Murphy Oil Q1 EPS Beats with $0.32, Price Target Raised to $44
MUR•Murphy Oil's price target was raised to $44 after Q1 results beat estimates with $0.32 adjusted EPS and $733.5 million revenue. The company generated $429 million cash flow, boosted its dividend by 8%, produced 174,200 boe/d and realized oil prices averaging $72 per barrel.
1. Q1 Financial Results
In Q1 2026, Murphy Oil reported adjusted earnings of $0.32 per share, surpassing consensus estimates, and generated revenue of $733.5 million, a 10.2% year-over-year increase driven by higher commodity prices and operational efficiency improvements.
2. Cash Flow and Dividend Increase
The company’s operating activities delivered $429 million in cash flow during the quarter, supporting an 8% increase in the annual dividend, reflecting management’s confidence in cash generation and an ongoing commitment to shareholder returns.
3. Production Performance and Price Target Revision
Production averaged 174,200 barrels of oil equivalent per day, while realized oil prices averaged $72 per barrel with March prices above $90; these strong operational metrics contributed to analysts raising Murphy Oil’s price target to $44.
