Murphy Oil Earnings: Everything You Must Know Now

Murphy Oil Corporation (NYSE:MUR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Murphy Oil Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 26.17% to $1.88 in the quarter versus EPS of $1.49 in the year-earlier quarter.

Revenue: Decreased 5.07% to $6.64 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Murphy Oil Corporation reported adjusted EPS income of $1.88 per share. By that measure, the company beat the mean analyst estimate of $0.97. It missed the average revenue estimate of $7.17 billion.

Quoting Management: Steven A. Cossé, Murphy’s President and Chief Executive Officer, commented, “The process for completing the separation of our U.S. retail business in the second half of the year is going according to plan, largely due to the efforts of the retail management team led by Andrew Clyde. The U.S. retail business operated well in the first quarter 2013, with better than normal fuel margins achieved during the winter season. In the upstream business, our production levels exceeded expectations during the first quarter, principally due to good performance in the Eagle Ford Shale area. We will continue our active exploration drilling program with upcoming wells offshore Australia and Cameroon. The sale of the Mungo/Monan field in the U.K. should be completed in the second quarter.”

Key Stats (on next page)…

Revenue decreased 10.14% from $7.39 billion in the previous quarter. EPS decreased 9.18% from $2.07 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.31 to a profit $1.41. For the current year, the average estimate has moved down from a profit of $5.40 to a profit of $5.31 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)