MGY
Magnolia Oil & Gas Corporation21.63
-0.71-3.18%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms discipline, ops details
Q&A largely reaffirms Magnolia's script of flat $440M-$480M capex driving 5% production growth via efficiencies, with no walk-backs. Chris Stavros credits Giddings well outperformance to precise placement in prime rock, well costs now ~$1,000/foot, and cycle times improving gradually. Bolt-ons persist despite rising competition and prices, shunning PDP-heavy deals for undeveloped upside. Buybacks mix 1% programmatic minimum with tactical dips; maintenance capex ~$400M for flat output. No rig adds, even at $70 oil. Confident tone has investors eyeing productivity durability.
Key Stats
Market Cap
4.13BP/E (TTM)
12.02Basic EPS (TTM)
1.80Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
Magnolia Oil & Gas delivered FY2025 production of 99.8 Mboe/d, up 11% y/y (derived), with total revenues flat at $1.31B despite a 15% oil price drop to $63.18/Bbl, offset by 17% gas volume growth to 68.9 Bcf and 79% higher gas prices at $2.76/Mcf. Q4 drove the momentum, pushing daily output from 89.7 Mboe/d in FY2024 via two-rig program yielding 53 net development wells, extensions adding 44.9 MMboe to proved reserves (total 210.2 MMboe). Lease operating expenses dipped to $5.12/boe while GTP rose on higher volumes; net income fell to $325M or $1.73/share. Strong cash flow funded $470M capex, $205M buybacks (8.9M shares), and $113M dividends, ending with $267M cash and $450M RBL capacity against $400M debt. Sustained low oil prices could crimp drilling economics.
8-K
Record production, strong cash returns
Magnolia Oil & Gas reported Q4 and full-year 2025 results on February 5, 2026, with production hitting a record 103.8 Mboe/d, up 11% YoY, and full-year average of 99.8 Mboe/d despite lower commodity prices. Generated $427M free cash flow, returned 75% to shareholders via $205M repurchases and a 10% dividend hike to $0.66 annualized, while guiding 5% production growth in 2026 on $440-480M capex. Cash grew to $267M.
10-Q
Q3 FY2025 results
Magnolia Oil & Gas posted Q3 revenues of $325M, down 2% y/y yet propped by 11% higher volumes to 100.5k boe/d amid softer oil prices. Operating income fell to $101M from $129M y/y, squeezed by elevated gathering costs and taxes, while net income hit $78M or $0.40 diluted EPS ($1.36 YTD). Cash swelled to $280M with $670M operating cash flow (9 months), funding $350M capex, $64M bolt-ons, $152M buybacks, and $85M dividends; $400M 6.875% notes due 2032 anchor debt, RBL undrawn at $450M capacity. Bolt-ons totaled $64.4M cash in 9M25. Commodity prices swing wildly.
8-K
Record production, strong returns
Magnolia Oil & Gas hit a record 100.5 Mboe/d in Q3 2025, up 11% year-over-year, driven by 15% Giddings growth despite lower prices. Net income fell to $78.2M from $105.9M, yet free cash flow powered $80.3M shareholder returns—60% via $51.4M repurchases of 2.15M shares and dividends. Production beats expectations. Sticking to disciplined model.
10-Q
Q2 FY2025 results
Magnolia Oil & Gas posted Q2 revenue of $319M, down 5% y/y from $337M yet buoyed by 9% production growth to 98.2 Mboe/d amid plunging oil prices, while natural gas revenues doubled on 106% higher prices. Operating income fell to $108M from $134M, but margins held firm with DD&A per boe dropping to $11.98; diluted EPS of $0.41 matched shares at 186.5M. Cash from operations hit $423M YTD, funding $232M capex and $101M buybacks while ending with $252M cash and $450M RBL availability against $400M 2032 notes at 6.875%. Bolt-on buys totaled $40M. Commodity prices stay volatile.
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