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…
Earnings analysis · 10-Q
MGY earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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%…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.54
What stood out
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Revenue Growth
Revenue reached $358.5 million in Q1 2026, an increase from $350.3 million in Q1 2025.
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EPS Beat
Reported EPS of $0.54 exceeded the consensus estimate of $0.52.
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Operating Cash Flow
Operating cash flow was $197.6 million, down from $224.5 million in Q1 2025.
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Increased Production Levels
Oil production increased to 3,661 MBbls from 3,517 MBbls year-over-year.
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Strong Liquidity Position
Liquidity was $574.4 million, consisting of $450 million borrowing capacity and $124.4 million cash.
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Share Buyback Program
$32.1 million spent on stock repurchases during the quarter, with $945.4 million total spent to date.
What to watch
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Declining Cash Flow
Net cash provided by operating activities decreased to $197.6 million from $224.5 million year-over-year.
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High Dependence on Commodity Prices
Continued volatility in oil and gas prices due to geopolitical tensions, notably in the Middle East.
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Increased Capital Spending
Acquisition costs surged to $154.99 million in Q1 2026, significantly higher than $24.14 million in Q1 2025.
Management's outlook
Management reaffirms guidance for 2026 with expected revenue between $440 million and $480 million.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.