earnings
confidence high
sentiment positive
materiality 0.65
Magnolia Q2 adjusted net income up 7% to $104.3M; production up 10% YoY; $130M returned to shareholders
Magnolia Oil & Gas Corp
- EPS $0.51 diluted, up 6% YoY; adjusted EBITDAX $246.1M, up 21% YoY.
- Total production 90.2 Mboe/d (+10% YoY); Giddings output 69.6 Mboe/d (+21% YoY).
- D&C capex $123.4M, 50% of adjusted EBITDAX; free cash flow $96.7M.
- Repurchased 4M shares for $102.7M in Q2; declared $0.13/share dividend payable Sept 3.
- Cash balance $275.7M; undrawn $450M revolver; total shareholder return $130M.