Murphy Oil Q3 Adjusted EBITDA Drops on Lower Prices


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) ---- Murphy Oil Corp. reported third-quarter 2025 
adjusted EBITDA of $390.6 million on Wednesday (11/05), down slightly from 
$397.3 million in the same quarter of the previous year, driven by lower energy 
prices and reduced offshore production.

   Based on company-reported volumes, adjusted EBITDA was calculated at 
approximately $21.19 bbl for the third quarter of 2025, compared with $23.33 
per barrel in the same period of the previous year.

   The adjusted EBITDA excludes exploration expense, which totaled $32.5 
million in the third quarter of 2025 versus $31.3 million a year ago. The 
decline in segment adjusted EBITDA was attributed to lower commodity prices, 
mark-to-market losses on derivatives, and higher depreciation.

   Net oil production averaged 94,067 bpd during the third quarter of 2025, 
compared with 88,000 bpd in the prior year.

   Total net production, including natural gas and natural gas liquids, rose to 
200,383 bpd for the third quarter of 2025, up from 185,000 bpd in the previous 
year.

   Lease operating expense was $9.39 bbl for the third quarter of 2025, 
compared to $11.02 bbl in the same quarter of the prior year.




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