Magnolia Oil & Gas Q3 net income up 79% to $287M; record production 81.5 Mboe/d

Magnolia Oil & Gas Corp

Net income $287M ($1.29 diluted EPS) vs $159.9M ($0.67) in Q3 2021, up 79%/93%.
Total production record 81.5 Mboe/d, up 21% YoY, 10% sequential, above guidance high end.
Adjusted EBITDAX $386M; free cash flow $233.9M; cash $689.5M, no debt maturity until 2026.
Repurchased 3.0M shares for $62.4M in Q3; declared $0.10/share dividend payable Dec 1.
Operating margin 65%; D&C capex $114.5M, only 30% of adjusted EBITDAX.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Magnolia Oil & Gas Corp reported the quarter ended September 30, 2022 results: net income $287.0 million, EPS $1.29.

Period: the quarter ended September 30, 2022
Net income: $287.0 million
EPS: $1.29
Result: reported results

Exact text from the filing

Third Quarter 2022 Highlights: (In millions, except per share data) For the Quarter Ended September 30, 2022 For the Quarter Ended September 30, 2021 Percentage increase (decrease) Net income $ 287.0 $ 159.9 79 % Earnings per share - diluted $ 1.29 $ 0.67 93 %

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Magnolia Oil & Gas Corp filing history →

Source: SEC EDGAR

accession 0001698990-22-000045

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