MURPHY OIL CORP Earnings Per Share Disclosure
(Weighted-average shares, except per share amounts) | 2025 | 2024 | 2023 | ||||||||||||||
| Basic method | 143,124,118 | 150,011,458 | 155,233,560 | ||||||||||||||
| Dilutive restricted stock units | 901,204 | 1,015,894 | 1,412,869 | ||||||||||||||
| Diluted method | 144,025,322 | 151,027,352 | 156,646,429 | ||||||||||||||
| NET INCOME (LOSS) PER COMMON SHARE – BASIC | |||||||||||||||||
| Continuing operations | $ | 0.73 | $ | 2.73 | $ | 4.27 | |||||||||||
| Discontinued operations | — | (0.02) | (0.01) | ||||||||||||||
| Net income | $ | 0.73 | $ | 2.71 | $ | 4.26 | |||||||||||
| NET INCOME (LOSS) PER COMMON SHARE – DILUTED | |||||||||||||||||
| Continuing operations | $ | 0.72 | $ | 2.72 | $ | 4.23 | |||||||||||
| Discontinued operations | — | (0.02) | (0.01) | ||||||||||||||
| Net income | $ | 0.72 | $ | 2.70 | $ | 4.22 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2017 | Feb 26, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 26, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.