earnings
confidence high
sentiment positive
materiality 0.85
Magnolia Q2 net income doubles to $181.8M; raises production guidance; provides WildFire acquisition financing details
Magnolia Oil & Gas Corp
- Net income $181.8M ($0.97 diluted EPS) vs $81.0M a year ago; adjusted net income $184.3M ($0.99 adjusted EPS).
- Adjusted EBITDAX $370.3M; free cash flow $234.6M; D&C capex $125M (34% of EBITDAX).
- Production 106.1 Mboe/d (+8% YoY); oil 41.9 Mbbls/d (+5%); raised full-year production growth guidance to 6% from 5%.
- Declared quarterly dividend $0.18/share (+9% increase); repurchased 1.7M shares for $49.3M in Q2.
- WildFire acquisition financing: issued 53.3M shares for $1.23B and $500M senior notes at 6.625% due 2034; expected close late Q3 2026.