---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-112532"
form_type: "8-K"
ticker: "MGY"
cik: "0001698990"
company_name: "Magnolia Oil & Gas Corp"
filed_at: "2026-10-01T10:05:31+00:00"
generated_at: "2026-10-12T14:13:14.196884+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-112532
- form_type: 8-K
- ticker: MGY
- cik: 0001698990
- company_name: Magnolia Oil & Gas Corp
- filed_at: 2026-10-01T10:05:31+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698990/000110465926112532/0001104659-26-112532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698990/000110465926112532/mgy-20261001x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-112532
- JSON: https://secwatch.observer/filing/0001104659-26-112532.json
- Plain text: https://secwatch.observer/filing/0001104659-26-112532.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.