secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001698990-22-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899022000045/0001698990-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899022000045/mgy-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001698990-22-000045

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