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Magnolia Oil & Gas/$MGY

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About Magnolia Oil & Gas

Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids (NGL) reserves. The company's oil and natural gas properties are located in Karnes County and the Giddings area of South Texas, where it targets the Eagle Ford Shale and Austin Chalk formations. It focuses on generating value for shareholders by delivering steady, moderate annual production growth resulting from its capital spending philosophy. The company operates in only one segment and derives the majority of its revenue from the sale of crude oil, natural gas, and natural gas liquids (NGLs).
Ticker
$MGY
Sector
Energy
Primary listing
NYSE
Employees
262

MGY Metrics

BasicAdvanced
$5.6B
10.89
$2.17
0.70
$0.66
3.04%

What the Analysts think about MGY

Analyst ratings (Buy, Hold, Sell) for Magnolia Oil & Gas stock.
Analyst projections of the future price of Magnolia Oil & Gas stock.

Bulls say / Bears say

WildFire gives Magnolia a larger, more contiguous South Texas position and management expects 4%–5% annual growth in oil and total production, with more than $100 million in annual synergies. That could extend the company’s growth runway and lift free cash flow. (Magnolia Oil & Gas)
Before the acquisition, second-quarter production rose 8% year on year to a record and free cash flow reached $234.6 million. Magnolia also raised its 2026 standalone production-growth outlook to 6%, pointing to strong well performance and cash generation. (The Motley Fool)
Magnolia reported $1.9 billion of net debt after the deal, but said leverage was below 1.0 times estimated 2027 EBITDA at current prices, ahead of its original timetable. It plans to keep paying a growing dividend and repurchasing at least 1% of shares each quarter while reducing debt. (Magnolia Oil & Gas)
WildFire leaves Magnolia with $1.9 billion of net debt and a sizeable deleveraging task; planned 2027 drilling and completion spending is $900 million–$950 million. Higher debt and investment needs could limit flexibility if cash flow disappoints. (Magnolia Oil & Gas)
The acquisition was partly funded by issuing 53.3 million shares, materially enlarging the share base. That raises the bar for production and cash-flow gains to translate into growth per share. (Yahoo Finance)
Cash flow remains sensitive to commodity prices: second-quarter oil revenue benefited mainly from a 58% rise in realised oil prices, while realised gas prices fell 14%. The company expected third-quarter oil to sell at a $3-per-barrel discount to its benchmark, which could weigh on revenue if prices weaken. (U.S. Securities and Exchange Commission, Yahoo Finance)
Data summarised monthly by Lightyear AI. Last updated on 2 Nov 2026.

MGY Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

MGY Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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