Murphy Oil reports Q3 adjusted EPS 74c, consensus 68c

Reports Q3 revenue $758.33M, consensus $756.82M. “The company has gone through an incredible transformation since we first established our strategy of Delever, Execute, Explore, Return,” said Roger W. Jenkins, Chief Executive Officer. “Most recently, we improved our balance sheet by securing a highly competitive rate on our new senior notes and significantly upsizing our unsecured credit facility. Further, we continue to reward our shareholders through a long-standing dividend and ongoing meaningful share repurchases, and our exploration opportunities in Vietnam and Cote d’Ivoire provide upside to our portfolio.”