secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001698990-24-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Oil & Gas Q3 net income $105.9M, EPS $0.52; production up 10% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899024000038/0001698990-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899024000038/mgy-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001698990-24-000038

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