---
schema_version: "secwatch.filing_event.v1"
accession: "0001698990-22-000020"
form_type: "8-K"
ticker: "MGY"
cik: "0001698990"
company_name: "Magnolia Oil & Gas Corp"
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:30:13.433686+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Magnolia Q1 net income $208.6M, EPS $0.90; raises 2022 capex to $400M, production growth >10%

## Summary
- Net income $208.6M ($0.90 diluted EPS) vs $91.5M ($0.37) in Q1 2021; total net income up 128%.
- Adjusted EBITDAX $298.4M, free cash flow $197.9M; D&C capex $83.4M (28% of adj. EBITDAX).
- Production 71.8 Mboe/d (+15% YoY), Giddings up 24% with oil production +31%.
- Repurchased 6.0M shares for $129.6M; cash $346.4M, no borrowings on $450M credit facility.
- 2022 D&C capex guidance raised to $400M from $350M; production growth expected >10% (previously high single-digit).

## SEC filing metadata
- accession: 0001698990-22-000020
- form_type: 8-K
- ticker: MGY
- cik: 0001698990
- company_name: Magnolia Oil & Gas Corp
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698990/000169899022000020/0001698990-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698990/000169899022000020/mgy-20220509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698990-22-000020
- JSON: https://secwatch.observer/filing/0001698990-22-000020.json
- Plain text: https://secwatch.observer/filing/0001698990-22-000020.txt

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