earnings
confidence high
sentiment neutral
materiality 0.65
Magnolia Q1 net income $100.8M, EPS $0.54; production up 6% YoY; bolt-on acquisitions $155M
Magnolia Oil & Gas Corp
- Net income of $100.8M, down 5% YoY; diluted EPS $0.54 flat YoY; adjusted EBITDAX $252.9M, up 2%
- Total production 102.6 Mboe/d (+6% YoY); oil 40.7 Mbbls/d (+4%); Giddings volumes grew 9% YoY
- Bolt-on acquisitions of ~6,200 net acres for $155M, adding ~500 boe/d production (~45% oil)
- Repurchased 2.0M shares for $51.9M; declared $0.165/share dividend; returned $83.3M (57% of FCF) to shareholders
- Q2 2026 guidance: D&C capex $120-125M, production ~105 Mboe/d; full-year production growth ~5% reiterated