secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001698990-23-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Q3 net income down 59% YoY to $117.5M; raises 2023 production growth to 8%
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- Net income $117.5M ($0.54 diluted EPS), down 59% and 58% YoY respectively.
- Adjusted EBITDAX $239M (-38% YoY); D&C capex $104.3M (44% of EBITDAX).
- Production 82.7 Mboe/d (+1% sequential); Giddings output up 28% YoY, oil up 23%.
- Full-year 2023 organic production growth guidance raised to 8% (high-end of prior range).
- Dividend $0.115/share declared, payable Dec 1; repurchased 2.5M shares for $56.8M in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899023000028/0001698990-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899023000028/mgy-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001698990-23-000028

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