secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001698990-22-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Oil & Gas Q2 net income up 158% to $299.9M; raises FY production growth view to 12-14%
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- Diluted EPS $1.32 vs $0.48 YoY; adjusted EPS also strong; revenue not disclosed but EBITDAX $393.4M up 102%.
- Production 74.2 Mboe/d (+14% YoY), exceeding guidance; full-year 2022 production growth raised to 12-14%.
- Increased quarterly dividend to $0.10/share (annualized $0.40, +43% vs prior $0.28); moving to quarterly from semi-annual.
- Repurchased 4.1M shares for $102.4M in Q2; 10.1M total in 2022; $501.9M cash, no debt, undrawn $450M revolver.
- D&C capex $122M was only 31% of adjusted EBITDAX; free cash flow $250.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899022000028/0001698990-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899022000028/mgy-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001698990-22-000028

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