secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001698990-24-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Q1 net income $97.6M (-9% YoY); acquires Giddings acreage for $125M
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- Diluted EPS $0.46 (down 8% YoY); adjusted net income $101.0M (down 15%).
- Production 84.8 Mboe/d (+7% YoY); oil output 37.5 Mbbl/d; Giddings production up 17%.
- Free cash flow $117.1M; returned 68% via buybacks ($52.4M) and $0.13 dividend.
- Acquired ~27,000 net acres in Giddings for $125M on April 30; adds ~1,000 boe/d.
- FY 2024 D&C capex reaffirmed $450-480M; Q2 production guided ~89 Mboe/d.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899024000018/0001698990-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899024000018/mgy-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001698990-24-000018

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