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Murphy Oil Announces Fourth Quarter Financial Results

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HOUSTON – Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2024, including net income attributable to Murphy of $50 million, or $0.34 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $51 million, or $0.35 adjusted net income per diluted share.

For full year 2024, the company recorded net income attributable to Murphy of $407 million, or $2.70 net income per diluted share. Murphy reported adjusted net income, which excludes both the results of discontinued operations and other items affecting comparability between periods, of $417 million, or $2.76 adjusted net income per diluted share.

Unless otherwise noted, the financial and operating highlights and metrics discussed in this commentary exclude noncontrolling interest (NCI). 1

Highlights for the fourth quarter include:

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  • Drilled an oil discovery at Hai Su Vang-1X in offshore Vietnam and encountered approximately 370 feet of net oil pay from two reservoirs
  • Commenced LDV-A platform construction and executed the contract for the floating storage and offloading vessel for the Lac Da Vang field development project in Vietnam
  • Upsized new five-year senior unsecured credit facility to $1.35 billion, significantly enhancing liquidity with a nearly 70 percent increase from previous facility
  • Issued $600 million aggregate principal amount of 6.000 percent senior notes due 2032, and redeemed a total $600 million of senior notes due 2027, 2028 and 2029
  • Recorded lowest net debt in over a decade at approximately $850 million
  • Completed seismic reprocessing for Côte d’Ivoire

Highlights for full year 2024 include:

  • Achieved lowest Total Recordable Incident Rate since 2016
  • Entered Murphy 3.0 of capital allocation framework, repurchased $300 million of stock or 8.0 million shares, and repurchased $50 million of senior notes
  • Recorded lowest annual selling and general expense since 2002 at $108 million
  • Achieved record high peak gross production rate of 496 million cubic feet per day (MMCFD) in Tupper Montney, effectively reaching processing plant capacity
  • Drilled a discovery at the non-operated Ocotillo #1 exploration well in Mississippi Canyon 40 in the Gulf of Mexico
  • Awarded six deepwater blocks from Gulf of Mexico Federal Lease Sale 261

Subsequent to the fourth quarter:

  • Announced an additional 8 percent increase of the quarterly cash dividend to $0.325 per share, or $1.30 per share annualized for 2025

“I am pleased that in 2024, we continued to focus on our priorities of Delever, Execute, Explore and Return. As a result, we achieved Murphy 3.0 of our capital allocation framework, strengthened our balance sheet, increased our liquidity, made two impactful discoveries and advanced our Lac Da Vang field development project in Vietnam,” said Eric M. Hambly, President and Chief Executive Officer. “Our discoveries at Hai Su Vang-1X in Vietnam and non-operated Ocotillo #1 in the Gulf of Mexico demonstrate our commitment to organically creating shareholder value and increasing our resource potential. These opportunities, alongside our existing portfolio, provide multi-basin optionality as we strive to remain an industry leader for decades to come. In 2025, we are looking forward to drilling multiple exploration prospects in the Gulf of Mexico, Vietnam and Côte d’Ivoire, and continually rewarding shareholders with our long-standing dividend and further share repurchases.”

FOURTH QUARTER 2024 RESULTS

The company recorded net income attributable to Murphy of $50 million, or $0.34 net income per diluted share, for the fourth quarter 2024. Adjusted net income, which excludes both the results of discontinued operations and certain other items that affect comparability of results between periods, was $51 million, or $0.35 per diluted share for the same period. Details for fourth quarter results and an adjusted net income reconciliation can be found in the attached schedules.

Earnings before interest, taxes, depreciation and amortization (EBITDA) attributable to Murphy were $315 million. Earnings before interest, tax, depreciation, amortization and exploration expenses (EBITDAX) attributable to Murphy were $330 million. Adjusted EBITDA attributable to Murphy was $321 million. Adjusted EBITDAX attributable to Murphy was $337 million. Reconciliations for fourth quarter EBITDA, EBITDAX, adjusted EBITDA and adjusted EBITDAX can be found in the attached schedules.

Fourth quarter production averaged 175 thousand barrels of oil equivalent per day (MBOEPD), which included 85 thousand barrels of oil per day (MBOPD). Production impacts of 10.8 MBOEPD were mostly attributed to:

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  • 5.6 MBOEPD of unplanned downtime across operated assets, including 1.8 MBOEPD due to a mechanical issue at a Khaleesi well, 1.4 MBOEPD for an offshore rig delay for the Samurai #3 well workover in the Gulf of Mexico, and 2.4 MBOEPD for other onshore and offshore assets;
  • 2.8 MBOEPD of unplanned downtime across non-operated assets, including 2.4 MBOEPD for offshore weather impacts;
  • 1.9 MBOEPD of lower performance as a result of a revised Eagle Ford Shale completion design on a four-well Catarina pad that was less successful than anticipated; and
  • 0.5 MBOEPD due to a timing delay in the Mormont #4 (Green Canyon 478) well as a result of evaluating and completing additional pay.

Accrued capital expenditures (CAPEX) for fourth quarter 2024 totaled $186 million, excluding NCI. Details for fourth quarter production and CAPEX can be found in the attached schedules.

FULL YEAR 2024 RESULTS

The company recorded net income attributable to Murphy of $407 million, or $2.70 net income per diluted share, for full year 2024. Adjusted net income, which excludes both the results of discontinued operations and certain other items that affect comparability of results between periods, was $417 million, or $2.76 per diluted share for the same period. Details for full year 2024 results and an adjusted net income reconciliation can be found in the attached schedules.

EBITDA attributable to Murphy was $1.4 billion. EBITDAX attributable to Murphy was $1.6 billion. Adjusted EBITDA attributable to Murphy was $1.5 billion. Adjusted EBITDAX attributable to Murphy was $1.6 billion. Reconciliations for full year 2024 EBITDA, EBITDAX, adjusted EBITDA and adjusted EBITDAX can be found in the attached schedules.

Production for full year 2024 averaged 177 MBOEPD, which included 88 MBOPD. Accrued CAPEX for full year 2024 totaled $953 million, excluding NCI. Details for full year 2024 production and CAPEX can be found in the attached schedules.

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CAPITAL ALLOCATION FRAMEWORK

Share Repurchases

In 2024, Murphy repurchased $300 million of stock, or 8.0 million shares. Murphy did not repurchase any shares in the fourth quarter. The company had $650 million remaining under its share repurchase authorization and 145.8 million shares outstanding as of December 31, 2024.

FINANCIAL POSITION

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As previously announced, in the fourth quarter Murphy issued $600 million of 6.000 percent senior notes due 2032 and redeemed a total $600 million of senior notes, comprised of $338 million of senior notes due 2027, $200 million of senior notes due 2028 and $62 million of senior notes due 2029.

Also in the fourth quarter, Murphy entered into a new five-year senior unsecured credit facility, with a total facility size of $1.35 billion as of December 31, 2024. This represents a nearly 70 percent increase from the previous credit facility.

Murphy had approximately $1.8 billion of liquidity on December 31, 2024, with no borrowings on the $1.35 billion senior unsecured credit facility and $424 million of cash and cash equivalents, inclusive of NCI.

As of December 31, 2024, Murphy’s total debt of $1.27 billion was comprised of long-term, fixed-rate notes with a weighted average maturity of 9.4 years and a weighted average coupon of 6.1 percent.

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“We executed a series of debt transactions during the fourth quarter to extend our maturity profile by two years, and I am excited at the 6.000 percent rate we received on our new 2032 senior notes. More importantly, our bank group remained supportive of Murphy as we strive to achieve investment grade, and we established a new credit facility with nearly 70 percent more liquidity than our previous facility,” said Thomas J. Mireles, Executive Vice President and Chief Financial Officer. “Through our focus on delevering, we have achieved our lowest net debt in over a decade at approximately $850 million, with a strong net debt to total capital ratio of only 13 percent. This solid balance sheet positions us well to capitalize on future opportunities.”

YEAR-END 2024 PROVED RESERVES

After producing 65 MMBOE for the year, Murphy’s preliminary year-end 2024 proved reserves were 713 MMBOE, consisting of 37 percent oil and 42 percent liquids. Total reserve replacement was 83 percent in 2024.

The company maintained a consistent reserve life of 11 years with 59 percent proved developed reserves.

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2024 Proved Reserves – Preliminary *

Category

Net Oil

(MMBBL)

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Net NGLs

(MMBBL)

Net Gas
(BCF)

Net Equiv.
(MMBOE)

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Proved Developed (PD)

172

24

1,360

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422

Proved Undeveloped (PUD)

89

14

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1,127

291

Total Proved

261

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38

2,487

713

* Proved reserves exclude NCI and are based on preliminary year-end 2024 third-party audited volumes using SEC pricing.

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OPERATIONS SUMMARY

Onshore

In the fourth quarter of 2024, the onshore business produced approximately 100 MBOEPD, which included 29 percent liquids volumes.

Eagle Ford Shale – Production averaged 30 MBOEPD with 69 percent oil volumes and 85 percent liquids volumes in the fourth quarter. As planned, Murphy brought online four operated wells in Catarina during the quarter, and drilled six operated and one non-operated well in Karnes in preparation for its 2025 well delivery program.

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Tupper Montney – During the fourth quarter, natural gas production averaged 387 MMCFD. As planned, Murphy drilled two operated wells during the quarter in preparation for its 2025 well delivery program.

Kaybob Duvernay – Production averaged 4 MBOEPD with 56 percent oil volumes and 71 percent liquids volumes in the fourth quarter.

Offshore

Excluding NCI, in the fourth quarter of 2024, the offshore business produced approximately 75 MBOEPD, which included 82 percent oil.

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Gulf of Mexico – Production averaged approximately 68 MBOEPD, consisting of 80 percent oil during the fourth quarter. During the quarter, Murphy drilled and began completing the Mormont #4 (Green Canyon 478) well and progressed the Samurai #3 (Green Canyon 432) well workover.

Also during the quarter, Murphy sanctioned the non-operated Zephyrus development project in the Gulf of Mexico in 2024, with targeted first oil in second half 2025.

Canada – In the fourth quarter, production averaged 7 MBOEPD, consisting of 100 percent oil.

Vietnam – During the fourth quarter, Murphy progressed the Lac Da Vang field development project by commencing construction of the LDV-A platform and executing the contract for the floating storage and offloading vessel.

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EXPLORATION

Vietnam – As previously announced, during the fourth quarter Murphy drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. The well was drilled to total depth of 13,124 feet in 149 feet of water. Hai Su Vang-1X encountered approximately 370 feet of net oil pay from two reservoirs.

Murphy achieved a facility-constrained flow rate of 10,000 BOPD. Additional testing showed high-quality, 37-degree oil with a gas-oil ratio of approximately 1,100 standard cubic feet per barrel.

Murphy’s subsidiary, Murphy Cuu Long Tay Oil Co., Ltd., is the operator of the block with 40 percent working interest. PetroVietnam Exploration Production Corporation Ltd. holds 35 percent working interest and SK Earthon Co., Ltd. holds the remaining 25 percent.

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Côte d’Ivoire – In the fourth quarter, Murphy received final seismic data and completed reprocessing in preparation for its upcoming three-well exploration drilling program.

2025 CAPITAL EXPENDITURE AND PRODUCTION GUIDANCE

The 2025 CAPEX plan is expected to be in the range of $1,135 million to $1,285 million. Full year 2025 production is expected to be in the range of 174.5 to 182.5 MBOEPD, consisting of approximately 91 MBOPD oil and 101 MBOEPD liquids volumes, equating to 51 percent oil and 57 percent liquids volumes, respectively.

Production for first quarter 2025 is estimated to be in the range of 159 to 167 MBOEPD with 83.5 MBOPD, or 51 percent, oil volumes. Production is impacted by 4.4 MBOEPD of planned operated onshore downtime and 2.9 MBOEPD of planned offshore downtime, primarily at non-operated assets. Both production and CAPEX guidance ranges exclude NCI.

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2025 CAPEX by Quarter ($ MMs)

1Q 2025E

2Q 2025E

3Q 2025E

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4Q 2025E

FY 2025E

$425

$280

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$275

$230

$1,210

Accrual CAPEX, based on midpoint of guidance range and excluding NCI.

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The table below illustrates the capital allocation by area.

2025 Capital Expenditure Guidance

Area

Total CAPEX
$ MMs

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Percent of
Total CAPEX

Offshore

Gulf of Mexico

$410

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34

Hibernia / Terra Nova

$20

2

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Vietnam and Other

$115

9

Exploration

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$145

12

Onshore

Eagle Ford Shale

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$360

30

Kaybob Duvernay / Tupper Montney

$140

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11

Corporate

$20

2

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Offshore

Murphy has allocated approximately $410 million of its 2025 CAPEX to the Gulf of Mexico for operated and non-operated development drilling and field development projects.

Murphy plans to spend approximately $20 million of CAPEX in offshore Canada in 2025, with the majority designated for non-operated Hibernia development drilling.

Approximately $115 million of CAPEX has been allocated to Vietnam and other offshore operations in 2025. This includes $20 million for Lac Da Vang development drilling and $90 million designated for Lac Da Vang field development activities, with the remaining $5 million allocated to Paon field development in Côte d’Ivoire.

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Exploration

The company has allocated approximately $145 million to its 2025 exploration program, which includes drilling two operated exploration wells in the Gulf of Mexico, one exploration well in Côte d’Ivoire, the Lac Da Hong-1X exploration well in Vietnam and a Hai Su Vang appraisal well in Vietnam.

“We have an ambitious exploration program ahead of us over the next 18 months, with operated wells planned in the Gulf of Mexico, Vietnam and Côte d’Ivoire, in addition to an appraisal well in Vietnam. This optionality across multiple play types in key basins provides significant resource upside for our offshore business. It is an exciting time at Murphy, and exploration will remain a key differentiator and value creator for our company for years to come,” said Hambly.

Onshore

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Murphy plans to spend approximately $360 million of its 2025 CAPEX in the Eagle Ford Shale, with $275 million allocated to drill 34 and bring online 35 operated wells, as well as drill 24 and bring online 28 non-operated wells. The remaining $85 million will support field development.

Approximately $140 million of Murphy’s 2025 CAPEX is allocated to Canada onshore. The company plans to spend $65 million in the Tupper Montney to drill 8 and bring online 10 operated wells, with $50 million allocated in the Kaybob Duvernay to drill 6 and bring online 4 operated wells. The remaining $25 million is designated for field development in both areas.

The table below details the 2025 onshore well delivery plan by quarter.

2025 Onshore Wells Online

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1Q 2025

2Q 2025

3Q 2025

4Q 2025

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2025 Total

Eagle Ford Shale

21

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14

35

Kaybob Duvernay

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4

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4

Tupper Montney

5

5

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10

Non-Op Eagle Ford Shale

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1

11

4

12

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28

Note: All well counts are shown gross. Eagle Ford Shale non-operated working interest averages 26 percent.

Detailed guidance for the first quarter and full year 2025 is contained in the attached schedules.

FIXED PRICE FORWARD SALES CONTRACTS

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The company employs derivative commodity instruments to manage certain risks associated with commodity price volatility and underpin capital spending associated with certain assets. Murphy holds NYMEX natural gas swaps of 20 MMCFD of January 2025 production at an average price of $3.20 per thousand cubic feet (MCF), 40 MMCFD of February through June 2025 production at an average price of $3.58 per MCF, 60 MMCFD of third quarter 2025 production at an average price of $3.65 per MCF and 60 MMCFD of fourth quarter 2025 production at $3.74 per MCF.

Murphy also maintains fixed price forward sales contracts in Canada to mitigate volatility of AECO prices. These contracts are for physical delivery of natural gas volumes at a fixed price, with no mark-to-market income adjustments. Details for the current fixed price contracts can be found in the attached schedules.

CONFERENCE CALL AND WEBCAST SCHEDULED FOR JANUARY 30, 2025

Murphy will host a conference call to discuss fourth quarter 2024 financial and operating results on Thursday, January 30, 2025, at 9:00 a.m. EST. The call can be accessed either via the Internet through the events calendar on the Murphy Oil Corporation Investor Relations website at http://ir.murphyoilcorp.com or via telephone by dialing toll free 1-800-717-1738, reservation number 18687. For additional information, please refer to the Fourth Quarter 2024 Earnings Presentation available under the News and Events section of the Investor Relations website.

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FINANCIAL DATA

Summary financial data and operating statistics for fourth quarter 2024, with comparisons to the same period from the previous year, are contained in the attached schedules. Additionally, a schedule indicating the impacts of items affecting comparability of results between periods, a reconciliation of EBITDA, EBITDAX, adjusted EBITDA and adjusted EBITDAX between periods, as well as guidance for the first quarter and full year 2025, are also included.

CAPITAL ALLOCATION FRAMEWORK

This news release contains references to the company’s capital allocation framework and adjusted free cash flow. As previously disclosed, Murphy now allocates capital pursuant to Murphy 3.0 of the company’s capital allocation framework, under which the company allocates a minimum of 50 percent of adjusted free cash flow to shareholder returns, primarily through buybacks. Murphy will continue to assess the appropriate shareholder return allocation under the framework, including potential dividend increases. The remainder of adjusted free cash flow will be allocated to the balance sheet as the company maintains the $1.0 billion total long-term debt goal.

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Adjusted free cash flow is defined as cash flow from operations before working capital change, less capital expenditures, distributions to NCI and projected payments, quarterly dividend and accretive acquisitions.

ABOUT MURPHY OIL CORPORATION

As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.

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Verizon Customers Across Multiple States Report Widespread Service Outage

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EL DORADO, AR – Verizon customers across a large portion of the United States are reporting problems with wireless service Thursday afternoon, including failed phone calls, mobile data disruptions and connectivity issues.

Reports of service problems are coming from communities stretching from Oklahoma and Texas to Arkansas and Georgia, with additional complaints being reported along the Eastern Seaboard. Customers in the South Arkansas area have also reported difficulty completing calls and accessing Verizon services.

The widespread reports appear to indicate a network-related outage rather than an isolated problem affecting individual customers.

Verizon confirmed to South Arkansas Now that the company is aware of the disruption.

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“We are aware of a wireless service interruption impacting some Verizon customers,” a Verizon automated response stated. “Our engineers are engaged and working to quickly resolve the issue. We apologize for the inconvenience.”

Verizon’s own network-outage information confirms that a mobile network outage can affect voice, data and messaging services for mobile customers, as well as Verizon Home Internet users in an affected area. The company defines a mobile network outage as an unexpected disruption affecting multiple cell sites at the same time.

Thousands Reporting Problems

Independent outage-monitoring service Downdetector was also showing a significant increase in reports involving Verizon Thursday. A report published Thursday afternoon indicated that more than 2,000 users had reported problems, providing another indication that the issue was affecting customers beyond a single geographic area.

The reports appear to involve several Verizon services, including traditional wireless calling and mobile data. Customers using Verizon’s 5G Home Internet service have also reported connectivity problems.

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At this point, Verizon has not publicly identified the cause of the interruption or provided a specific timetable for a complete restoration of service.

The breadth of the reports is notable. Problems have been reported in major metropolitan areas including Oklahoma City, Tulsa, Dallas-Fort Worth, Little Rock and Atlanta, with reports also appearing farther east.

What Customers Should Do

Verizon recommends customers experiencing service problems check the company’s network-status tools through My Verizon. According to Verizon, customers who are in an area affected by a known outage should receive a network notification identifying the affected services and providing information about the status of repairs.

Customers whose service remains unavailable after the network issue is resolved may also want to restart their phones to allow the device to reconnect to the network.

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For now, Verizon customers experiencing failed calls or data connections may simply be caught in the middle of a larger network disruption.

South Arkansas Now will continue monitoring the situation and will provide updates as Verizon releases additional information.

This is a developing story.

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Google-Entergy Deal Comes Under Scrutiny as Lawsuit Reveals Dispute Over $1.6 Billion Cypress Solar Project

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Based on reporting by Sydney Sasser of the Arkansas Democrat-Gazette, with additional reporting from KATV

New details about the massive power agreement between Google and Entergy Arkansas are shedding more light on the cost of Google’s planned West Memphis data center and have now led to a legal battle over the release and publication of confidential documents.

At the center of the dispute is Cypress Solar, a planned 600-megawatt solar facility paired with a 350-megawatt battery storage system in Jefferson County.

The project is expected to cost about $1.6 billion and will help provide electricity to the massive Google data center being constructed in West Memphis.

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According to documents obtained by the Arkansas Democrat-Gazette, Google will make substantial payments toward the Cypress Solar project.

Central Arkansas resident Jessica Kivell obtained the documents through an Arkansas Freedom of Information Act request to the Arkansas Public Service Commission. Some of the documents were marked confidential.

Arkansas Democrat-Gazette reporter Sydney Sasser reported that the documents showed Google would pay approximately $526 million toward Cypress Solar, consisting of $443 million in accelerated payments and $83 million in minimum demand payments.

However, Entergy now disputes the way those payments were characterized and calculated.

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Entergy says Google will pay more than $2 billion

Following publication of the Democrat-Gazette’s report, Entergy Arkansas filed a lawsuit against the newspaper and the Arkansas Times, alleging that the publications obtained and disclosed confidential trade-secret information.

Entergy also argues that the Democrat-Gazette made a mathematical error in calculating Google’s total payments under the agreement.

According to Entergy, the $443 million upfront payment and $83 million in annual minimum payments must be considered over the full 20-year initial term of the contract.

Using that calculation:

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$443 million + ($83 million × 20 years) = approximately $2.103 billion.

Entergy told KATV that the distinction is significant and argued that Google will ultimately pay substantially more than the $1.6 billion cost of constructing Cypress Solar.

The utility also says the Google agreement provides approximately $1.1 billion in additional net benefits to Arkansas customers.

Entergy requested that the Democrat-Gazette correct its calculation and apologize for what the utility described as misinformation that caused unnecessary concern among customers.

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What Google previously promised

The dispute is particularly notable because Google publicly stated during the October 2025 groundbreaking ceremony for its West Memphis data center that it intended to cover the full cost of powering the facility.

Google President and Chief Investment Officer Ruth Porat said at the ceremony:

“We are also collaborating with Entergy, an amazing partner, the power distributor for customers in Arkansas, Louisiana, Mississippi, and Texas to ensure that we cover the full cost of powering the facility to keep rates down for ratepayers.”

Entergy says the newly released information does not contradict that commitment because Google’s payments extend throughout the 20-year agreement.

Entergy sues over release of confidential documents

Entergy’s lawsuit goes beyond the disagreement over the numbers.

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The utility alleges that the Democrat-Gazette and Arkansas Times obtained nonpublic documents from a private citizen who received them from the Arkansas Public Service Commission through a public records request.

Entergy argues that the commission mistakenly released highly sensitive information that contained trade secrets belonging to both Entergy and Google.

The utility asked a federal court for a temporary restraining order and preliminary and permanent injunctions preventing the newspapers from further using or publishing the alleged trade-secret information.

Entergy said disclosure of the information could cause irreparable harm to both its business and Google.

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However, the case raises an important question about the intersection of government transparency and private-company confidentiality:

If a government agency mistakenly releases information in response to a public records request, can the government or a private company later prevent the person who received that information from publishing it?

According to Robert Steinbuch, a professor at the University of Arkansas at Little Rock Bowen School of Law, there are competing interests involved.

Steinbuch told KATV that while Entergy and Google could potentially suffer harm from the disclosure of legitimate trade secrets, the public also has an interest in information obtained from the government.

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The key question, he said, is whether the information actually qualifies as a legally protected trade secret.

Trade secrets generally receive protection under the law, but that protection does not automatically apply simply because a company considers information confidential.

Steinbuch said any injunction would likely need to be narrowly tailored to specific information that actually qualifies as a trade secret.

He also questioned whether information concerning how much Google pays for electricity would meet the legal definition of a trade secret.

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Judge denies Entergy’s request for restraining order

The initial court battle has already produced a ruling.

On Wednesday afternoon, U.S. District Judge Lee Rudofsky denied Entergy’s request for a restraining order against the Arkansas Democrat-Gazette and Arkansas Times.

That ruling means Entergy did not obtain the immediate restriction on publication that it requested.

The broader legal dispute, however, remains significant because it could ultimately address what information obtained through an Arkansas public records request can be withheld or protected when private companies claim trade-secret protections.

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Entergy says Google is protecting other ratepayers

Entergy maintains that the Google agreement was structured to protect existing Arkansas customers from the cost of serving the enormous new data center.

In a statement provided to KATV, Entergy said Google is:

  • Paying for 100% of its power needs and more.
  • Subject to termination penalties and guarantees designed to protect other customers.
  • Making monthly payments throughout the 20-year contract.
  • Contributing to fixed system costs, which Entergy says reduces costs for other customers.

Entergy described the Google agreement as the single largest benefit to existing Entergy Arkansas customers in the company’s history, saying it aligns with its Fair Share Plus Pledge and federal Ratepayer Protection Pledge.

The utility also emphasized that although portions of the contract may be confidential to news organizations, the agreement has been reviewed by public officials responsible for regulating Arkansas utilities, including the Arkansas Public Service Commission, its staff and the Arkansas Attorney General.

The enormous electricity demand behind the deal

Regardless of the ongoing dispute over the payment calculations, there is no question that Google’s West Memphis data center will require an enormous amount of electricity.

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According to documents reviewed by the Democrat-Gazette, Google is expected to begin taking electric service in February 2027.

Initially, the facility is expected to have a minimum bill demand of 40 megawatts, with a maximum contract demand of 50 megawatts.

Over the following two and a half years, Google’s electricity demand is expected to increase significantly.

By October 2029, the data center is expected to reach a minimum bill demand of 480 megawatts, with a maximum contract demand of 600 megawatts.

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The documents indicate that Google’s demand is expected to grow faster than Entergy can bring new generation online.

As a result, Entergy plans to purchase additional electricity from the market to serve the data center until additional generation becomes available.

Why Cypress Solar matters

Cypress Solar is one piece of the larger power system that will serve Google’s West Memphis operation.

The facility will consist of a 600-megawatt solar field and 350 megawatts of battery storage and is currently scheduled for completion in the fourth quarter of 2028.

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Google’s interest in Cypress Solar also involves renewable energy credits, which provide documentation that electricity is generated from renewable sources such as solar power.

Google can use those credits to support its corporate clean-energy goals, including offsetting reported greenhouse gas emissions associated with its data centers.

Arkansas customers are already paying more

The Cypress Solar project is also significant to Arkansas residents because it is one of three new generation projects contributing to higher Entergy residential bills.

Beginning in June, Entergy residential customers began paying an additional $5.77 per month associated with the three new generation projects.

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That makes the financial structure of the Google agreement an important issue for Arkansas ratepayers.

Entergy says Google’s long-term payments will ultimately more than cover the costs associated with serving the data center and will provide substantial benefits to existing customers.

The Democrat-Gazette’s reporting raised questions about the amount Google would pay toward Cypress Solar and how those payments would be treated under the agreement.

Entergy has strongly disputed that characterization, arguing that the full 20-year payment commitment means Google will pay approximately $2.1 billion under the figures cited in the documents.

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A 20-year agreement with a potentially massive termination fee

The Google-Entergy special rate contract has an initial term of 20 years.

After that, the agreement automatically renews in successive three-year terms unless either party provides notice of termination or non-renewal.

The contract also contains significant financial protections for Entergy.

According to the documents, Google could face a termination fee of approximately $2 billion if it breaches the agreement during the first 13 years. That fee gradually declines during the remainder of the initial 20-year term.

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Alphabet Inc., Google’s parent company, will guarantee the payment.

A deal that will continue to draw scrutiny

The Google data center represents one of the largest economic and infrastructure developments in Arkansas in recent years.

It also creates an unprecedented demand for electricity and requires billions of dollars in investment in generation, transmission and infrastructure.

Entergy says the agreement will ultimately protect existing customers and deliver more than $1.1 billion in net benefits to Arkansas customers.

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Meanwhile, questions remain about the agreement’s confidential provisions, how Google’s payments are classified, the effect on Entergy’s rate base and what information the public should be able to access regarding a deal involving significant public utility infrastructure.

The legal battle between Entergy and Arkansas media organizations could provide additional answers as the case moves forward.

Source Articles Linked Below

Arkansas Democrat Gazette: https://www.arkansasonline.com/news/2026/aug/31/google-to-pay-entergy-arkansas-526-million-for/

KATV: https://katv.com/news/local/entergy-sues-democrat-gazette-ar-times-for-publishing-secret-google-data-center-details

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South Arkansas Now credits Arkansas Democrat-Gazette reporter Sydney Sasser for the original reporting and reporting that brought the details of the Google-Entergy agreement to light. Additional information regarding the lawsuit and Entergy’s response was reported by KATV.

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El Dorado School District Releases Memorial Stadium Guidelines for 2026-27 Football Season

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EL DORADO, AR – As Wildcats fans prepare for another season of Friday night football, the El Dorado School District has released its Memorial Stadium guidelines for the 2026-27 school year.

The guidelines are designed to help provide a safe, organized and family-friendly environment for students, parents and community members attending events at the stadium.

One of the biggest changes fans will notice during Friday night varsity football games involves access to the area underneath the home bleachers.

The area, which includes the concession stand, restrooms and snow cone stand, is intended for guests to access those services and is not designated as a student gathering or hangout area.

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Under the new procedures:

  • Students in grades K-6 must be accompanied by an adult when going underneath the bleachers.
  • Students in grades 7-12 may go underneath the bleachers without an adult, but only five students will be allowed down each ramp at one time.
  • Once a student returns to the bleachers, another student may enter the area.
  • The procedures will remain in effect throughout the game, with the exception of halftime.

Admission and Re-Entry

For regular-season games, El Dorado School District teacher and staff ID badges will admit the employee only. Family members and guests must purchase tickets.

District-issued sports passes, senior citizen passes and Arkansas Activities Association passes will also be accepted during regular-season games.

For playoff games, only purchased tickets or AAA passes will be accepted. Staff IDs and name tags will not be accepted.

AAA passes may be presented digitally on a phone or as a paper copy accompanied by a valid ID. National Federation of State High School Associations cards will not be accepted.

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The district also reminds families that students in Pre-K through sixth grade must remain with a parent or adult guardian throughout the event. Students in grades 7-12 cannot serve as the adult guardian for younger students.

Fans should also plan carefully if they leave the stadium. Guests who leave must pay to re-enter, while students who leave the stadium will not be readmitted. Suspended or expelled students are not permitted to attend stadium events.

Clear Bag Policy and Other Rules

The district’s Clear Bag Policy will be enforced at all events. Outside food and drinks, including tumblers, are not permitted.

Diaper bags and medical supply bags are allowed but will be subject to inspection. Large signs, including posters and “fatheads,” are also prohibited.

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Only registered service animals are permitted inside the stadium.

Smoking and vaping are prohibited, although smoking passes may be issued to adults age 21 and older at halftime.

The district’s dress code and discipline policies will also be enforced at Memorial Stadium.

The El Dorado School District said the rules are intended to help keep the stadium safe and organized while allowing fans to enjoy Wildcat football.

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The district encourages fans to familiarize themselves with the guidelines before attending games this season.

REMEMBER: IF YOU CANNOT MAKE IT TO THE GAME, THE ENTIRE GAME WILL BE STREAMED LIVE VIA SOUTH ARKANSAS NOW’S YouTube and Facebook pages! Go Wildcats! 💜🏈

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South Arkansas 9-Year-Old Hunter Harrison Earns Top 20 Spot in Youth Athlete of the Year Competition

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At just 9 years old, Hunter Harrison is already learning lessons that extend far beyond the softball field: the importance of hard work, commitment, time management and giving your best effort in everything you do.

Hunter has been dedicated to softball for most of her life, beginning with T-Ball at just 2 years old. Since then, the game has become a major part of her life, and she has continued to grow as a versatile player who is willing to take on whatever role her team needs.

This past season, Hunter had the opportunity to represent the Louisiana Bombers Elite 8U in the Louisiana All-State Tournament. The opportunity came after she was forced to miss the Arkansas All-State Tournament the previous week so she could support her older brother, Will, who was competing in the USSSA 13U All-American Games in Florida.

Hunter responded to the adversity by helping lead her team, Geaux Gems 8U, to a championship in the 8U Louisiana All-State Tournament division.

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Her softball journey has continued to expand. Hunter recently began playing for former ULM Warhawks standouts Rochelle Roberts-Scioneaux and Harley Scioneaux with the Monroe Talons 10U. She also plays with the Louisiana Diamond Sluggers 9U, coached by Shelby Bonner and Greg Harrison, competing in tournaments throughout the South Arkansas and Louisiana region.

One of Hunter’s biggest strengths is her versatility. She has learned to effectively play any position her coaches ask of her, including catcher, pitcher and outfield.

More importantly, those around her say Hunter strives to be coachable, maintain a positive attitude, give her best effort and accept whatever role she is asked to play to help her team succeed.

Along the way, she has also had the opportunity to meet some of the players she looks up to. Hunter will always remember meeting Arkansas Razorbacks softball players Bri Ellis and Kailey Wyckoff last spring, as well as CJ Beatty this spring.

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More Than Softball

While softball is a major part of Hunter’s life, it is far from her only commitment.

A fourth-grade student at West Side Christian School, Hunter stays busy participating in a variety of sports and activities. In addition to softball, she plays flag football and basketball, competes in dance with Lucy’s Ladies, participates on the West Side Jr. Cheer Squad and recently joined the West Side Christian Archery team.

Balancing all of those activities at such a young age has helped Hunter develop the time-management skills necessary to keep up with her responsibilities both in and out of school.

Hunter has also spent years looking up to her older sister, Maddie, 14, and older brother, Will, 13. She has supported both siblings throughout their successful athletic careers, including Maddie’s softball career with UC Softball and Will’s baseball career with the El Dorado Oilers and El Dorado Drillers.

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With both of her older siblings now moving forward with their high school careers as West Side Warriors, Hunter hopes to continue improving every part of her own game while following the example they have set for her.

Despite her busy schedule and athletic ambitions, Hunter’s priorities remain centered on her faith and academics. She strives to continue growing as an athlete while keeping her faith in her Savior, Jesus Christ, and her education at the forefront.

Following Her Mother’s Example

Hunter’s ability to balance a busy schedule is also influenced by her mother, Kelli Harrison, who has served as an example of what it means to maintain a strong work-life balance while staying involved in the community.

For the past eight years, Kelli has owned and operated The Olde Towne Store. She has also served as a substitute teacher for West Side Christian School, was one of the original five employees of the Murphy Arts District and has volunteered in numerous roles with the City of El Dorado and the El Dorado/Union County Chamber of Commerce.

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Hunter’s story is ultimately about more than wins, tournaments and statistics. It is about a young athlete learning how to work hard, manage her time, support her family, remain coachable and continue growing both on and off the field.

Help Hunter Reach the Top 15

Hunter is currently ranked 14th among the Top 20 in the 3Brand Youth Athlete of the Year competition, sponsored by CBS and Sports Illustrated.

The field will be narrowed from the Top 20 to the Top 15 at midnight on September 4, making the next few days especially important for Hunter and her supporters.

Those who would like to support Hunter Harrison in her goal of becoming the 3Brand Youth Athlete of the Year are encouraged to cast their vote and help her remain among the Top 15.

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For Hunter, it is another opportunity to put the same lessons she has learned on the softball field into action: work hard, stay positive, support your team and never stop giving your best.

 

Vote for Hunter here: https://athleteoftheyear.org/2026/hunter-30ba

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Baptist Health Earns Recognition on Newsweek’s 2026 America’s Greatest Workplaces Lists

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LITTLE ROCK, Ark. – Baptist Health, Arkansas’ most comprehensive health care organization, is proud to announce today that it has been named one of America’s Greatest Workplaces in Arkansas 2026 and one of America’s Greatest Workplaces in Health Care 2026 by Newsweek and Plant-A Insights Group.

These recognitions honor organizations that are successfully building people-first workplaces in today’s evolving business environment. The awards are based on an evaluation of publicly available data and a confidential nationwide employee survey.

“At Baptist Health, we view our healing ministry as a calling that begins with how we care for our own, said Cathy Dickinson, chief human resources officer at Baptist Health. “Being recognized as a quality workplace is a testament to our team’s shared commitment to compassion, respect and excellence. We are honored to foster an environment where every member of our ministry feels supported, valued and empowered to continue their important work of healing.”

The comprehensive evaluation highlights organizations that prioritize employee well-being, strong leadership, fair compensation and work-life balance, as well as overall employee satisfaction and workplace culture.

The dual awards reflect Baptist Health’s commitment to excellence on both a regional and industry-specific level.

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Jennifer H. Cunningham, Newsweek editor-in-chief, noted, “Career vibes vary wildly depending on where you live. Newsweek and Plant-A Insights focused on a state-by-state breakdown to help you cut through the noise, spot the best local workplaces, and secure a job that actually aligns with your real-life needs.”

Addressing the specific challenges of the medical field, Cunningham also added: “Faced with severe post-pandemic staffing shortages and systemic burnout, the health care industry must fundamentally rethink how it supports its frontline workers. Newsweek’s ranking offers a rigorous evaluation of the hospitals and care networks that are actively prioritizing provider well-being and psychological safety. By honoring institutions that champion sustainable workloads and supportive leadership, we are defining the gold standard for workplaces where care providers can truly thrive.”

About Baptist Health

Baptist Health, Arkansas’ most comprehensive health care organization, has provided high-quality care rooted in Christian compassion and innovation for over a century. As the state’s largest private not-for-profit health system, Baptist Health is here For You. For Life. With more than 300 points of access, our extensive network includes 14 hospitals, over 75 primary and specialty care clinics, urgent care centers, a senior living community, and educational programs, including a college for nursing and allied health studies and a graduate residency program. Supported by approximately 12,000 employees and renowned physicians, we deliver groundbreaking treatments and impactful community outreach programs. Baptist Health is proud to be certified as a Great Place to Work and was recognized by Newsweek as one of America’s Most Admired Workplaces in 2026. To learn more, visit Baptist-Health.org, call Baptist Health HealthLine at 1-888-BAPTIST or download the myBaptistHealth app. Stay connected with us on FacebookYouTube and Instagram.

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