MGY earnings analysis
What we found in MGY's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Magnolia Oil & Gas Corporation reported strong Q1 2026 results with revenue of $358.5 million, slightly exceeding expectations, and an EPS of $0.54, surpassing the consensus estimate. The company continues to target 5% production growth for the year while managing capital expenditures amid a volatile market backdrop.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Revenue reached $358.5 million in Q1 2026, an increase from $350.3 million in Q1 2025.
- EPS Beat
- Reported EPS of $0.54 exceeded the consensus estimate of $0.52.
- Operating Cash Flow
- Operating cash flow was $197.6 million, down from $224.5 million in Q1 2025.
- Increased Production Levels
- Oil production increased to 3,661 MBbls from 3,517 MBbls year-over-year.
- Strong Liquidity Position
- Liquidity was $574.4 million, consisting of $450 million borrowing capacity and $124.4 million cash.
- Share Buyback Program
- $32.1 million spent on stock repurchases during the quarter, with $945.4 million total spent to date.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Declining Cash Flow
- Net cash provided by operating activities decreased to $197.6 million from $224.5 million year-over-year.
- High Dependence on Commodity Prices
- Continued volatility in oil and gas prices due to geopolitical tensions, notably in the Middle East.
- Increased Capital Spending
- Acquisition costs surged to $154.99 million in Q1 2026, significantly higher than $24.14 million in Q1 2025.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.54
- Gross margin
- 100.0%
- Operating margin
- 38.7%
What they said about what is next.
Management reaffirms guidance for 2026 with expected revenue between $440 million and $480 million.
The filing reads better than the one before it.
What came before.
- 10-K · February 12, 2026
- Magnolia emphasizes a disciplined, free-cash-flow-first strategy focused on moderate organic production growth and low leverage, targeting Eagle Ford and Austin Chalk assets in South Texas. 2025 operational results show…
- 10-Q · October 30, 2025
- Magnolia reported Q3 revenues of $324,935,000 and GAAP diluted EPS of $0.40. Operating income for the quarter was $101,464,000 (operating margin ~31.2%) while net income attributable to Class A common stock was…
- 10-Q · October 31, 2024
- Magnolia reported Q3 revenue of $333.135M (up $17.457M, +5.5% YoY) while diluted EPS declined to $0.52 from $0.54 a year ago. Operating income compressed to $129.012M (operating margin 38.7%) from $148.133M in Q3 2023,…
- 10-Q · August 1, 2024
- Magnolia reported Q2 revenue of $336.7M, up $56.4M (+20.1%) versus Q2 2023 and up ~$17.3M (+5.6%) versus Q1 2024, driven by higher oil and NGL realizations. Operating income was $134.4M (operating margin 39.9%), diluted…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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