---
schema_version: "secwatch.filing_event.v1"
accession: "0001698990-22-000045"
form_type: "8-K"
ticker: "MGY"
cik: "0001698990"
company_name: "Magnolia Oil & Gas Corp"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:46:04.995248+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001698990-22-000045
- form_type: 8-K
- ticker: MGY
- cik: 0001698990
- company_name: Magnolia Oil & Gas Corp
- filed_at: 2022-11-01T23:59:59+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/1698990/000169899022000045/0001698990-22-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698990/000169899022000045/mgy-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698990-22-000045
- JSON: https://secwatch.observer/filing/0001698990-22-000045.json
- Plain text: https://secwatch.observer/filing/0001698990-22-000045.txt

## Key facts
- Earnings Releases
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698990/000169899022000045/0001698990-22-000045-index.htm

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