secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001698990-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Q2 adjusted net income up 7% to $104.3M; production up 10% YoY; $130M returned to shareholders
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899024000027/0001698990-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899024000027/mgy-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001698990-24-000027

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