Murphy Oil misses by $0.03, beats on revs, reaffirms FY17 production & capex guidance (25.68 -0.24)
- Reports Q1 (Mar) loss of $0.06 per share, $0.03 worse than the Capital IQ Consensus of ($0.03); revenues rose 26.6% year/year to $544.7 mln vs the $529.61 mln Capital IQ Consensus.
- Produced volumes of 169 Mboepd, on track to achieve full year production guidance.
- Spent $215 mln on capital expenditures, in line with planned annual capital budget of $890 mln for FY17.
- Production & Capex Guidance: FY17 production is being reaffirmed in the range of 162-168 Mboepd. Full year capital expenditure guidance is being maintained at $890 mln.