BUZZ-Murphy Oil falls on Q4 miss
ReutersJan 30, 2025 4:49 PM
Shares of U.S. oil and gas producer Murphy Oil MUR.N fall 5% to $27.73 - lowest since July 2022
Co reports Q4 adj. EPS of 35 cents vs. est. 56 cents - LSEG
Revenue fell 20.5% to $669.57 mln from a year ago; analysts expected $740.18 mln
MUR saw production hit of 10,800 barrels of oil equivalent due to unplanned downtime, lower performance and timing delay
Says capex for 2024 totaled $953 mln; forecasts 2025 capex to be in the range of $1.14 bln to $1.29 bln
YTD, stock down 28%
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