earnings
confidence high
sentiment neutral
materiality 0.70
Magnolia Oil & Gas Q3 net income $105.9M, EPS $0.52; production up 10% YoY
Magnolia Oil & Gas Corp
- Net income $105.9M ($0.52 diluted EPS); adjusted net income $100.3M; adjusted EBITDAX $243.6M (up 2% YoY).
- Production 90.7 Mboe/d (+10% YoY), oil 38.9 Mbbls/d; Giddings output up 12% YoY.
- D&C capex $103.1M; Q4 guidance ~$125M, full-year ~$470M (mid-range of $450-480M budget).
- Dividend $0.13/share payable Dec 2, record Nov 8; repurchased 2.5M shares for $61.7M in Q3.
- Returned 70% of free cash flow ($87.8M) to shareholders; cash $276.1M, undrawn $450M revolver.