earnings
confidence high
sentiment positive
materiality 0.75
Magnolia Q4 net income $254.8M, EPS $1.20; FY EPS $4.71, production up 14%
Magnolia Oil & Gas Corp
- Q4 2022 net income $254.8M ($1.20 diluted EPS), up 33% from $192.1M in Q4 2021.
- Full-year net income $1,050.2M ($4.71 diluted EPS), up 88% from $559.7M in 2021.
- Average daily production 73.8 Mboe/d in Q4 (up 6% YoY); full-year 75.4 Mboe/d (up 14% YoY).
- Generated free cash flow of $141M in Q4 and $823.5M in full-year 2022.
- D&C capital $140M (52% of adj. EBITDAX) in Q4; full-year $459.8M (34% of adj. EBITDAX).