earnings
confidence high
sentiment positive
materiality 0.80
Magnolia Oil & Gas Q3 2021 net income $159.9M; adjusted EPS $0.67, production up 4%
Magnolia Oil & Gas Corp
- Net income $159.9M; diluted EPS $0.67; adjusted net income $157.9M ($0.67 adjusted EPS).
- Adjusted EBITDAX $221.5M (+14% QoQ); free cash flow $143.5M; D&C capex $67.2M (30% of EBITDAX).
- Production 67.4 Mboe/d (+4% sequentially); Giddings production up 80% YoY.
- Repurchased $78.7M of stock (5M shares) in Q3; YTD 22.6M shares repurchased, 9% diluted share reduction.
- Cash $245M (+30% QoQ); no debt on $450M revolver; paid first $0.08 semi-annual dividend (next in Q1 2022).