MGY closes WildFire acquisition for $2.57B cash, 32.2M shares, $600M notes

Magnolia Oil & Gas Corp

Closed Sept 10, 2026; purchase price: $2,570M cash, 32,203,000 MGY shares, assumption of 7.5% $600M notes due 2029.
WildFire H1 2026 (unaudited): revenue $642M, net income $102M; total assets $2.83B as of June 30, 2026.
MGY assumed $600M 7.5% Senior Notes due 2029 via supplemental indenture; added Magnolia Midstream as guarantor to 2032/2034 notes.
Seller granted 30-day lock-up on equity consideration; registration rights agreement filed.

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