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Murphy Oil MUR Conventional gas — Exploration costs charged to expense

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EQTGathering — Exploration
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MGY
MGYExploration Expense
$1.74M+401%

Other financials

Income statement

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Revenue$733.6M+10.2%
Gross profit$624.6M-6.9%
Operating income$138.3M-3.9%
Net income$53.0M-27.5%
EPS (diluted)$0.37-26.0%

Balance sheet

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Cash & equivalents$378.8M-3.6%
Total debt$2.3B+4.6%
Total equity$5.1B-0.4%
Total assets$10.0B+2.2%

Cash flow

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Operating cash flow$321.2M+6.8%

Valuation

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Market cap$4.92B+45.9%

Profitability

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Gross margin100.4%+0.5pp
Operating margin10.7%-9.8pp
Net margin3%-10.4pp
FCF margin4.9%

Returns & leverage

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Return on equity1.6%-5.8pp
Debt / equity0.5×0.0×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by Murphy Oil in its filing.

Tagged under the XBRL concept mur:ResultsOfOperationsExplorationExpenseIncludingDiscontinuedOperations.

The official record: Murphy Oil’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Murphy Oil's conventional gas — exploration costs charged to expense?
Murphy Oil (MUR) reported conventional gas — exploration costs charged to expense of $75K in Q4 2025.
How has Murphy Oil's conventional gas — exploration costs charged to expense changed year-over-year?
Murphy Oil's conventional gas — exploration costs charged to expense decreased by 25.0% year-over-year, from $100K to $75K.
What is the long-term trend for Murphy Oil's conventional gas — exploration costs charged to expense?
Over 4 years (2021 to 2025), Murphy Oil's conventional gas — exploration costs charged to expense has grown at a -6.9% compound annual growth rate (CAGR), from $400K to $300K.
What does conventional gas — exploration costs charged to expense mean?
Represents the costs incurred during the search for new oil and gas reserves that do not qualify for capitalization and are instead expensed as incurred. This metric highlights the segment's investment in future growth and the associated risk of unsuccessful exploration efforts.