Magnolia Oil & Gas Corp. (MGY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.94	$0.99	+5.3%	—	$478.8M	—
Q1 26	$0.52	$0.54	+3.8%	—	$358.5M	—
Q4 25	$0.36	$0.38	+5.6%	—	$317.6M	—
Q3 25	$0.42	$0.42	0.0%	—	$324.9M	—
Q2 25	$0.4	$0.42	+5.0%	—	—	—
Q1 25	$0.53	$0.52	-1.9%	—	—	—
Q4 24	$0.45	$0.48	+6.7%	—	—	—
Q3 24	$0.48	$0.53	+10.4%	—	—	—
Q2 24	$0.52	$0.51	-1.9%	—	—	—
Q1 24	$0.47	$0.55	+17.0%	—	—	—
Q4 23	$0.53	$0.45	-15.1%	—	—	—
Q3 23	$0.53	$0.54	+1.9%	—	—	—
Q2 23	$0.44	$0.44	0.0%	—	$280.3M	—
Q1 23	$0.54	$0.5	-7.4%	—	$308.4M	—
Q4 22	$0.78	$0.99	+26.9%	—	$349M	—
Q3 22	$1.13	$1.29	+14.2%	—	$483M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.73	—	—	$1.3B	—
FY24	—	$1.94	—	—	$1.3B	—
FY23	—	$2.04	—	—	$1.2B	—
FY22	—	$4.73	—	—	$1.7B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$110.9M	$403.2M	$942.2M	$541.3M	$1.1B	$1.7B	$1.2B	$1.3B	$1.3B
YoY change	—	+263.5%	—	-42.5%	+99.2%	+57.1%	-27.6%	+7.25%	-0.31%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	110.9M	403.2M	942.2M	541.3M	1.1B	1.7B	1.2B	1.3B	1.3B
Cost of revenue	50.2M	173.5M	672.8M	412.5M	335.6M	439.4M	524.6M	635.2M	691.4M
Gross profit	60.7M	229.7M	269.4M	128.8M	742.8M	1.3B	702.4M	680.7M	620.4M
Gross margin	54.7%	57%	28.6%	23.8%	68.9%	74.1%	57.2%	51.7%	47.3%
Research & development	—	—	—	—	—	—	—	—	—
Selling, general & administrative	12.2M	18.6M	69.4M	68.9M	75.3M	72.4M	77.1M	88.7M	97M
Operating expenses	25.4M	19.5M	87.7M	642M	84.3M	87.3M	86.6M	96.8M	104.8M
Operating income	28.9M	190M	127.9M	-544.4M	602.6M	1.1B	550.2M	512M	439.2M
Operating margin	26%	47.1%	13.6%	-100.6%	55.9%	63.4%	44.8%	38.9%	33.5%
Non-operating income, net	-6.7M	-8.4M	181K	-1.4B	-3M	6.5M	-375K	-4.5M	-153K
Pretax income	22.1M	181.6M	99.8M	-1.9B	568.6M	1.1B	549.8M	493.1M	417.4M
Income tax	673K	2.7M	14.8M	-79.3M	8.9M	6.6M	107.2M	95.8M	80.1M
Net income	21.5M	178.9M	85M	-1.9B	559.7M	1.1B	442.6M	397.3M	337.3M
Net margin	19.4%	44.4%	9.02%	-345.3%	51.9%	62%	36.1%	30.2%	25.7%
EBITDA	62M	319.8M	666.6M	-241.1M	799.7M	1.3B	890.4M	930.8M	876.8M
EPS	0.29	2.2	0.29	-7.27	2.38	4.73	2.04	1.94	1.73
Diluted EPS	0.29	2.2	0.28	-7.27	2.36	4.71	2.04	1.94	1.73

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	324.9M	317.6M	358.5M	478.8M
Cost of revenue	—	—	—	—	—	—	—	—	176.9M	179.5M	179.3M	182.1M
Gross profit	188.3M	175.4M	167.7M	179.2M	170.7M	163.2M	182.4M	151.8M	148M	138.2M	179.2M	296.7M
Gross margin	—	—	—	—	—	—	—	—	45.6%	43.5%	50%	62%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	24.2M	25M	31.4M	29.2M
Operating expenses	—	—	—	—	—	—	—	—	26.2M	26.9M	35M	31.2M
Operating income	—	—	—	—	—	—	—	—	101.5M	94.1M	127.8M	242.7M
Operating margin	—	—	—	—	—	—	—	—	31.2%	29.6%	35.6%	50.7%
Non-operating income, net	—	—	—	—	—	—	—	—	-661K	-462K	-36K	-3.6M
Pretax income	—	—	—	—	—	—	—	—	95.4M	88.2M	121.7M	232.4M
Income tax	—	—	—	—	—	—	—	—	17.2M	16.8M	20.9M	50.6M
Net income	—	—	—	—	—	—	—	—	78.2M	71.4M	100.8M	181.8M
Net margin	—	—	—	—	—	—	—	—	24.1%	22.5%	28.1%	38%
EBITDA	—	—	—	—	—	—	—	—	211.4M	207.8M	241.1M	358.8M
EPS	0.54	—	0.46	0.51	0.52	0.44	0.54	0.41	0.4	0.37	0.54	0.97
Diluted EPS	0.54	—	0.46	0.51	0.52	0.44	0.54	0.41	0.4	0.37	0.54	0.97

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	791.4M	—	—	1.2B	3.3B	4.4B	4B	4.4B	4.1B	6.5B
Enterprise value	—	791.4M	—	—	1.4B	3.3B	4.1B	4B	4.5B	4.2B	5.8B
Shares outstanding	75M	81.3M	—	161.9M	166.3M	174.4M	187.4M	188.2M	186.5M	185.6M	185.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	4.42	—	—	—	5.88	4.19	9.05	11	12	10.5
P/S	—	1.96	—	—	2.17	3.05	2.59	3.27	3.31	3.1	4.48
P/B	—	0.5	—	—	1.4	3.15	2.53	2.13	2.22	2.03	2.04
EV/EBITDA	—	2.47	—	—	-5.69	4.14	3.11	4.49	4.83	4.8	5.67
EV/Sales	—	1.96	—	—	2.54	3.07	2.43	3.26	3.41	3.21	3.94
Earnings yield	—	22.6%	—	—	—	17%	23.9%	11%	9.11%	8.3%	9.5%
FCF yield	—	1.26%	—	—	7.49%	16.8%	18.9%	10.8%	9.96%	10.1%	5.1%
PEG	—	—	—	—	—	—	—	—	—	—	0.08

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	54.7%	57%	—	28.6%	23.8%	68.9%	74.1%	57.2%	51.7%	47.3%	62%
Operating margin	26%	47.1%	—	13.6%	-100.6%	55.9%	63.4%	44.8%	38.9%	33.5%	50.7%
Net margin	19.4%	44.4%	—	9.02%	-345.3%	51.9%	62%	36.1%	30.2%	25.7%	28.8%
ROE	—	11.2%	—	3.12%	-222.7%	53.5%	60.4%	23.5%	20.2%	16.9%	20.9%
ROA	—	10.6%	—	2.45%	-128.6%	32%	40.8%	16.1%	14.1%	11.6%	11.8%
ROIC	—	11.7%	—	3.71%	-52.4%	55.6%	73.3%	23.6%	19.6%	16.6%	20.1%
Return on tangible assets	—	10.6%	—	2.49%	-130.3%	32%	40.8%	16.1%	14.1%	11.6%	13.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	1.41	—	1.67	2.18	2.37	2.5	1.88	1.42	1.54	1.58
Quick ratio	—	1.41	—	1.67	2.18	2.37	2.5	1.88	1.42	1.54	1.58
Debt / equity	—	—	—	0.14	0.47	0.37	0.22	0.21	0.2	0.21	0.19
Debt / assets	—	—	—	0.11	0.27	0.22	0.15	0.14	0.14	0.14	0.13
Net debt / EBITDA	—	—	—	0.31	-0.82	0.03	-0.22	-0.01	0.14	0.17	0.11
Interest coverage	—	—	—	4.52	-66.9	19.3	46.1	16.7K	35.3	20.3	23.9
Effective tax rate	3.04%	1.51%	—	14.8%	0%	1.56%	0.63%	19.5%	19.4%	19.2%	19.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.48	4.96	—	5.82	3.26	6.18	9.04	6.52	7.06	7.07	8.05
EPS (basic)	0.29	2.2	—	0.29	-7.27	2.38	4.73	2.04	1.94	1.73	1.73
EPS (diluted)	0.29	2.2	—	0.28	-7.27	2.36	4.71	2.04	1.94	1.73	2.29
Book value per share	—	19.7	—	16.9	5.05	5.99	9.28	10	10.6	10.8	11.8
FCF per share	0.06	0.12	—	1.31	0.53	3.17	4.44	2.29	2.33	2.2	2.96
Cash per share	—	0	—	1.13	1.16	2.1	3.6	2.13	1.39	1.44	1.25
Capex per share	0.35	3.05	—	2.69	1.34	1.28	2.28	2.44	2.62	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	23.4%	61.4%	—	46.2%	41.1%	20.7%	25.2%	37.4%	37.2%	—	—
Capex / operating cash flow	81.6%	99.4%	—	66.4%	-21%	28.7%	33.1%	54.8%	52.9%	—	—
Payout ratio	—	—	—	0%	0%	2.52%	7.16%	19.9%	24.6%	33.5%	27.5%
Dividend yield	—	—	—	—	0%	0.43%	1.71%	2.2%	2.24%	2.78%	3.04%

Yield

3.04%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.18

ex-dividend Aug 10, 2026

Payout ratio

28%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 10, 2026	$0.18
May 12, 2026	$0.165
Feb 10, 2026	$0.165
Nov 10, 2025	$0.15
Aug 11, 2025	$0.15
May 12, 2025	$0.15
Feb 14, 2025	$0.15
Nov 8, 2024	$0.13

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$324.9M	$317.6M	$358.5M	$478.8M
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	0	135.8M	182.6M	192.6M	367M	675.4M	401.1M	260M	266.8M
Receivables	114.2M	140.3M	105.8M	81.6M	149.8M	170.8M	189.7M	147.9M	116.5M
Inventory	—	—	—	—	—	—	—	—	—
Total current assets	114.5M	292.4M	293.2M	281.5M	517.9M	850.7M	591.3M	410.8M	442.4M
Property, plant & equipment	1.6B	3.1B	3.1B	1.1B	1.2B	1.5B	2.1B	2.3B	2.4B
Goodwill & intangibles	0	76.7M	47.7M	18.7M	0	—	—	—	—
Total assets	1.7B	3.4B	3.5B	1.5B	1.7B	2.6B	2.8B	2.8B	2.9B
Accounts payable	—	76.3M	79.4M	62.6M	127.9M	202.8M	193.2M	181.1M	177.6M
Short-term debt	—	—	—	—	—	—	—	—	18.2M
Total current liabilities	81.3M	197.4M	175.2M	128.9M	218.5M	340.3M	314.9M	290.3M	288M
Long-term debt	—	388.6M	389.8M	391.1M	388.1M	390.4M	392.8M	392.5M	393.3M
Total liabilities	91.1M	725.6M	737.9M	614M	701.5M	832.4M	873.5M	853.5M	903.9M
Shareholders' equity	1.6B	2.7B	2.7B	839.4M	1B	1.7B	1.9B	2B	2B
Total debt	—	388.6M	389.8M	391.1M	388.1M	390.4M	392.8M	392.5M	411.5M
Net debt	—	252.9M	207.2M	198.6M	21.1M	-285.1M	-8.3M	132.5M	144.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	618.5M	401.1M	399.3M	275.7M	276.1M	260M	247.6M	251.8M	280.5M	266.8M	124.4M	295.9M
Receivables	186.8M	189.7M	196M	175.4M	136.2M	147.9M	157.9M	160.3M	187.5M	116.5M	160.8M	159.5M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	805.7M	591.3M	597.5M	453.9M	415.2M	410.8M	407M	416.7M	469.5M	442.4M	319.7M	488.6M
Property, plant & equipment	1.7B	2.1B	2.1B	2.3B	2.3B	2.3B	2.4B	2.4B	2.4B	2.4B	2.6B	2.6B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	2.7B	2.8B	2.8B	2.8B	2.8B	2.8B	2.9B	2.9B	2.9B	2.9B	2.9B	3.1B
Accounts payable	183.3M	193.2M	219.6M	226.9M	164.3M	181.1M	172.4M	165.5M	181.2M	177.6M	156.5M	173.1M
Short-term debt	—	—	—	—	—	—	18.8M	18.7M	18.5M	18.2M	19.5M	19.5M
Total current liabilities	303.7M	314.9M	350M	355M	281.5M	290.3M	305.1M	288.6M	318.9M	288M	290.5M	308.6M
Long-term debt	392.2M	392.8M	393.5M	394.1M	394.8M	392.5M	392.7M	392.9M	393.1M	393.3M	393.4M	393.6M
Total liabilities	805.3M	873.5M	910.2M	924.5M	850.4M	853.5M	879.3M	862.3M	917.2M	903.9M	908.6M	993.7M
Shareholders' equity	1.8B	1.9B	1.9B	1.9B	2B	2B	2B	2B	2B	2B	2B	2.1B
Total debt	392.2M	392.8M	393.5M	394.1M	394.8M	392.5M	411.5M	411.6M	411.5M	411.5M	412.9M	413.1M
Net debt	-226.3M	-8.3M	-5.8M	118.4M	118.7M	132.5M	163.9M	159.9M	131.1M	144.7M	288.5M	117.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	21.5M	178.9M	85M	-1.9B	559.7M	1.1B	442.6M	397.3M	337.3M
Depreciation & amortization	33.1M	129.7M	538.1M	297.9M	197M	243.2M	324.8M	414.5M	437.8M
Stock-based compensation	0	0	11.1M	10M	11.7M	13.3M	16.2M	18.7M	27.3M
Change in working capital	-20.3M	-60.5M	-3.1M	6.5M	-1.3M	40.3M	-22.7M	13.4M	-38.5M
Operating cash flow	31.8M	248.9M	654.8M	-1.1B	777.2M	1.3B	837.1M	923.9M	878.6M
Capital expenditure	-26M	-247.4M	-435M	-222.2M	-222.9M	-427.2M	-458.7M	-489.1M	—
Investing cash flow	-1.2B	-314.4M	-524.2M	-270M	-243.4M	-518.9M	-814.9M	-655.1M	-60.9M
Dividends paid	—	—	0	0	-14.1M	-75.2M	-88.1M	-97.6M	-113.1M
Share repurchases	—	0	-79.4M	-28.7M	-297.3M	-352.2M	-205.3M	-273M	-205.5M
Financing cash flow	2.4B	114.1M	-76.5M	-30.2M	-370.6M	-469.3M	-315.2M	-406.8M	-331.2M
Net change in cash	1.2B	48.6M	54.1M	-1.4B	163.2M	302.7M	-293M	-138M	486.6M
Free cash flow	4.5M	9.9M	212.6M	87.9M	552.1M	831.5M	430.9M	434.1M	409.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	78.2M	71.4M	100.8M	181.8M
Depreciation & amortization	—	—	—	—	—	—	—	—	110.6M	114.2M	113.4M	116.5M
Stock-based compensation	—	—	—	—	—	—	—	—	7.3M	6.1M	12.2M	9.7M
Change in working capital	17.1M	9.9M	19.4M	7.3M	-62.6M	17.5M	-8.7M	-6.8M	-8.3M	6.5M	-42.4M	19.7M
Operating cash flow	17.1M	9.9M	19.4M	7.3M	-62.6M	17.5M	-8.7M	-6.8M	247.1M	208.4M	197.6M	384M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	-24.7M	-2.3M	-146.6M	-3M
Dividends paid	—	—	—	—	—	—	—	—	-28.1M	-27.8M	-30.5M	-30.8M
Share repurchases	-56.8M	-53.6M	-51.2M	-105.6M	-61M	-55.2M	-52.4M	-48.5M	-51.2M	-53.3M	-53.1M	-49.3M
Financing cash flow	-56.8M	-53.6M	-51.2M	-105.6M	-61M	-55.2M	-52.4M	-48.5M	-80.3M	-82M	-92.4M	-82.1M
Net change in cash	-39.6M	-43.8M	-31.8M	-98.3M	-123.7M	-37.7M	-61.1M	-55.4M	142.1M	124.1M	-41.4M	298.9M
Free cash flow	—	—	—	—	—	—	—	—	128M	89.4M	69.2M	258.9M

Magnolia Oil & Gas Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement