earnings
confidence high
sentiment positive
materiality 0.80
Magnolia Q4 net income $192M, EPS $0.82; production up 15% YoY
Magnolia Oil & Gas Corp
- Q4 net income $192.1M ($0.82 diluted EPS); full-year net income $559.7M ($2.36 per share).
- Q4 adjusted EBITDAX $260.6M; D&C capex $72.1M (28% of EBITDAX); free cash flow $178.5M.
- Production 69.4 Mboe/d (+15% YoY); Giddings production 36.0 Mboe/d (+27% YoY).
- Repurchased 2.7M shares in Q4; board added 10M shares to authorization; 15.8M remain.
- Declared $0.20 semi-annual dividend (up from $0.08) based on $55 oil; payable in March.