secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0001698990-21-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Q2 net income $116.2M; adjusted EPS $0.56; production rises 4% sequentially; declares dividend
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- Net income of $116.2M ($0.48 diluted EPS); adjusted net income $135.0M ($0.56 adjusted EPS).
- Adjusted EBITDAX of $195.1M, up 29% sequentially; D&C capex $53.8M (28% of EBITDAX).
- Q2 production 64.9 Mboe/d (+4% seq); oil production up 11% seq to 31.9 MBbls/d.
- Repurchased $120.7M of shares in Q2; diluted share count expected to fall to 237M in Q3.
- Declared first semi-annual dividend of $0.08/share payable Sep 1, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899021000034/0001698990-21-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899021000034/mgy-20210802.htm
  HTML page:      https://secwatch.observer/filing/0001698990-21-000034

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