Magnolia Oil & Gas Corporation (MGY) Income Statement Analysis

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Complete financial analysis of Magnolia Oil & Gas Corporation (MGY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Magnolia Oil & Gas Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.

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Magnolia Oil & Gas Corporation (MGY)

Industry: Oil & Gas Exploration & Production

Sector: Energy

Website: https://www.magnoliaoilgas.com

About Magnolia Oil & Gas Corporation

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. Its 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, 2021, the company's assets consisted of a total leasehold position of 4,71,263 net acres, including 23,785 net acres in Karnes and 4,47,478 net acres in the Giddings area, as well as holds 1,292 net wells with a total production capacity of 66.0 thousand barrels of oil equivalent per day. The company was incorporated in 2017 and is headquartered in Houston, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	1.23B	1.69B	1.08B	534.51M	936.14M	882.40M	403.19M	110.93M
Cost of Revenue	534.09M	439.42M	335.59M	405.70M	666.79M	417.59M	173.49M	50.25M
Gross Profit	692.89M	1.26B	742.76M	128.81M	269.35M	464.81M	229.70M	60.68M
Gross Profit Ratio	56.47%	74.07%	68.88%	24.10%	28.77%	52.68%	56.97%	54.70%
Research & Development	0.00	0.00	0.00	0.00	0.00	12.37M	0.00	0.00
General & Administrative	77.10M	72.43M	75.28M	68.92M	69.43M	69.12M	18.57M	12.16M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	-27.61M	0.00	0.00
SG&A	77.10M	72.43M	75.28M	68.92M	69.43M	41.51M	18.57M	12.16M
Other Expenses	90.78M	108.86M	64.89M	604.30M	71.98M	-46.93M	-21.00K	2.00K
Operating Expenses	167.89M	181.29M	140.17M	673.22M	141.41M	88.44M	39.69M	31.82M
Cost & Expenses	692.49M	620.71M	475.76M	1.08B	808.20M	506.04M	213.18M	82.07M
Interest Income	0.00	23.04M	31.00M	28.70M	28.36M	0.00	0.00	0.00
Interest Expense	33.00K	23.44M	31.00M	28.70M	28.36M	29.89M	8.49M	6.72M
Depreciation & Amortization	328.83M	246.40M	201.96M	303.58M	543.59M	323.58M	129.94M	33.12M
EBITDA	878.67M	1.33B	801.53M	-1.62B	671.71M	650.27M	311.56M	61.98M
EBITDA Ratio	71.61%	78.10%	74.16%	-45.10%	71.21%	79.32%	79.32%	55.88%
Operating Income	534.49M	1.07B	602.59M	-544.41M	127.50M	376.37M	190.01M	28.86M
Operating Income Ratio	43.56%	63.37%	55.88%	-101.85%	13.62%	42.65%	47.13%	26.02%
Total Other Income/Expenses	15.33M	-16.90M	-34.03M	-22.66M	-27.74M	40.74M	-8.40M	-6.72M
Income Before Tax	549.81M	1.06B	568.57M	-1.95B	99.77M	314.24M	181.62M	22.14M
Income Before Tax Ratio	44.81%	62.37%	52.73%	-364.51%	10.66%	35.61%	45.04%	19.96%
Income Tax Expense	107.21M	6.64M	8.85M	-79.34M	14.76M	13.24M	2.74M	673.00K
Net Income	388.30M	893.84M	559.72M	-1.87B	85.01M	257.65M	178.87M	21.47M
Net Income Ratio	31.65%	52.75%	51.90%	-349.67%	9.08%	29.20%	44.36%	19.36%
EPS	2.04	4.73	3.21	-11.24	0.53	1.03	2.20	0.29
EPS Diluted	2.04	4.71	3.19	-11.24	0.51	1.03	2.20	0.29
Weighted Avg Shares Out	188.17M	187.43M	174.36M	166.27M	161.89M	249.68M	81.25M	75.00M
Weighted Avg Shares Out (Dil)	188.36M	187.90M	175.36M	166.27M	167.05M	249.68M	81.25M	75.00M

Magnolia Oil & Gas Corp (MGY) Up 9.5% Since Last Earnings Report: Can It Continue?

November 29, 2024zacks.com

Magnolia Oil & Gas Corp (MGY) reported earnings 30 days ago. What's next for the stock?

Magnolia Oil & Gas Operating LLC Announces Proposed Offering of $400 Million Senior Notes

November 12, 2024businesswire.com

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Operating LLC Announces Proposed Offering of $400 Million Senior Notes.

Magnolia Oil And Gas Solid But High-Priced

November 9, 2024seekingalpha.com

Magnolia Oil and Gas, a $5.4 billion market cap company that produces from fields in south and southeast Texas, pays a 1.9% dividend and is buying back shares. Although it could be a takeover candidate, Magnolia is ranked a hold...

Magnolia Oil & Gas' Q3 Earnings Lag Y/Y, Revenues Beat Estimates

November 5, 2024zacks.com

MGY expects $125 million capital in drilling and completion in the fourth quarter of 2024, with an anticipated production of 93 Mboe/d.

Magnolia Oil & Gas Corporation (MGY) Q3 2024 Earnings Call Transcript

October 31, 2024seekingalpha.com

Magnolia Oil & Gas Corporation (NYSE:MGY ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Tom Fitter - Investor Relations Chris Stavros - President & Chief Executive Officer Brian Corales - Senior Vice President &...