Magnolia Oil & Gas raises ~$1.26B in equity offering to fund WildFire acquisition

Magnolia Oil & Gas Corp

Issued 46,315,790 shares at $23.75; underwriters fully exercised option for 6,947,368 additional shares.
Net proceeds, with new senior notes and credit facility, to fund pending acquisition of WildFire Intermediate Holdings.
If acquisition not consummated, proceeds will be used for general corporate purposes, including debt repayment and capex.
Equity offering closed on July 22, 2026; underwriting agreement filed as Exhibit 1.1.

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