Murphy Oil to Release Q2 Earnings: What's in Store for the Stock?

Murphy Oil Corporation MUR is expected to report a year-over-year increase in both top and bottom lines when it reports second-quarter 2026 results on Aug. 5, after market close.

The Zacks Consensus Estimate for revenues is pinned at $871 million, indicating an increase of 25.33% from the year-ago reported figure. The consensus mark for earnings is pegged at $1.51 per share, indicating a massive year-over-year growth of 459.26%. The bottom-line estimate has gone up 36.04% over the past 60 days.

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What the Zacks Model Unveils

Our model predicts an earnings beat for MUR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is exactly the case here, as you can see below.

You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Earnings ESP: MUR has an Earnings ESP of +0.25%.

Zacks Rank: Murphy Oil currently holds a Zacks Rank #3.

Earnings Surprise by Others This Season

Some other companies in the same sector also have the right combination of the two factors for an earnings beat this season are Calumet, Inc. CLMT, Western Midstream Partners WES and National Energy Services Reunited Corp. NESR. CLMT, WES and NESR have an Earnings ESP of +169.57%, +0.33% and +7.80%, respectively and currently carry a Zacks Rank #2 each. You can see the complete list of today’s Zacks #1 Rank stocks here.

Major Drivers Behind MUR’s Q2 Earnings Performance

Murphy Oil’s second-quarter total production (excluding NCI) is expected to be in the range of 161,000-169,000 barrels of oil equivalents per day (Boep/d). Nearly 94,300 Boep/d will come from Murphy Oil’s domestic operation in the Gulf of America and Eagle Ford shale. 

Murphy Oil does not have any direct exposure to crude in the Middle East, which is likely to have allowed it to keep the volumes steady during the second quarter.

The company’s plan to bring 6 wells online in the Eagle Ford Shale and 4 wells in Kaybob Duvernay is expected to have an impact on second-quarter earnings.
 

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This article originally published on Zacks Investment Research (zacks.com).

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