Magnolia Oil & Gas Corporation

$MGY
Oil & Gas Production
Energy

Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company's properties are located primarily in Karnes County and the Giddings Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2020, its assets consisted of a total leasehold position of 460,398 net acres, including 23,513 net acres in Karnes, Gonzales, DeWitt, and Atascosa counties, Texas; 436,885 net acres in the Giddings Field located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas; and approximately 1,160 net wells with a total production capacity of 61.8 thousand barrels of oil equivalent per day. The company is headquartered in Houston, Texas.

IPO Year: 2017

Exchange: NYSE

Website: magnoliaoilgas.com

Peers

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Recent Analyst Ratings for Magnolia Oil & Gas Corporation

DatePrice TargetRatingAnalyst
4/22/2025$26.00Buy
UBS
1/31/2025$27.00 → $26.00Buy → Neutral
Goldman
1/13/2025$29.00 → $28.00Buy → Neutral
BofA Securities
10/15/2024$30.00Buy → Hold
Siebert Williams Shank
10/1/2024$26.00 → $22.00Equal Weight → Underweight
Wells Fargo
7/18/2024$32.00Outperform
Wolfe Research
4/19/2024$29.00Overweight → Neutral
Piper Sandler
2/27/2024$25.00Buy
BofA Securities
12/11/2023$24.00 → $18.00Neutral → Sell
Citigroup
11/15/2023$23.00Equal Weight
Wells Fargo
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Magnolia Oil & Gas Corporation Press Releases

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  • Magnolia Oil & Gas Schedules Conference Call for First Quarter 2025 Results

    Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the first quarter 2025 on Thursday, May 1st at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's first quarter 2025 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Gas Mag

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Corporation Announces 2024 Fourth Quarter and Year End Results

    Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the fourth quarter and full year 2024. Fourth Quarter 2024 Summary Financial Results: (In millions, except per share data) For the Quarter Ended December 31, 2024   For the Quarter Ended December 31, 2023   Percentage increase (decrease) Net income $ 88.7   $ 113.9   (22 )% Adjusted net income (1)   95.4     107.7   (11 )% Earnings per share - diluted   0.44     0.53   (17 )% Adjusted EBITDAX (1)   235.8     240.0   (2

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Announces 15 Percent Dividend Increase

    Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on March 3, 2025, to shareholders of record as of February 14, 2025. Today's announcement represents a 15 percent increase to Magnolia's quarterly dividend rate and provides an annualized dividend of $0.60 per share. This is the fourth consecutive year that Magnolia has increased its dividend rate since initiating a dividend payment in 2021. Magnolia expects to declare its next quarterly dividend in May for payment in June. "The increase in the dividend is supported by Magno

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Schedules Conference Call for Fourth Quarter and Full Year 2024 Results

    Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2024 on Wednesday, February 19th at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's fourth quarter and full year 2024 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following th

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Corporation Appoints R. Lewis Ropp to its Board of Directors

    Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced that its board of directors (the "Board") has appointed R. Lewis Ropp as an independent director of the Board, effective immediately. Mr. Ropp will serve as a member of the Audit Committee. "Lewis's strong background in finance, capital markets, and investment management as well as his experience in oil and gas operations and engineering provide valuable skills to Magnolia's Board," said Dan Smith, Chairman of the Board. "We look forward to Lewis joining our Board and sharing his unique perspective gained from having worked in management positions in both the oil service industry and for

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Operating LLC Announces Pricing of Offering of $400 Million Senior Notes

    Magnolia Oil & Gas Operating LLC ("Magnolia Operating") and Magnolia Oil & Gas Finance Corp., a subsidiary of Magnolia Operating, ("Finance Corp." and, together with Magnolia Operating, the "Issuers") announced today the pricing of their previously announced private offering (the "Notes Offering") of $400 million in aggregate principal amount of 6.875% senior unsecured notes due 2032 (the "Notes"). The closing of the Notes Offering is expected to occur on November 26, 2024, and is conditioned upon the satisfaction of customary closing conditions. The Issuers intend to use the net proceeds from the offering to repurchase and redeem the outstanding 6.00% Senior Notes due 2026 (the "2026 Not

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Operating LLC Announces Proposed Offering of $400 Million Senior Notes

    Magnolia Oil & Gas Operating LLC ("Magnolia Operating") and Magnolia Oil & Gas Finance Corp., a subsidiary of Magnolia Operating, ("Finance Corp." and, together with Magnolia Operating, the "Issuers") announced today that they intend to offer, subject to market conditions and other factors, $400 million in aggregate principal amount of senior unsecured notes due 2032 (the "Notes") in a private placement to eligible purchasers (the "Notes Offering"), subject to market conditions. The Issuers intend to use the net proceeds from the offering to repurchase and redeem the outstanding 6.00% Senior Notes due 2026 (the "2026 Notes") in full. The Notes have not been registered under the Securiti

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Corporation Announces Third Quarter 2024 Results

    Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the third quarter of 2024. Third Quarter 2024 Highlights: (In millions, except per share data) For the Quarter Ended September 30, 2024 For the Quarter Ended September 30, 2023 Percentage increase (decrease) Net income $ 105.9 $ 117.5 (10 )% Adjusted net income(1) $ 100.3 $ 117.5 (15 )% Earnings per share - diluted $ 0.52 $ 0.54 (4 )% Adjusted EBITDAX(1) $ 243.6 $ 239.0 2 % Capital expenditures - D&C $ 103.1 $ 104.3 (1

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Announces Quarterly Dividend

    Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per share of Class A common stock, and a cash distribution of $0.13 per Class B unit, payable on December 2, 2024 to shareholders of record as of November 8, 2024. About Magnolia Oil & Gas Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders by delivering steady, moderate annual production growth resulting from its disciplined and efficient philosophy toward capital spen

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Schedules Conference Call for Third Quarter 2024 Results

    Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the third quarter 2024 on Thursday, October 31 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's third quarter 2024 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Gas

    $MGY
    Oil & Gas Production
    Energy

Magnolia Oil & Gas Corporation Analyst Ratings

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Magnolia Oil & Gas Corporation Insider Purchases

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Magnolia Oil & Gas Corporation Insider Trading

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Magnolia Oil & Gas Corporation SEC Filings

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Magnolia Oil & Gas Corporation Leadership Updates

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  • Magnolia Oil & Gas Corporation Appoints R. Lewis Ropp to its Board of Directors

    Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced that its board of directors (the "Board") has appointed R. Lewis Ropp as an independent director of the Board, effective immediately. Mr. Ropp will serve as a member of the Audit Committee. "Lewis's strong background in finance, capital markets, and investment management as well as his experience in oil and gas operations and engineering provide valuable skills to Magnolia's Board," said Dan Smith, Chairman of the Board. "We look forward to Lewis joining our Board and sharing his unique perspective gained from having worked in management positions in both the oil service industry and for

    $MGY
    Oil & Gas Production
    Energy
  • Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600

    NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed

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  • Magnolia Oil & Gas Corporation Appoints David Khani to its Board of Directors

    Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced that its board of directors (the "Board") has increased the size of the Board from seven to eight directors and has appointed David Khani as an independent director of the Board, effective immediately. Mr. Khani will serve as a member of the Audit Committee. "We are very honored to welcome Dave to our Board of Directors," said Dan Smith, Chairman of the Board. "Dave's deep industry knowledge and experience across the energy and natural resources spectrum, coupled with his financial and capital markets expertise, will be a valuable asset to Magnolia and our shareholders." Mr. Khani serve

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Corporation Appoints Christopher Stavros as President and Chief Executive Officer and to the Board of Directors

    Magnolia Oil & Gas Corporation ("Magnolia" or the "Company") (NYSE:MGY) today announced that Christopher Stavros, the Company's current Executive Vice President and Chief Financial Officer, has been named President and Chief Executive Officer, and has been appointed to the Board of Directors, effective immediately. Stephen Chazen, who has served as Chairman, President and Chief Executive Officer since 2018 will no longer be able to serve in his positions due to serious health reasons. "First and foremost, we would like to extend our deep support to Steve's family," said Dan Smith, who previously served as Magnolia's Lead Independent Director and has been named as Chairman of the Board. "St

    $MGY
    Oil & Gas Production
    Energy

Magnolia Oil & Gas Corporation Financials

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  • Magnolia Oil & Gas Schedules Conference Call for First Quarter 2025 Results

    Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the first quarter 2025 on Thursday, May 1st at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's first quarter 2025 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Gas Mag

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Corporation Announces 2024 Fourth Quarter and Year End Results

    Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the fourth quarter and full year 2024. Fourth Quarter 2024 Summary Financial Results: (In millions, except per share data) For the Quarter Ended December 31, 2024   For the Quarter Ended December 31, 2023   Percentage increase (decrease) Net income $ 88.7   $ 113.9   (22 )% Adjusted net income (1)   95.4     107.7   (11 )% Earnings per share - diluted   0.44     0.53   (17 )% Adjusted EBITDAX (1)   235.8     240.0   (2

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Announces 15 Percent Dividend Increase

    Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on March 3, 2025, to shareholders of record as of February 14, 2025. Today's announcement represents a 15 percent increase to Magnolia's quarterly dividend rate and provides an annualized dividend of $0.60 per share. This is the fourth consecutive year that Magnolia has increased its dividend rate since initiating a dividend payment in 2021. Magnolia expects to declare its next quarterly dividend in May for payment in June. "The increase in the dividend is supported by Magno

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Schedules Conference Call for Fourth Quarter and Full Year 2024 Results

    Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2024 on Wednesday, February 19th at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's fourth quarter and full year 2024 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following th

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Corporation Announces Third Quarter 2024 Results

    Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the third quarter of 2024. Third Quarter 2024 Highlights: (In millions, except per share data) For the Quarter Ended September 30, 2024 For the Quarter Ended September 30, 2023 Percentage increase (decrease) Net income $ 105.9 $ 117.5 (10 )% Adjusted net income(1) $ 100.3 $ 117.5 (15 )% Earnings per share - diluted $ 0.52 $ 0.54 (4 )% Adjusted EBITDAX(1) $ 243.6 $ 239.0 2 % Capital expenditures - D&C $ 103.1 $ 104.3 (1

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Announces Quarterly Dividend

    Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per share of Class A common stock, and a cash distribution of $0.13 per Class B unit, payable on December 2, 2024 to shareholders of record as of November 8, 2024. About Magnolia Oil & Gas Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders by delivering steady, moderate annual production growth resulting from its disciplined and efficient philosophy toward capital spen

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Schedules Conference Call for Third Quarter 2024 Results

    Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the third quarter 2024 on Thursday, October 31 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's third quarter 2024 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Gas

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Corporation Announces Second Quarter 2024 Results

    Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the second quarter of 2024. Second Quarter 2024 Highlights: (In millions, except per share data) For the Quarter Ended June 30, 2024 For the Quarter Ended June 30, 2023 Percentage increase (decrease) Net income $ 105.1 $ 104.6 — % Adjusted net income(1) $ 104.3 $ 97.2 7 % Earnings per share - diluted $ 0.51 $ 0.48 6 % Adjusted EBITDAX(1) $ 246.1 $ 2

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Announces Quarterly Dividend

    Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per share of Class A common stock, and a cash distribution of $0.13 per Class B unit, payable on September 3, 2024 to shareholders of record as of August 9, 2024. About Magnolia Oil & Gas Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders by delivering steady, moderate annual production growth resulting from its disciplined and efficient philosophy toward capital spe

    $MGY
    Oil & Gas Production
    Energy
  • Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2024 Results

    Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the second quarter 2024 on Thursday, August 1 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's second quarter 2024 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Gas

    $MGY
    Oil & Gas Production
    Energy

Magnolia Oil & Gas Corporation Large Ownership Changes

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