secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001698990-22-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899022000020/0001698990-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899022000020/mgy-20220509.htm
  HTML page:      https://secwatch.observer/filing/0001698990-22-000020

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