See more : Alamos Gold Inc. (AGI) Income Statement Analysis – Financial Results
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)
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 | 524.61M | 439.42M | 335.59M | 405.70M | 666.79M | 417.59M | 173.49M | 50.25M |
| Gross Profit | 702.37M | 1.26B | 742.76M | 128.81M | 269.35M | 464.81M | 229.70M | 60.68M |
| Gross Profit Ratio | 57.24% | 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 |
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Magnolia Oil & Gas Schedules Conference Call for First Quarter 2023 Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the first quarter 2023 on Thursday, May 4 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join...
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Magnolia Oil & Gas' (MGY) Q4 Earnings Beat, Revenues Miss
Magnolia Oil & Gas Corp (MGY) projects first-quarter capital spending at $140-$150 million and output of 80,000-82,000 boe/d.
Magnolia Oil & Gas Corporation (MGY) Q4 2022 Earnings Call Transcript
Magnolia Oil & Gas Corporation (NYSE:MGY ) Q4 2022 Earnings Conference Call February 15, 2023 11:00 AM ET Company Participants Jim Johnson - Investor Relations Chris Stavros - President & Chief Executive Officer Brian Corales - Senior Vice President &...
Magnolia Oil & Gas Corp (MGY) Q4 Earnings Surpass Estimates
Magnolia Oil & Gas Corp (MGY) delivered earnings and revenue surprises of 13.16% and 0.71%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Magnolia Oil & Gas Corporation Announces 2022 Fourth Quarter and Year-End Results
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces 2022 Fourth Quarter and Year-End Results
Magnolia Oil & Gas Corporation Announces 2022 Fourth Quarter and Year-End Results
HOUSTON--(BUSINESS WIRE)--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 2022. Fourth Quarter 2022 Summary Financial Results: (In millions, except per share...
Magnolia Oil & Gas: Over $500 Million In Projected FCF In 2023
Magnolia appears capable of generating over $500 million in free cash flow in 2023 at current strip prices. It also intends to grow production by 10% in 2023 with a reinvestment rate that could be under 50%.
Source: https://incomestatements.info
Category: Stock Reports