. The increase was principally due to higher production in the Eagle Ford Shale and Tupper Montney, partially offset by lo…

Text added vs the prior filing · source: 10-Q · 2026-05-06

• There were no commodity-based derivative contracts in place as of March 31, 2026.

• The Company’s senior unsecured Amended RCF provides for variable interest rate borrowings. As of March 31, 2026, we had no outstanding borrowings under the Amended RCF, and therefore, no related exposure to interest rate risk.

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• There were commodity-based derivative contracts in place as of September 30, 2025, covering certain future U.S. natural gas sales volumes in 2025. A 10% increase in the respective benchmark price of these commodities would have decreased the net receivable associated with these derivative contracts …

• The Company’s senior unsecured RCF provides for variable interest rate borrowings. As of September 30, 2025, we had $150.0 million of outstanding borrowings under the RCF. Assuming no change in the amount of borrowings outstanding under the RCF, a 10% increase in the average interest rate would have…