secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2026-10-01T10:05:31+00:00
Accession:  0001104659-26-112532
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000110465926112532/0001104659-26-112532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000110465926112532/mgy-20261001x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-112532

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