Magnolia Oil & Gas acquires WildFire Energy for ~$4.06B; raises dividend 9% to $0.18/share

Magnolia Oil & Gas Corp

• Total consideration: $2.65B cash, 32.2M MGY shares, assumption of $600M WildFire notes due 2029.
• Adds ~810,000 net acres in Giddings; pro forma >1.25M net acres; adds ~53 Mboe/d production (70% oil).
• Magnolia increases quarterly dividend by 9% to $0.18/share, payable in Q3 2026.
• Q2 2026 production averaged 106.1 Mboe/d (oil 41.9 Mbo/d); full-year production growth guidance raised to 6%.
• Amended RBL facility to $2.25B commitments, $2B borrowing base; bridge facility up to $1.5B committed.