secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001698990-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899024000006/0001698990-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899024000006/mgy-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001698990-24-000006

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