Magnolia closes WildFire acquisition; sets Q4 production 159-161 Mboe/d, net debt ~$1.9B, $47.5M asset sale

Magnolia Oil & Gas Corp

Closed WildFire Energy acquisition announced late July; expects at least one-third of >$100M annual run-rate synergies by year-end 2026.
Q3 2026 production expected 116-118 Mboe/d (~42% oil); Q4 guidance 159-161 Mboe/d (49-50% oil) with D&C capital ~$235M; 2027 production growth 4-5%, D&C capex $900-950M.
Ended Q3 2026 with ~$1.9B net debt, below 1.0x 2027E EBITDA at strip, over a year ahead of plan; expects $65-$75M Q3 transaction/integration costs.
Sold non-core Dimmit/Zavala assets for $47.5M plus 616 net acres in Gonzales County; divested ~1.4 Mboe/d (~84% oil) NTM production; repurchased ~2.3M shares, ~267M outstanding.
Added oil costless collars: Q4 2026 3.68M Bbl at $73.75 floor/$90.97 ceiling; Q1 2027 2.7M Bbl at $70.83/$88.68; >half oil hedged through Q2 2027.

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