Highest-materiality recent filing
Magnolia provides updated WildFire acquisition details: 810K net acres, 53 MBoe/d production
Acquiring 100% of WildFire Intermediate Holdings; assets cover ~810,000 net acres in East Texas.
Magnolia Oil & Gas acquires WildFire Energy for ~$4.06B; raises dividend 9% to $0.18/share
Total consideration: $2.65B cash, 32.2M MGY shares, assumption of $600M WildFire notes due 2029.
All eight director nominees elected: Christopher Stavros, Dan Smith, Arcilia Acosta, Edward Djerejian, David Khani, James Larson, R. Lewis Ropp, Shandell Szabo.
Magnolia Q1 net income $100.8M, EPS $0.54; production up 6% YoY; bolt-on acquisitions $155M
Net income of $100.8M, down 5% YoY; diluted EPS $0.54 flat YoY; adjusted EBITDAX $252.9M, up 2%
Magnolia Q4 net income $71.4M, EPS $0.37; record production 103.8 Mboe/d; dividend raised 10%
Net income $71.4M ($0.37 diluted EPS) vs $88.7M in Q4 2024; full-year net income $337.3M ($1.73 diluted EPS).
Magnolia Q3 net income falls 26% YoY to $78.2M; production hits record 100.5 Mboe/d
Net income of $78.2M ($0.40 diluted EPS), down 26% vs $105.9M in Q3 2024.
Magnolia Q2 net income $81M, raises FY production growth guidance to ~10%
Net income $81M ($0.41 diluted EPS), down 23% YoY; adjusted net income $80.9M.
Magnolia Oil & Gas holds 2025 annual meeting; all director nominees elected
All 8 director nominees elected; most votes ~182.9M for, ~0.6M withheld.
Magnolia Q1 net income $106.6M, raises production guidance, lowers capex
Net income $106.6M ($0.54 diluted EPS), up 9% YoY; adjusted net income $105.6M.
Magnolia Q4 net income $88.7M (-22% YoY); production up 9%, dividend raised 15%
Q4 net income $88.7M, diluted EPS $0.44 (down 17% YoY); adjusted net income $95.4M.
Magnolia Oil & Gas Appoints R. Lewis Ropp as Independent Director
Appointment effective January 7, 2025; Ropp fills a Board vacancy and serves on the Audit Committee.
$400M aggregate principal of 6.875% senior notes issued due Dec 1, 2032.
Magnolia Oil & Gas amends RBL facility: $1.5B commitments, $800M borrowing base, maturity 2029
Maximum commitments increased to $1.5B; initial borrowing base set at $800M.
Magnolia proposes $400M senior notes due 2032 to refinance 2026 notes; also amends credit facility
Issuers intend to offer $400M senior unsecured notes due 2032 in private placement.
Magnolia prices $400M 6.875% senior notes due 2032; proceeds to retire 2026 notes
$400M aggregate principal of 6.875% senior unsecured notes due 2032 priced.
Magnolia Oil & Gas Q3 net income $105.9M, EPS $0.52; production up 10% YoY
Net income $105.9M ($0.52 diluted EPS); adjusted net income $100.3M; adjusted EBITDAX $243.6M (up 2% YoY).
EPS $0.51 diluted, up 6% YoY; adjusted EBITDAX $246.1M, up 21% YoY.
Magnolia Q1 net income $97.6M (-9% YoY); acquires Giddings acreage for $125M
Diluted EPS $0.46 (down 8% YoY); adjusted net income $101.0M (down 15%).
Magnolia Oil & Gas shareholders elect all 8 director nominees, approve say-on-pay, ratify KPMG
All eight nominees elected with substantial support; highest vote was Shandell M. Szabo (190,011,184 for).
Magnolia Oil & Gas Q4 net income falls 56% to $0.53 EPS; production rises 16%
Q4 net income $113.9M ($0.53 diluted EPS) vs $254.8M ($1.20) in Q4 2022, down 56%.
Magnolia Oil & Gas appoints David Khani to board; board size increases to 8
Board increased from 7 to 8 directors; David Khani appointed as independent director effective Feb. 6, 2024.
Magnolia Q3 net income down 59% YoY to $117.5M; raises 2023 production growth to 8%
Net income $117.5M ($0.54 diluted EPS), down 59% and 58% YoY respectively.
Magnolia Q2 net income falls 65% to $104.6M; production up 10%, share buyback expanded
Net income $104.6M ($0.48 diluted EPS), down 65% and 64% YoY respectively; adjusted net income $97.2M.
Magnolia Oil & Gas shareholders elect directors, approve say-on-pay, ratify auditor
Elected 7 director nominees; Christopher G. Stavros received 196.2M votes for, 1.8M withheld.
Magnolia Oil & Gas Q1 net income down 49% to $106.7M; cuts 2023 capex guidance
Net income $106.7M ($0.50 EPS), down 49% YoY; adjusted net income $119.3M, down 43%.
Magnolia Q4 net income $254.8M, EPS $1.20; FY EPS $4.71, production up 14%
Q4 2022 net income $254.8M ($1.20 diluted EPS), up 33% from $192.1M in Q4 2021.
Magnolia Oil & Gas Q4 2022 production miss; seen 73-74 Mboe/d vs 78 guidance
Preliminary Q4 2022 production 73-74 Mboe/d vs guidance midpoint of 78 Mboe/d.
Magnolia Oil & Gas Corp: selling stockholders sell 7.5M shares at $24.26; company buys 2M LLC units
Selling stockholders (EnerVest affiliates) sold 7.5M Class A shares at $24.26 each via underwritten offering.
Magnolia Oil & Gas appoints Brian M. Corales as SVP and CFO effective Nov 3
Brian M. Corales, previously VP Investor Relations, becomes CFO effective Nov 3, 2022; he is a CPA with prior investment banking experience.
Magnolia Oil & Gas Q3 net income up 79% to $287M; record production 81.5 Mboe/d
Net income $287M ($1.29 diluted EPS) vs $159.9M ($0.67) in Q3 2021, up 79%/93%.
Stephen Chazen stepped down as Chairman, President and CEO on Sept 21 due to serious health reasons.
Magnolia Oil & Gas Q2 net income up 158% to $299.9M; raises FY production growth view to 12-14%
Diluted EPS $1.32 vs $0.48 YoY; adjusted EPS also strong; revenue not disclosed but EBITDAX $393.4M up 102%.
Secondary offering of 7.5M shares by selling stockholders; company concurrently purchases 2M units
Selling stockholders (EnerVest affiliates) sold 7,500,000 shares of Class A common at $27.01 per share in an underwritten offering.
Magnolia Q1 net income $208.6M, EPS $0.90; raises 2022 capex to $400M, production growth >10%
Net income $208.6M ($0.90 diluted EPS) vs $91.5M ($0.37) in Q1 2021; total net income up 128%.
Magnolia Oil & Gas shareholders elect all seven director nominees and approve say-on-pay
All seven director nominees elected with votes for ranging from 185.3M to 207.8M; broker non-votes 6.69M.
Magnolia Oil & Gas: EnerVest affiliates sell 7.5M shares; company buys 2.5M LLC units
Selling stockholders (EnerVest affiliates) sold 7.5M shares of Class A common at $21.72 per share via Citigroup.
Magnolia Q4 net income $192M, EPS $0.82; production up 15% YoY
Q4 net income $192.1M ($0.82 diluted EPS); full-year net income $559.7M ($2.36 per share).
Magnolia Oil & Gas Q3 2021 net income $159.9M; adjusted EPS $0.67, production up 4%
Net income $159.9M; diluted EPS $0.67; adjusted net income $157.9M ($0.67 adjusted EPS).
Selling stockholders (EnerVest affiliates) sold 7,500,000 shares of Class A common at $16.38 per share in underwritten offering via J.P. Morgan.
Net income of $116.2M ($0.48 diluted EPS); adjusted net income $135.0M ($0.56 adjusted EPS).
On January 7, 2025, the board of directors (the “Board”) of Magnolia Oil & Gas Corporation (the “Company”) appointed R. Lewis Ropp as a director, effective immediately
On February 6, 2024, the board of directors (the “Board”) of Magnolia Oil & Gas Corporation (the “Company”) increased the size of the Board from seven to eight directors and appointed David Khani to fill the vacancy created by such increase, effective immediately (the “Appointment Date”).
On October 27, 2022, the Board of Directors (the “Board”) of Magnolia Oil & Gas Corporation (the “Company”) approved the appointment of Brian M. Corales, age 43, as Senior Vice President and Chief Financial Officer of the Company, effective November 3, 2022 (the “Effective Date”).
On such date, Dan Smith, who previously served as the Company’s Lead Independent Director, was appointed to serve as Chairman of the Board of Directors (the “Board”).
and appointed Christopher Stavros as President and Chief Executive Officer and as a director.
Max materiality 0.95 · Median 0.70 · Most common event earnings