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
$6.1B
11.22
$2.29
0.70
$0.66
2.80%

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

Second-quarter production reached a record 106.1 thousand barrels of oil equivalent per day, up 8% year on year, while Giddings grew 10%. Magnolia raised its standalone 2026 production-growth guidance to 6% and spent only 34% of adjusted EBITDAX on drilling and completions. (Last10k, Finviz)
The WildFire acquisition would more than double Magnolia’s Giddings acreage and create a combined position of over 1.25 million net acres. Management expects at least $100 million of annual cost savings and synergies, offering a longer runway for production and free-cash-flow growth. (Magnolia Oil & Gas)
Shareholder returns remain tangible: Magnolia repurchased 1.7 million shares for $49.3 million in the second quarter and raised its quarterly dividend by 9% to $0.18. It returned $80.1 million, or 34% of quarterly free cash flow, while retaining further buyback authorisation. (Last10k, Finviz)
WildFire is a major step up in financial risk from Magnolia’s previous bolt-on approach. The transaction is funded roughly half with debt and half with equity, adds new borrowing and requires substantial share issuance, which could dilute per-share growth and make deleveraging more important. (Magnolia Oil & Gas, Simply Wall St)
The near-term operating outlook is less forceful than the headline second-quarter growth: third-quarter standalone production is expected to remain around 106 thousand barrels of oil equivalent per day, with drilling and completions spending falling to about $115 million. Magnolia also expects oil realisations at roughly a $3-per-barrel discount to the Magellan East Houston benchmark. (Finviz, MarketScreener)
Magnolia remains highly exposed to both oil prices and one core area: second-quarter realised oil prices rose to $98.13 per barrel from $62.20, while Giddings supplied about 81% of total production. A weaker oil price or disappointing Giddings well performance could therefore reverse a large part of the recent earnings uplift. (StockTitan, Yahoo Finance)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 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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