{"schema_version":"secwatch.filing_event.v1","accession":"0001698990-23-000012","form_type":"8-K","ticker":"MGY","cik":"0001698990","company_name":"Magnolia Oil & Gas Corp","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.095108+00:00","generated_at":"2026-06-16T01:15:51.456897+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Magnolia Oil & Gas Q1 net income down 49% to $106.7M; cuts 2023 capex guidance","bullets":["Net income $106.7M ($0.50 EPS), down 49% YoY; adjusted net income $119.3M, down 43%.","Adjusted EBITDAX $216.9M (-27% YoY); D&C capex $139.7M (+68% YoY) but below guidance.","Production 79.3 Mboe/d (+10% YoY, +8% sequential); Giddings output up 22% YoY.","2023 D&C capex guidance cut to $440-460M (at least 10% lower); production growth expected 5-7%.","Repurchased 2.4M shares for $51.3M; declared $0.115/share dividend payable June 1."],"urls":{"canonical":"https://secwatch.observer/filing/0001698990-23-000012","json":"https://secwatch.observer/filing/0001698990-23-000012.json","markdown":"https://secwatch.observer/filing/0001698990-23-000012.md","text":"https://secwatch.observer/filing/0001698990-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698990/000169899023000012/0001698990-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698990/000169899023000012/mgy-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T01:15:51.456897+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"51f5856f4858d22f4865dd72cf40c7ea87003a7c","claim":"Magnolia Oil & Gas Corp updated its the quarter ended March 31, 2023 guidance (lowered).","evidence_excerpt":"On May 3, 2023, Magnolia Oil & Gas Corporation (the \"Company\") issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein, announcing its financial and operational results for the quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698990/000169899023000012/0001698990-23-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}