FX.co ★ Murphy Oil Q4 Profit Decreases, misses estimates

Murphy Oil unveiled its fourth-quarter earnings that saw a decrease compared to the previous year, even falling short of market expectations.

The company registered a profit of $116.29 million, equivalent to $0.75 per share, in contrast with $199.40 million or $1.26 per share in the same period the previous year.

After factoring out certain variables, Murphy Oil reported adjusted earnings of $140 million, or $0.90 per share for the quarter.

On average, analysts had anticipated the company to register a profit of $1.00 per share, according to data collected by Thomson Reuters. These predictions usually neglect special elements.

The quarter's revenue experienced a drop of 13.4%, plummeting to $844.20 million from $975.22 million in the previous year.

A brief look at Murphy Oil's earnings (in accordance with Generally Accepted Accounting Principles - GAAP):

- The company's earnings for Q4 were $116.29 million, contrasting with $199.40 million the previous year.

- Earnings Per Share (EPS) for Q4 were $0.75, as against $1.26 in the previous year.

- Analysts had predicted an EPS of $1.00.

- Revenue in Q4 was $844.20 million compared to $975.22 million the previous year.