Magnolia Oil & Gas Q4 2022 production miss; seen 73-74 Mboe/d vs 78 guidance

Magnolia Oil & Gas Corp

Preliminary Q4 2022 production 73-74 Mboe/d vs guidance midpoint of 78 Mboe/d.
One large pad came online later than expected; now fully operational and performing.
Late-Dec freezing weather caused shut-ins at Karnes and Giddings assets.
Production recovered to exceed 80 Mboe/d; 2023 guidance unchanged with 10% growth expected.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Magnolia Oil & Gas Corp updated its fourth quarter 2022 guidance (reaffirmed).

Period: fourth quarter 2022
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

Magnolia Oil & Gas Announces Preliminary Fourth Quarter 2022 Production

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Magnolia Oil & Gas Corp filing history →

Source: SEC EDGAR

accession 0001698990-23-000003

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