Magnolia Oil & Gas Corp

Magnolia Oil & Gas Corp. engages in oil and gas exploration and production business. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on July 31, 2018 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Magnolia Oil & Gas Corp reports record 2022 results and plans for steady growth

Magnolia Oil & Gas Corp delivered a record year in 2022 with strong financial performance, high production, and enhanced shareholder value through share repurchases and dividend growth. The company's focus on cost management and operational efficiency led to a 63% pre-tax operating margin.
Despite challenges in predicting short-term results and balancing capital allocation, Magnolia remains well-positioned with significant cash reserves, expansion plans, and a commitment to steady dividend growth. Opportunities lie in expanding development programs, potential acquisitions, and maintaining financial prudence for long-term success.

Magnolia Oil & Gas Corp (MGY) reports strong Q1 results and focuses on financial strength and shareholder value

Magnolia Oil & Gas Corp (MGY) delivered a robust performance in Q1 2023, marked by production growth, free cash flow, and prudent cost management. The company's emphasis on financial strength, shareholder value, and operational efficiency positions it well for future growth. Addressing challenges and capitalizing on opportunities will be key for sustained success.

Magnolia Oil & Gas Corp reports robust Q2 earnings performance

Magnolia Oil & Gas Corp delivered strong financial performance in Q2 2023, driven by production growth, cost-saving initiatives, and shareholder-focused strategies, despite analyst concerns about transparency and valuation.
The company's emphasis on efficiency, capital discipline, and strategic acquisitions positions it well for future growth opportunities and value creation, with a commitment to enhancing shareholder returns and operational excellence.
Navigating challenges related to market dynamics, inflation, and investor sentiment will be crucial for Magnolia to sustain its growth trajectory, capitalize on opportunities, and address areas for improvement to drive long-term success.

Magnolia Oil & Gas Corp reports record production and strong financials

Magnolia Oil & Gas Corp's Q3 2023 performance reflects strong operational results, robust financial management, and a strategic focus on shareholder value. Despite challenges in service costs and steel price uncertainties, the company remains optimistic about future prospects, driven by acquisitions and operational enhancements.

Magnolia Oil & Gas Corp reports robust Q4 performance and growth outlook

Magnolia Oil & Gas Corp delivered a strong performance in Q4 2023, showcasing operational excellence and financial resilience.
The company's strategic focus on efficiency, cost discipline, and shareholder value creation positions it well for sustainable growth.
Despite facing challenges in maintaining production growth, Magnolia's robust balance sheet, operational strengths, and growth opportunities bode well for its future success.

Magnolia Oil & Gas Corp excels in Q1 2024, eyes growth through efficiency and acquisitions

Magnolia Oil & Gas Corp delivered strong Q1 results with robust production growth, efficient cost management, and strategic acquisitions, positioning the company for sustained performance and value creation.
The focus on operational excellence, cash flow generation, and shareholder returns underscores management's commitment to driving long-term growth and maximizing asset potential.
While challenges exist in cost reduction targets and refrac work decisions, Magnolia Oil & Gas Corp's strategic initiatives and focus on high-margin assets offer opportunities for continued growth and value enhancement.
By balancing operational efficiencies, capital allocation, and growth strategies, the company aims to optimize resource utilization, drive profitability, and enhance shareholder value in a competitive market environment.

Magnolia Oil & Gas Corp (MGY) reports robust Q2 performance

Magnolia Oil & Gas Corp (MGY) delivered a strong Q2 performance with production growth, financial stability, and strategic acquisitions driving positive results.
While facing challenges in a volatile market environment, Magnolia's operational efficiency and financial resilience position it well for future growth and profitability.
By capitalizing on opportunities for expansion, innovation, and sustainability, Magnolia can navigate challenges and drive value for shareholders in the energy sector.

Magnolia Oil & Gas Corp reports strong Q3 performance and growth opportunities

Magnolia Oil & Gas Corp demonstrated operational strength and efficiency in Q3 despite challenges from midstream facility outages.
The company's financial position remains robust with strong cash reserves and operational growth in key areas like the Giddings region.
Opportunities for further growth and investment exist through additional drilling, capital spending, and sustained production levels.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces First Quarter 2023 Results.

Magnolia Oil & Gas Corporation Announces First Quarter 2023 Results

HF Sinclair Corp

Evolution Petroleum

Enerplus

PBF Energy

Phillips 66

Valero Energy

While the narrative of undervalued energy stocks to buy might not seem so pressing right now, investors may want to get in before the wave does. Early last month, the alliance between the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations — known as OPEC+ — shocked the market with unexpected production cuts.

The 7 Most Undervalued Energy Stocks to Buy in May 2023

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Magnolia Oil & Gas Corporation (NYSE: MGY) (f/k/a TPG Pace Energy Holdings Corp.) concerning the Company and its directors' and officers' possible violations of state laws. If you own Magnolia stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Pa.

Glancy Prongay & Murray LLP Announces Investigation of Magnolia Oil & Gas Corporation (MGY) (f/k/a TPG Pace Energy Holdings Corp.)

Magnolia Oil & Gas Corp (MGY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Magnolia Oil & Gas Corp (MGY) Q1 Earnings Expected to Decline

Magnolia Oil & Gas Corp (MGY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Magnolia Oil & Gas Corp (MGY) Could Beat Earnings Estimates Again

Chord Energy Corp

Coterra Energy

Cenovus Energy

Devon Energy

Matador Resources

Thanks to the surprise production cuts from the alliance between the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations — known as OPEC+ — oil stocks to buy suddenly got extremely compelling. Further, a key question sprouted regarding future monetary policy.

7 Oil Stocks to Buy on OPEC's Surprise Production Cuts

Cheniere Energy

Northern Oil and Gas

PDC Energy Inc

Although the Zacks Oil and Gas - US E&P industry is going through a tough period, we advise focusing on fundamentally sound companies like LNG, MGY, PDCE and NOG.

4 U.S. Upstream Stocks That Investors Should Consider

Arch Resources

Marathon Petroleum

While the inflation volcano and the geopolitical crisis of Russia's invasion of Ukraine bolstered energy stocks to buy last year, in the new year, circumstances don't seem so auspicious. With the Federal Reserve committed to tackling rising prices through interest rate hikes, commoditized products – including energy resources – seem destined to decline.

7 Energy Stocks to Buy at Discount Prices

With the forces of geopolitics and social normalization trends converging, investors may want to consider energy stocks sitting in the sweet spot. What exactly does that entail, though?

7 Energy Stocks Sitting in the Sweet Spot

Magnolia Oil & Gas Corp (MGY) projects first-quarter capital spending at $140-$150 million and output of 80,000-82,000 boe/d.

Magnolia Oil & Gas' (MGY) Q4 Earnings Beat, Revenues Miss

Magnolia Oil & Gas Corporation (NYSE:MGY ) Q4 2022 Earnings Conference Call February 15, 2023 11:00 AM ET Company Participants Jim Johnson - Investor Relations Chris Stavros - President & Chief Executive Officer Brian Corales - Senior Vice President & Chief Financial Officer Conference Call Participants Leo Mariani - ROTH MKM Geoff Jay - Daniel Energy Partners Nicholas Pope - Seaport Research Tim Rezvan - KeyBanc Noel Parks - Tuohy Neal Dingmann - Truist Operator Good morning and welcome to the Magnolia Oil & Gas Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in a listen-only mode.

Magnolia Oil & Gas Corporation (MGY) Q4 2022 Earnings Call Transcript

Magnolia Oil & Gas Corp (MGY) delivered earnings and revenue surprises of 13.16% and 0.71%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Magnolia Oil & Gas Corp (MGY) Q4 Earnings Surpass Estimates

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces 2022 Fourth Quarter and Year-End Results

Magnolia Oil & Gas Corporation Announces 2022 Fourth Quarter and Year-End Results

Magnolia appears capable of generating over $500 million in free cash flow in 2023 at current strip prices. It also intends to grow production by 10% in 2023 with a reinvestment rate that could be under 50%.

Magnolia Oil & Gas: Over $500 Million In Projected FCF In 2023

HOUSTON--( BUSINESS WIRE )--Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a cash dividend of $0.115 per share of Class A common stock, and a cash distribution of $0.115 per Class B unit payable on March 1, 2023 to shareholders of record as of February 10, 2023. Today's announcement represents a 15 percent increase to Magnolia's quarterly dividend rate and would provide an annualized dividend payout rate of $0.46 per share. Although still a young company, this action marks our third consecutive year with an increase in the annual dividend payout per share. Our next quarterly dividend is expected to be declared in May and paid in June.

Magnolia Oil & Gas Increases Quarterly Dividend 15 Percent

Magnolia (MGY) reported preliminary Q4 2022 oil and gas production levels in the range of 73 to 74 Mboe per day.

Magnolia (MGY) Trims Q4 Output Target But Keeps 2023 Outlook

HOUSTON--( BUSINESS WIRE )--Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2022 on Wednesday, February 15 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).

Magnolia Oil & Gas Schedules Conference Call for Fourth Quarter and Full Year 2022 Results

HOUSTON--( BUSINESS WIRE )--Magnolia Oil & Gas Corporation (NYSE: MGY) announced preliminary fourth quarter 2022 estimated oil and gas production volumes in the range of 73 to 74 Mboe per day, compared to the midpoint of the Company's earlier guidance of 78 Mboe per day.

Magnolia Oil & Gas Announces Preliminary Fourth Quarter 2022 Production

What stock should you invest in for 2023, if you are bullish oil but are concerned about the potential for stock market volatility due to a recession? In this article, I will evaluate Magnolia Oil & Gas, a pure-play oil and gas producer in the re-emerging Austin Chalk play in Texas.

Magnolia Oil & Gas: A Top-Pick Oil Stock To Invest In For 2023

Magnolia Oil & Gas Corp (MGY) reported earnings 30 days ago. What's next for the stock?

Magnolia Oil & Gas Corp (MGY) Up 4.4% Since Last Earnings Report: Can It Continue?

Magnolia's total production in Q3 2022 was 7% above the high-end of its guidance. It also managed to exceed the high-end of its production guidance in Q2 2022.

Magnolia Oil & Gas: Outstanding Performance In Q3 2022

Magnolia's (MGY) stock price rises after its third-quarter earnings and revenues beat the consensus mark due to higher production.

Magnolia (MGY) Shares Rise 8% Since Q3 Earnings & Sales Beat

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or the “Company”), today announced the pricing of the previously announced underwritten block trade of 7,500,000 shares of the Company's Class A common stock (the “Class A Common Stock”) by certain affiliates of EnerVest, Ltd.

Pricing of EnerVest Block Trade of 7,500,000 Shares of Class A Common Stock of Magnolia; Magnolia Agreement to Purchase 2,000,000 Shares of Class B Common Stock from EnerVest

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or the “Company”), today announced the proposed underwritten block trade (the “Offering”) of 7,500,000 shares of the Company's Class A common stock (the “Class A Common Stock”) by certain affiliates of EnerVest, Ltd.

EnerVest Proposed Block Trade of 7,500,000 Shares of Class A Common Stock of Magnolia; Magnolia Intention to Purchase 2,000,000 Shares of Class B Common Stock from EnerVest

Magnolia Oil & Gas Corporation (NYSE:MGY ) Q3 2022 Results Conference Call November 2, 2022 11:00 AM ET Company Participants Christopher Stavros - President and Chief Executive Officer Brian Corales - Chief Financial Officer Conference Call Participants Leo Mariani - MKM Neal Dingmann - Truist Securities Charles Meade - Johnson Rice Umang Choudhary - Goldman Sachs Tim Rezvan - KeyBanc Capital Markets Geoff Jay - Daniel Energy Partners Paul Diamond - Citi Operator Good day, and welcome to the Magnolia Oil Third Quarter 2022 Conference Call. All participants will be in a listen-only mode.

News for Magnolia Oil & Gas Corp Stock (MGY)