# Magnolia Oil & Gas — News Articles --- ## July 30, 2025 — Magnolia Oil & Gas Investor Relations # Magnolia Oil & Gas Corporation Announces Second Quarter 2025 Results ## Financial Performance Net income for Q2 2025 reached $81.0 million, down 23% from $105.1 million in Q2 2024. The company reported adjusted EBITDAX of $223.2 million, representing a 9% decline year-over-year. Diluted earnings per share decreased to $0.41 from $0.51. As the CEO noted: "Strong well productivity, capital efficiencies and high operating margins are all characteristics prevalent in Giddings." ## Production Metrics Total company production grew 9% to 98.2 thousand barrels of oil equivalent daily, including 40.0 thousand barrels of oil per day—both quarterly records. Giddings production increased 11% year-over-year to 77.4 Mboe/d, representing 79% of total volumes. ## Capital and Cash Flow Drilling and completions capital totaled $95.2 million, approximately 43% of adjusted EBITDAX. Operating cash flow reached $198.7 million, generating free cash flow of $107.5 million. ## Strategic Developments Magnolia completed multiple acquisitions in late June and early July for approximately $40 million, adding 18,000 net acres and roughly 500 Mboe/d production. The company expanded its Giddings development area by 20% to 240,000 net acres. ## Updated Guidance Full-year 2025 production growth guidance increased to approximately 10% from 7-9%, while maintaining D&C capital guidance of $430-$470 million. ## Shareholder Returns The company returned $77.9 million to shareholders through dividends and $48.7 million in share repurchases during Q2. --- ## October 15, 2025 — Benzinga # Magnolia Oil & Gas Upgraded On Finances, Brighter Oil Outlook KeyBanc analyst Tim Rezvan upgraded Magnolia Oil & Gas Corporation (NYSE: MGY) from Sector Weight to Overweight with a $29 price target. At the time of publication, MGY shares traded down 0.13% at $23.05. ## Analyst's Rationale Rezvan highlighted several company strengths: "minimal leverage (0.1x), a balanced production mix (41% oil, 69% liquids), and a reliable cash return framework." However, the analyst views managing growth expectations as the primary challenge, given the company's 55% EBITDA reinvestment capacity could support double-digit production growth if needed. ## Price Forecasts For 2027, the analyst introduced estimates based on $65/barrel WTI and $3.85/mcf Henry Hub natural gas. Rezvan believes current oil price softness is temporary, expecting market rebalancing by mid-2026 as global economic strength absorbs excess supply. The analyst projects oil prices have bottomed, with Henry Hub remaining below $4/mcf. Current market headwinds -- including slower free cash flow and declining Tier 1 inventory -- are fueling merger speculation within the energy sector. --- ## October 29, 2025 — Magnolia Oil & Gas Investor Relations # Magnolia Oil & Gas Corporation Announces Third Quarter 2025 Results ## Financial Highlights Magnolia reported Q3 2025 net income of $78.2 million, or $0.40 per diluted share, compared to $105.9 million ($0.52 per share) in Q3 2024. Adjusted net income reached $77.8 million versus $100.3 million year-over-year. Adjusted EBITDAX totaled $218.8 million in Q3 2025, down 10% from $243.6 million in the prior-year quarter. The company generated $247.1 million in operating cash flow and $133.9 million in free cash flow during the period. ## Operational Performance Total production reached a quarterly record of 100.5 thousand barrels of oil equivalent per day (Mboe/d), representing 11% year-over-year growth. Oil production averaged 39.4 Mbbls/d. The Giddings area contributed 79.2 Mboe/d, up 15% year-over-year, with oil volumes increasing 5%. The company stated: "Giddings wells results have not only outperformed our expectations but have exceeded levels of the last couple of years." ## Capital and Shareholder Returns D&C capital spending was $118.4 million, representing 54% of adjusted EBITDAX. The company repurchased 2.15 million Class A shares for $51.4 million and returned $80.3 million (60% of free cash flow) to shareholders through dividends and buybacks. Cash position improved to $280.5 million with an undrawn $450 million credit facility. ## 2025-2026 Outlook Full-year 2025 production growth is projected at approximately 10%. The company expects Q4 production near 101 Mboe/d, with both total and oil production reaching annual highs. For 2026, guidance indicates mid-single digit production growth while maintaining capital spending below 55% of adjusted EBITDAX. --- ## January 9, 2026 — Benzinga # Forecasting The Future: 5 Analyst Projections For Magnolia Oil & Gas Five analysts evaluated Magnolia Oil & Gas over the past three months, presenting a range of perspectives from optimistic to cautious. The collective analysis reveals modest upward momentum in price expectations. ## Price Targets & Ratings Summary Analysts provided an average 12-month price target of $27.20, with estimates spanning from $23.00 to $31.00. This represents a slight 0.74% increase from the prior average target of $27.00. **Rating Distribution:** - Bullish: 1 - Somewhat Bullish: 2 - Indifferent: 2 - Somewhat Bearish: 0 - Bearish: 0 ## Individual Analyst Actions | Analyst | Firm | Action | Rating | Current Target | Prior Target | |---------|------|--------|--------|----------------|--------------| | Phillip Jungwirth | BMO Capital | Initiates | Outperform | $27.00 | -- | | Tim Moore | Clear Street | Maintains | Buy | $31.00 | $31.00 | | Mark Lear | Piper Sandler | Lowers | Neutral | $23.00 | $25.00 | | William Janela | Mizuho | Raises | Neutral | $26.00 | $25.00 | | Tim Rezvan | KeyBanc | Initiates | Overweight | $29.00 | -- | ## Company Background Magnolia Oil & Gas is an independent oil and natural gas producer focusing on Eagle Ford Shale and Austin Chalk formations in South Texas, targeting sustained organic production growth and efficient capital deployment. ## Financial Performance Metrics **Strengths:** - Net margin of 22.92% exceeds industry benchmarks - Return on Equity of 3.83% surpasses sector averages - Return on Assets of 2.58% demonstrates solid asset management - Debt-to-equity ratio of 0.21 indicates conservative leverage **Challenges:** - Revenue declined approximately 2.46% over three months as of September 30, 2025 - Market capitalization remains below industry norms --- ## February 5, 2026 — Stock Titan # Magnolia Oil & Gas Corporation Announces 2025 Fourth Quarter and Year End Results Magnolia Oil & Gas delivered strong 2025 performance with full-year net income of $337.3 million and production growth of 11% year-over-year, averaging 99.8 thousand barrels of oil equivalent per day. The company generated $426.6 million in free cash flow during 2025 while returning 75% to shareholders through dividends and share repurchases. Management repurchased 8.9 million shares, reducing diluted weighted average shares by 4.4%. **Production metrics:** Fourth quarter 2025 output reached a record 103.8 Mboe/d, with oil production climbing to 40.7 Mbbls/d—also a quarterly high. Giddings operations represented 79% of total volumes with 16% year-over-year growth. Capital spending totaled $460.7 million in 2025, representing a 51% reinvestment rate of adjusted EBITDAX. The company achieved organic proved developed finding and development costs of $9.25 per barrel of oil equivalent while adding 49.8 MMboe in reserves. **Shareholder returns:** The board increased the quarterly dividend 10% to $0.165 per share, marking the fifth consecutive annual increase since initiating dividends in 2021. This represents an annualized rate of $0.66 per share. **2026 guidance:** Magnolia projects D&C capital spending between $440-480 million with approximately 5% production growth expected. --- ## February 9, 2026 — AlphaStreet News # Operational Efficiency Powers MGY to Historic Production and Dividend Lift Magnolia Oil & Gas Corp, a Houston-based exploration and production company focused on South Texas assets, reported strong fourth-quarter and full-year 2025 results, driving modest share appreciation in early February. ## Q4 2025 Performance - Net income declined 20% year-over-year to $71.4 million - Adjusted net income fell 25% - Diluted earnings per share decreased 16% to $0.37 - Adjusted EBITDAX totaled $215.7 million, down 9% - Capital expenditures on drilling and completions: $116.5 million (11% reduction) - Average daily production rose 11% to a company-record 103.8 Mboe/d ## Full-Year 2025 Performance - Net income: $337.3 million (down 15% from 2024) - Adjusted EBITDAX: $906.1 million (down 5%) - Capital spending: $460.7 million (51% of adjusted EBITDAX) - Average production: 99.8 Mboe/d (up 11%) - Operating cash flow: $878.6 million - Free cash flow: $426.6 million ## Operational Achievements The company achieved "record quarterly production" and demonstrated operational excellence through several metrics: - Giddings asset contributed 79% of total volumes with 16% year-over-year growth - Drilling efficiency improved 8%; completed feet per day increased 6% - Lease operating expenses fell 7% to $5.12 per barrel of oil equivalent - Organic reserve replacement reached 137% of annual production - Finding and development costs: $9.25 per barrel of oil equivalent - Year-end cash balance: $266.8 million with $450 million undrawn credit facility ## Shareholder Returns Magnolia announced a 10% dividend increase to $0.165 per share quarterly, marking the fifth consecutive annual increase since dividend initiation in 2021. The company: - Returned 110% of Q4 free cash flow to shareholders - Returned approximately 75% of 2025 free cash flow through dividends and buybacks - Repurchased 8.9 million Class A shares, reducing diluted shares by 4.4% - Authorized 10 million additional shares for future repurchases ## 2026 Outlook Management expects: - Drilling and completions capital: $440–$480 million (consistent with 2025) - Production growth: approximately 5% - Q1 2026 production: 102 Mboe/d - Two drilling rigs and one completion crew maintained throughout the year The company maintains an unhedged commodity position, providing full exposure to oil and gas price movements while benefiting from its low-cost structure and strong balance sheet. --- ## February 9, 2026 — The Markets Daily # Magnolia Oil & Gas Q4 Earnings Call Highlights Magnolia Oil & Gas (NYSE:MGY) reported strong fourth-quarter and full-year 2025 results, emphasizing operational efficiency and shareholder returns during its earnings call. Management highlighted production growth, cost reductions, and sustained capital returns despite commodity price volatility. ## Production and Operations The company achieved full-year 2025 production growth of 11% to approximately 100,000 BOE/d. Oil production increased 4% to nearly 40,000 barrels per day. Field-level cash operating expenses declined 7% to $5.12 per BOE. In Q4 alone, Magnolia set company records with nearly 104,000 BOE/d total production and 40,700 barrels of oil per day, representing 3% sequential growth. The company attributed outperformance to stronger-than-expected well productivity that enabled deferral of completions into 2026. Management noted drilling efficiency improvements in the Giddings field, including an 8% increase in drilled feet per day and 6% improvement in completed feet per day during 2025. ## Financial Performance Q4 adjusted net income reached approximately $71 million, or $0.38 per diluted share. Adjusted EBITDA totaled $216 million, with drilling and completion capital representing 54% of EBITDA. Full-year 2025 adjusted EBITDA reached $906 million with D&C capital at 51% of EBITDA. Pre-tax operating margins averaged 33% despite "a more than 15% annual decline" in oil price realizations. Free cash flow exceeded $425 million. ## Shareholder Returns Strategy Magnolia returned approximately 75% of 2025 free cash flow to shareholders through dividends and buybacks. The company repurchased 8.9 million shares, reducing diluted share count by roughly 4.5%. The board approved a 10 million share increase to repurchase authorization. The company also announced a 10% dividend increase to $0.16 per share quarterly. ## Balance Sheet and Liquidity Year-end 2025 cash totaled $267 million. Total liquidity reached approximately $717 million, including an undrawn $450 million revolving credit facility. The company has $400 million senior notes maturing in 2032. ## Reserve Additions and Well Costs Proved developed reserves stood at 167 million BOE at year-end 2025. Excluding acquisitions and price-related revisions, the company added 50 million BOE of proved developed reserves. Organic proved developed finding and development costs reached $9.25 per BOE for 2025, with a three-year average of $9.85 per BOE. Standard Giddings wells have declined from approximately $1,100 per foot to roughly $1,000 per foot, typically spanning 8,000 to 8,500 feet. ## 2026 Outlook Management guided to 2026 D&C and facility capital of $440 million to $480 million, maintaining flat spending year-over-year. First-quarter D&C capital is expected to reach approximately $125 million—the highest quarterly rate of the year. First-quarter 2026 production guidance is approximately 102,000 BOE/d, including an estimated 1,500 BOE/d weather impact. Full-year 2026 production growth is anticipated at approximately 5%. Management indicated no plans to add rigs, noting that upside commodity pricing would flow to shareholders through returns and potentially opportunistic acquisitions. --- ## February 11, 2026 — Simply Wall St # Did Magnolia's Bigger Payouts and Buybacks Just Shift Magnolia Oil & Gas' (MGY) Investment Narrative? Magnolia Oil & Gas announced significant shareholder return initiatives in early February 2026. The company increased its quarterly dividend by 10% to $0.165 per share and expanded share repurchase authorization to 60 million shares. ## Financial Performance The company reported Q4 2025 revenue of $317.63 million and net income of $68.75 million. Full-year 2025 results showed $1.31 billion in revenue and $325.25 million in net income. First-quarter 2026 production guidance was set at approximately 102 Mboe/d. ## Investment Implications The dividend increase marks five consecutive years of dividend growth. However, analysts note the earnings declined year-over-year despite higher production volumes, raising questions about the sustainability of capital returns if commodity prices weaken. ## Risk Factors Magnolia's concentrated Eagle Ford and Giddings/Austin Chalk positions create significant exposure to oil and gas price volatility. The company maintains no commodity price hedges, making dividend sustainability contingent on strong energy markets. ## Valuation The narrative projects 2028 revenue of $1.6 billion with fair value estimated at $26.81 per share. --- ## March 2, 2026 — Daily Political # Magnolia Oil & Gas (NYSE:MGY) Sets New 12-Month High -- Here's Why Magnolia Oil & Gas Corp reached a new 52-week high during Monday trading, with shares hitting $29.10 before closing at $28.58 on volume of 371,320 shares, up from the previous close of $27.82. ## Analyst Activity Multiple research firms have recently weighed in on MGY's prospects. Benchmark maintained a "hold" rating, while BMO Capital Markets initiated coverage with an "outperform" rating and $27.00 price target. The Goldman Sachs Group raised its target from $23.00 to $26.00, assigning a neutral rating. UBS Group reaffirmed its "buy" rating with a $29.00 target, and Roth MKM also maintained a "buy" designation. The consensus assessment shows eight buy ratings and eight hold ratings, resulting in a "Moderate Buy" rating overall. Analysts project an average price target of $27.58. ## Financial Metrics & Performance The company boasts a market capitalization of $5.26 billion with a P/E ratio of 16.41 and beta of 0.96. Key balance sheet metrics include a debt-to-equity ratio of 0.20 and current ratio of 1.54. Most recently, the firm reported Q4 earnings of $0.37 per share, surpassing expectations by $0.01, with revenue of $317.63 million. ## Dividend Increase Management announced a quarterly dividend hike to $0.165 per share, yielding approximately 2.3% annually. --- ## March 28, 2026 — Houston Today (National Today) # Magnolia Oil & Gas Upgraded to Strong Buy at Zacks Research Zacks Research elevated Magnolia Oil & Gas (NYSE: MGY) from a "hold" to a "strong-buy" rating, recognizing the Houston-based energy firm's financial strength and expansion opportunities in the Eagle Ford Shale region of South Texas. ## The Upgrade Analysts at Zacks cited "solid financial performance" and recent earnings results as reasons for the rating change. The company holds significant interests in the Eagle Ford Shale, a productive oil and gas area. ## Market Impact This upgrade may drive increased investor interest in the independent exploration and production company. Other analysts have assigned the stock a "Moderate Buy" consensus rating. ## Timing The upgrade came Thursday, March 28, 2026, following Magnolia's quarterly earnings report from February 5, 2026. ## About the Companies **Magnolia Oil & Gas:** An independent energy firm focused on acquiring, developing, and optimizing onshore oil and gas assets in South Texas. **Zacks Research:** An equity research organization providing investment analysis and recommendations to institutional and retail investors. --- ## April 1, 2026 — Daily Political # Q1 EPS Estimates for Magnolia Oil & Gas Boosted by KeyCorp KeyCorp analyst Tim Rezvan boosted Q1 2026 EPS estimates for Magnolia Oil & Gas Corporation (NYSE: MGY) from $0.42 to $0.58. The full-year 2026 EPS estimate stands at $3.22, with quarterly estimates of $0.58 (Q1), $0.92 (Q2), $0.87 (Q3), and $0.85 (Q4). KeyCorp maintains an Overweight rating with a $38.00 price target — the highest among covering analysts. --- ## April 4, 2026 — Houston Today (National Today) # Magnolia Oil & Gas Earns 'Moderate Buy' Rating from Analysts Magnolia Oil & Gas holds a consensus "Moderate Buy" rating based on 17 analysts — 8 Hold, 8 Buy, and 1 Strong Buy. The average 12-month price target is $30.55, with a range from $25.00 to $38.00 (KeyCorp). Recent analyst actions include BMO Capital initiating with Outperform ($27), Goldman Sachs raising its target from $23 to $26 (Neutral), UBS reaffirming Buy ($29), and Roth MKM maintaining Buy. --- ## April 7, 2026 — Zacks # Magnolia Oil & Gas Added to Zacks Rank #1 (Strong Buy) List Zacks added Magnolia Oil & Gas (NYSE: MGY) to its Rank #1 (Strong Buy) list, citing upward revisions to earnings estimates. The stock traded at approximately $31.80, up 38% year-to-date, with a 30-day return of 9.2%. ## Key Financial Metrics - **Market capitalization:** ~$5.65 billion - **P/E ratio:** 16.4x - **Beta:** 0.96 - **Debt-to-equity:** 0.20 - **Current ratio:** 1.54 - **5-year total shareholder return:** +192% ## Insider Activity Recent insider selling includes Director Shandell Szabo selling 11,731 shares at ~$31.98 on March 30, and Director Edward Djerejian selling 18,000 shares at ~$28.98 on March 10. Over the past 90 days, insiders have sold approximately 339,000 shares worth ~$9.9 million. ## Upcoming Catalyst Magnolia's Q1 2026 earnings call is scheduled for May 7, 2026.