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MGY

Magnolia Oil & Gas Corporation

MGY

Magnolia Oil & Gas Corporation • NYSE
$23.14 ▲ 0.92% (+0.21)
Market Cap $4.24 B
52w High $27.86
52w Low $19.09
Dividend Yield 0.60%
P/E 12.86
Volume 606.47K
Outstanding Shares 183.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $324.935M ▲ $48.553M ▲ $75.456M ▼ 23.222% ▼ $0.41 $211.421M ▼
Q2-2025 $318.981M ▼ $44.006M ▼ $78.117M ▼ 24.49% ▼ $0.41 ▼ $214.652M ▼
Q1-2025 $350.3M ▲ $46.597M ▲ $102.927M ▲ 29.383% ▲ $0.54 ▲ $242.89M ▲
Q4-2024 $326.609M ▼ $39.11M ▼ $85.598M ▼ 26.208% ▼ $0.44 ▼ $220.907M ▼
Q3-2024 $333.135M $41.667M $99.784M 29.953% $0.52 $243.634M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $280.485M ▲ $2.924B ▲ $917.169M ▲ $1.948B ▲
Q2-2025 $251.761M ▲ $2.861B ▼ $862.302M ▼ $1.942B ▲
Q1-2025 $247.558M ▼ $2.869B ▲ $879.29M ▲ $1.934B ▲
Q4-2024 $260.049M ▼ $2.821B ▲ $853.509M ▲ $1.914B ▲
Q3-2024 $276.139M $2.811B $850.385M $1.908B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $78.232M ▼ $247.055M ▲ $-138.076M ▼ $-80.255M ▼ $28.724M ▲ $128.007M ▲
Q2-2025 $81.028M ▼ $198.698M ▼ $-116.495M ▲ $-78M ▲ $4.203M ▲ $101.181M ▲
Q1-2025 $106.648M ▲ $224.49M ▲ $-146.072M ▼ $-90.909M ▲ $-12.491M ▲ $93.322M ▲
Q4-2024 $84.634M ▼ $222.627M ▲ $-138.108M ▼ $-100.609M ▼ $-16.09M ▼ $85.019M ▼
Q3-2024 $105.912M $217.894M $-129.568M $-87.87M $456K $113.022M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Natural Gas
Natural Gas
 $30.00M ▲$50.00M ▲$40.00M ▼$40.00M ▲
Oil and Condensate
Oil and Condensate
 $250.00M ▲$250.00M ▲$230.00M ▼$230.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Magnolia’s income statement shows a company that has learned to make good money in a volatile business. Revenue climbed sharply after the downturn a few years ago, surged during the commodity spike, and then eased back as prices normalized. Even with that step down from peak levels, the company is still clearly profitable. Margins look healthy: gross profit, operating profit, and net income all remain strong relative to revenue, indicating low costs and good operational control. The bad year during the early‑pandemic period stands out as a loss, but everything since then has been firmly in the black. Earnings per share have come down from the extraordinary boom year, but they remain solid rather than fragile. Overall, profitability looks disciplined and resilient, but still very dependent on oil and gas prices.

Balance Sheet

Balance Sheet The balance sheet is a key strength. Assets and shareholder equity have been building over time, which suggests the company is growing while also reinforcing its financial foundation. Debt is modest and has been kept at a similar level for several years, which points to conservative use of borrowing. Cash on hand is healthy, even though it has come down from prior highs, and there’s no sign of excessive leverage. In plain terms, Magnolia appears to have a sturdy balance sheet with room to maneuver if the commodity cycle turns downward.

Cash Flow

Cash Flow Cash generation is a highlight. Operating cash flow has consistently covered the company’s needs and has moved broadly in line with earnings, which supports the quality of reported profits. Importantly, free cash flow has been positive every year in the period shown, even in tougher times. Capital spending has grown as the company has scaled up, but it has remained disciplined and funded from internal cash rather than aggressive borrowing. That balance between reinvestment and surplus cash suggests Magnolia can both sustain its asset base and return capital or keep strengthening its finances, as long as commodity prices don’t collapse for an extended period.

Competitive Edge

Competitive Edge Magnolia operates in a crowded and cyclical industry, but it competes by being focused and efficient. Its core areas in the Eagle Ford Shale and Austin Chalk are well‑known, established plays where experience matters. The company’s emphasis on low operating costs, careful capital spending, and strong margins gives it an edge versus higher‑cost producers. Management’s track record and background with larger industry players add credibility to its strategy. The flip side is concentration risk: Magnolia is tied to a limited set of basins and fully exposed to oil and gas price swings. It does not have the diversification or scale of the global majors, but within its niche it appears to be a disciplined, low‑cost operator with a respectable competitive footing.

Innovation and R&D

Innovation and R&D Magnolia does not look like a classic “R&D-heavy” company, but it is using technology and process innovation to sharpen its operations. It has focused on better drilling and completion techniques, improved use of data and IT systems, and continuous cost and efficiency gains in its core fields. The potential partnership around mobile gas‑to‑liquids technology is the standout innovation. If it moves forward and works at scale, converting natural gas at the wellhead into higher‑value liquids like synthetic fuels or hydrogen could open new ways to monetize resources and reduce exposure to weak gas prices. This is still an emerging opportunity and carries execution and commercialization risk, but it signals a willingness to experiment with technologies that could fit into a lower‑carbon, more flexible energy system.

Summary

Magnolia Oil & Gas comes across as a financially disciplined, mid‑sized producer with solid profitability, a conservative balance sheet, and consistent cash generation. It has recovered strongly from the industry downturn earlier in the decade and has managed the transition from boom‑year profits to more normal conditions without obvious financial strain. Its strengths are low costs, capital discipline, focus on high‑return assets, and a cautious approach to debt. Its main vulnerabilities are the usual ones for this sector: heavy dependence on commodity prices, geographic concentration, and ongoing operational and environmental risks. The early exploration of gas‑to‑liquids and other efficiency‑driven innovations adds an interesting future angle, but remains a developing story. Overall, Magnolia appears to be a relatively lean and financially sound operator in a volatile industry, with potential upside from continued operational improvements and selective technological bets, and downside tied primarily to the commodity cycle and execution in its core basins.

NEWS

October 29, 2025 · 4:01 PM UTC

Magnolia Oil & Gas Corporation Announces Third Quarter 2025 Results

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October 28, 2025 · 7:00 AM UTC

Magnolia Oil & Gas Announces Quarterly Dividend

Read more