---
schema_version: "secwatch.filing_event.v1"
accession: "0001698990-24-000006"
form_type: "8-K"
ticker: "MGY"
cik: "0001698990"
company_name: "Magnolia Oil & Gas Corp"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:26:52.817184+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Magnolia Oil & Gas Q4 net income falls 56% to $0.53 EPS; production rises 16%

## Summary
- Q4 net income $113.9M ($0.53 diluted EPS) vs $254.8M ($1.20) in Q4 2022, down 56%.
- Q4 Adjusted EBITDAX $240M; D&C capital $91.5M (38% of EBITDAX), below guidance of $100M.
- Average daily production 85.4 Mboe/d, up 16% YoY; full year 2023 production 82.3 Mboe/d, up 9%.
- Full year 2023 net income $442.6M ($2.04 EPS) vs $1,050.2M ($4.71) in 2022, down 58%.
- Free cash flow Q4 $131.3M, full year $412.9M; cash balance $401.1M, down 41% from $675.4M.

## SEC filing metadata
- accession: 0001698990-24-000006
- form_type: 8-K
- ticker: MGY
- cik: 0001698990
- company_name: Magnolia Oil & Gas Corp
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698990/000169899024000006/0001698990-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698990/000169899024000006/mgy-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698990-24-000006
- JSON: https://secwatch.observer/filing/0001698990-24-000006.json
- Plain text: https://secwatch.observer/filing/0001698990-24-000006.txt

## Key facts
- Earnings Releases
  Magnolia Oil & Gas Corp reported the fourth quarter and full-year ended December 31, 2023 results: net income $113.9 million, EPS $0.53.
  - Period: the fourth quarter and full-year ended December 31, 2023
  - Net income: $113.9 million
  - EPS: $0.53
  - Result: reported results
  source text: On February 14, 2024, 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 fourth quarter and full-year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698990/000169899024000006/0001698990-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.