Magnolia Oil & Gas Corp MGY
Magnolia Oil & Gas Corporation (either individually or together with its consolidated subsidiaries, as the context requires, "the Company" or "Magnolia") is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid ("NGL") reserves. The Company's oil and natural gas properties are located primarily in the Karnes and Giddings areas in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady, moderate annual production growth resulting from its disciplined and efficient philosophy toward capital spending. The Company strives to generate high pre‐tax margins and consistent free cash flow allowing for strong returns of capital to its shareholders through dividends and share repurchases.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.32B | $1.23B | $1.69B | $1.08B | $541.3M | $942.2M | — | $403.2M | — |
| SG&A | $97.0M | $88.7M | $77.1M | $72.4M | $75.3M | $68.9M | $69.4M | — | $18.6M | — |
| Operating income | $439.2M | $512.0M | $534.5M | $1.07B | $602.6M | -$1.93B | $127.5M | — | $190.0M | — |
| Interest expense | — | — | $33.0K | $23.4M | $31.0M | $28.7M | $28.4M | — | $0 | — |
| Pre-tax income | $417.4M | $493.1M | $549.8M | $1.06B | $568.6M | -$1.95B | $99.8M | — | $181.6M | — |
| Income tax | $80.1M | $95.8M | $107.2M | $6.6M | $8.9M | $79.3M | $14.8M | — | $2.7M | — |
| Net income | $325.3M | $366.0M | $388.3M | $893.8M | $417.3M | -$1.21B | $50.2M | — | $178.9M | — |
| Shares, diluted (wtd. avg.) | $185.6M | $186.5M | $188.4M | $187.9M | $175.4M | $166.3M | $167.0M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $266.8M | $260.0M | $401.1M | $675.4M | $367.0M | $192.6M | $182.6M | $135.8M | $0 | $0 |
| Receivables | $116.5M | $123.8M | $189.7M | $170.8M | $149.8M | $81.6M | $105.8M | $140.3M | — | — |
| Total current assets | $442.4M | $410.8M | $591.3M | $850.7M | $517.9M | $281.5M | $293.2M | $292.4M | $993.7K | — |
| Other intangibles | — | — | — | — | $0 | $9.3M | $23.9M | $38.4M | — | — |
| Total assets | $2.90B | $2.82B | $2.76B | $2.57B | $1.75B | $1.45B | $3.47B | $3.43B | $653.9M | $0 |
| Accounts payable | $177.6M | $181.1M | $193.2M | $202.8M | $127.9M | $62.6M | $79.4M | $76.3M | — | — |
| Total current liabilities | $288.0M | $290.3M | $314.9M | $340.3M | $218.5M | $128.9M | $175.2M | $197.4M | $1.8M | — |
| Long-term debt | $393.3M | $392.5M | $392.8M | $390.4M | $388.1M | $391.1M | $389.8M | $388.6M | — | — |
| Total liabilities | — | — | — | — | — | — | — | — | $24.6M | — |
| Retained earnings | $966.7M | $754.6M | $486.2M | $185.7M | -$708.2M | -$1.13B | $82.9M | $35.5M | $1.5M | — |
| Total equity | $2.00B | $1.97B | $1.88B | $1.74B | $1.05B | $839.4M | $2.73B | $2.71B | $5.0M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $878.6M | $920.9M | $855.8M | $1.30B | $788.5M | $310.1M | $647.6M | — | $257.4M | — |
| Depreciation and amortisation | $437.8M | $414.5M | $324.8M | $243.2M | $187.7M | $283.4M | $523.6M | — | $129.7M | — |
| Stock-based compensation | $27.3M | $18.7M | $16.2M | $13.3M | $11.7M | $10.0M | $11.1M | — | $0 | — |
| Investing cash flow | -$540.7M | -$655.1M | -$814.9M | -$518.9M | -$243.4M | -$270.0M | -$524.2M | — | -$314.4M | — |
| Financing cash flow | -$331.2M | -$406.8M | -$315.2M | -$469.3M | -$370.6M | -$30.2M | -$76.5M | — | $57.0M | — |
| Dividends paid | $113.1M | $97.6M | $88.1M | $75.2M | $14.1M | $0 | $0 | — | — | — |
| Buybacks | $205.5M | $182.8M | $207.0M | — | $125.6M | $28.7M | $10.3M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001698990-26-000005.
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