NYSE : MGY
Magnolia Oil & Gas Corporation — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 26.22 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 6.21B
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Financial statements
Magnolia Oil & Gas Corporation (MGY) reported revenue of 1.48B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.48B | 1.31B | 1.32B | 1.23B | 1.69B | 1.08B |
| Cost of Revenue | 263.12M | 253.66M | 220.71M | 199.82M | 196.27M | 138.56M |
| Gross Profit | 1.22B | 1.06B | 1.10B | 1.03B | 1.50B | 939.79M |
| Selling, General & Admin | 109.77M | 97.04M | 88.73M | 77.10M | 72.43M | 75.28M |
| Amortization of Goodwill & Intangibles | 9.35M | |||||
| Other Operating Expenses | 84.09M | 83.25M | 78.59M | 69.60M | 97.28M | 63.87M |
| Operating Expenses | 650.76M | 619.01M | 583.18M | 492.68M | 424.44M | 340.31M |
| Operating Income | 566.01M | 439.18M | 511.99M | 534.49M | 1.07B | 599.48M |
| Interest Expense | -33.27M | -31.40M | -31.10M | -30.60M | -32.20M | -31.20M |
| Interest & Investment Income | 9.78M | 9.78M | 16.73M | 30.57M | 8.76M | 198.00K |
| Other Non Operating Income (Expenses) | -2.05M | -4.66M | 10.00K | 7.72M | 6.54M | 85.00K |
| EBT Excluding Unusual Items | 540.48M | 412.90M | 497.63M | 542.17M | 1.06B | 568.57M |
| Merger & Restructuring Charges | -3.20M | |||||
| Other Unusual Items | 507.00K | 4.51M | -4.48M | 7.64M | ||
| Pretax Income | 537.79M | 417.41M | 493.14M | 549.81M | 1.06B | 568.57M |
| Income Tax Expense | 105.57M | 80.13M | 95.81M | 107.21M | 6.64M | 8.85M |
| Earnings From Continuing Operations | 432.21M | 337.28M | 397.33M | 442.60M | 1.05B | 559.72M |
| Minority Interest in Earnings | -6.41M | -12.03M | -31.30M | -54.30M | -156.41M | -142.43M |
| Net Income | 425.81M | 325.25M | 366.03M | 388.30M | 893.84M | 417.28M |
| Preferred Dividends & Other Adjustments | 5.92M | 4.46M | 4.50M | 4.34M | 8.20M | 2.79M |
| Net Income to Common | 419.88M | 320.80M | 361.53M | 383.96M | 885.63M | 414.49M |
| Shares Outstanding (Basic) | 183.75M | 185.58M | 186.47M | 188.17M | 187.43M | 174.36M |
| Shares Outstanding (Diluted) | 183.77M | 185.59M | 186.49M | 188.35M | 187.90M | 175.36M |
| EPS (Basic) | 2.29 | 1.73 | 1.94 | 2.04 | 4.73 | 2.38 |
| EPS (Diluted) | 2.29 | 1.73 | 1.94 | 2.04 | 4.71 | 2.36 |
| Free Cash Flow | 545.51M | 409.16M | 434.12M | 430.90M | 831.55M | 552.05M |
| Free Cash Flow Per Share | 2.97 | 2.21 | 2.33 | 2.29 | 4.42 | 3.15 |
| Dividend Per Share | 0.66 | 0.61 | 0.54 | 0.47 | 0.32 | 0.28 |
| Gross Margin | 82.22% | 80.66% | 83.23% | 83.71% | 88.42% | 87.15% |
| Operating Margin | 38.25% | 33.48% | 38.91% | 43.56% | 63.37% | 55.59% |
| Profit Margin | 28.37% | 24.45% | 27.47% | 31.29% | 52.26% | 38.44% |
| Free Cash Flow Margin | 36.86% | 31.19% | 32.99% | 35.12% | 49.07% | 51.19% |
| EBITDA | 1.03B | 883.74M | 933.20M | 879.05M | 1.32B | 801.45M |
| EBITDA Margin | 69.47% | 67.37% | 70.92% | 71.64% | 77.91% | 74.32% |
| D&A For EBITDA | 462.10M | 444.56M | 421.22M | 344.56M | 246.40M | 201.96M |
| EBIT | 566.01M | 439.18M | 511.99M | 534.49M | 1.07B | 599.48M |
| EBIT Margin | 38.25% | 33.48% | 38.91% | 43.56% | 63.37% | 55.59% |
| Effective Tax Rate | 19.63% | 19.20% | 19.43% | 19.50% | 0.63% | 1.56% |
| Revenue as Reported | 1.48B | 1.31B | 1.32B | 1.23B | 1.69B | 1.08B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 295.94M | 266.79M | 260.05M | 401.12M | 675.44M | 366.98M |
| Cash & Short-Term Investments | 295.94M | 266.79M | 260.05M | 401.12M | 675.44M | 366.98M |
| Accounts Receivable | 159.47M | 116.53M | 123.76M | 189.71M | 170.77M | 149.77M |
| Other Receivables | 29.74M | 58.24M | 24.14M | |||
| Receivables | 189.21M | 174.77M | 147.90M | 189.71M | 170.77M | 149.77M |
| Other Current Assets | 3.44M | 877.00K | 2.87M | 447.00K | 4.54M | 1.17M |
| Total Current Assets | 488.59M | 442.44M | 410.82M | 591.27M | 850.75M | 517.92M |
| Property, Plant & Equipment | 2.60B | 2.45B | 2.32B | 2.07B | 1.54B | 1.22B |
| Long-Term Deferred Tax Assets | 2.66M | 77.64M | 90.36M | 162.79M | ||
| Long-Term Deferred Charges | 5.58M | 7.02M | 3.84M | 5.64M | 3.70M | |
| Other Long-Term Assets | 52.83M | 2.31M | 2.26M | 3.23M | 12.75M | 1.30M |
| Total Assets | 3.14B | 2.90B | 2.82B | 2.76B | 2.57B | 1.75B |
| Accounts Payable | 173.06M | 177.57M | 181.07M | 193.21M | 202.85M | 127.91M |
| Accrued Expenses | 24.14M | 17.52M | ||||
| Current Portion of Leases | 19.50M | 18.21M | 12.21M | 9.58M | 3.97M | 4.03M |
| Other Current Liabilities | 115.99M | 68.11M | 79.45M | 112.10M | 133.46M | 86.61M |
| Total Current Liabilities | 308.55M | 288.03M | 290.26M | 314.89M | 340.27M | 218.54M |
| Long-Term Debt | 393.64M | 393.25M | 392.51M | 392.84M | 390.38M | 388.09M |
| Long-Term Leases | 8.10M | 5.59M | 7.13M | 4.85M | 5.15M | |
| Long-Term Deferred Tax Liabilities | 65.11M | |||||
| Other Long-Term Liabilities | 226.41M | 214.54M | 165.14M | 158.69M | 96.88M | 89.72M |
| Total Liabilities | 993.71M | 903.92M | 853.51M | 873.55M | 832.39M | 701.49M |
| Common Stock | 24.00K | 24.00K | 24.00K | 23.00K | 23.00K | 24.00K |
| Additional Paid-In Capital | 1.97B | 1.90B | 1.88B | 1.74B | 1.72B | 1.69B |
| Retained Earnings | 1.19B | 966.75M | 754.59M | 486.16M | 185.67M | -708.17M |
| Treasury Stock | -1.01B | -928.66M | -721.28M | -538.45M | -329.51M | -164.60M |
| Comprehensive Income & Other | -1.55M | -1.61M | ||||
| Total Common Equity | 2.15B | 1.94B | 1.91B | 1.69B | 1.58B | 816.76M |
| Minority Interest | 59.22M | 53.75M | 191.00M | 164.14M | 228.49M | |
| Shareholders' Equity | 2.15B | 2.00B | 1.97B | 1.88B | 1.74B | 1.05B |
| Total Liabilities & Equity | 3.14B | 2.90B | 2.82B | 2.76B | 2.57B | 1.75B |
| Total Debt | 413.13M | 419.56M | 410.31M | 409.55M | 399.20M | 397.26M |
| Net Cash (Debt) | -117.19M | -152.78M | -150.26M | -8.43M | 276.24M | -30.28M |
| Net Cash Per Share | -0.64 | -0.82 | -0.81 | -0.04 | 1.47 | -0.17 |
| Filing Date Shares Outstanding | 236.97M | 180.88M | 188.64M | 182.45M | 192.06M | 183.74M |
| Total Common Shares Outstanding | 181.70M | 181.23M | 189.36M | 183.16M | 192.04M | 179.27M |
| Working Capital | 180.04M | 154.41M | 120.56M | 276.39M | 510.47M | 299.37M |
| Book Value Per Share | 11.82 | 10.70 | 10.11 | 9.24 | 8.21 | 4.56 |
| Tangible Book Value | 2.15B | 1.94B | 1.91B | 1.69B | 1.58B | 816.76M |
| Tangible Book Value Per Share | 11.82 | 10.70 | 10.11 | 9.24 | 8.21 | 4.56 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 425.81M | 325.25M | 366.03M | 388.30M | 893.84M | 417.28M |
| Depreciation & Amortization | 462.10M | 444.56M | 421.22M | 344.56M | 246.40M | 201.96M |
| Other Amortization | 2.20M | 2.17M | 4.46M | 4.26M | 5.85M | 4.29M |
| Loss (Gain) From Sale of Assets | -3.95M | |||||
| Stock-Based Compensation | 35.29M | 27.26M | 18.66M | 16.17M | 13.31M | 11.74M |
| Other Operating Activities | 142.91M | 107.21M | 108.98M | 122.29M | 91.25M | 143.51M |
| Change in Accounts Receivable | -28.88M | -3.89M | 32.88M | -14.27M | -21.00M | -68.21M |
| Change in Accounts Payable | 5.64M | -5.29M | -18.39M | -9.21M | 74.94M | 65.28M |
| Change in Other Net Operating Assets | -7.97M | -18.62M | -12.99M | 7.64M | -7.90M | 12.62M |
| Operating Cash Flow | 1.04B | 878.64M | 920.85M | 855.79M | 1.30B | 788.48M |
| Capital Expenditures | -491.58M | -469.48M | -486.73M | -424.89M | -465.14M | -236.43M |
| Cash Acquisitions | -183.14M | -66.59M | -165.42M | -355.50M | -90.13M | -18.34M |
| Other Investing Activities | 18.56M | -4.68M | -2.97M | -34.51M | 36.38M | 11.33M |
| Investing Cash Flow | -656.16M | -540.75M | -655.12M | -814.90M | -518.89M | -243.44M |
| Long-Term Debt Issued | 400.00M | |||||
| Total Debt Issued | 400.00M | |||||
| Long-Term Debt Repaid | -404.00M | |||||
| Total Debt Repaid | -404.00M | |||||
| Net Debt Issued (Repaid) | -4.00M | |||||
| Repurchase of Common Stock | -206.94M | -205.47M | -273.05M | -205.32M | -352.19M | -297.31M |
| Common Dividends Paid | -117.08M | -113.10M | -97.62M | -88.08M | -75.20M | -14.13M |
| Other Financing Activities | -12.74M | -12.59M | -32.13M | -21.81M | -41.96M | -59.17M |
| Financing Cash Flow | -336.76M | -331.16M | -406.80M | -315.21M | -469.34M | -370.61M |
| Net Cash Flow | 44.18M | 6.74M | -141.07M | -274.32M | 308.46M | 174.42M |
| Free Cash Flow | 545.51M | 409.16M | 434.12M | 430.90M | 831.55M | 552.05M |
| Free Cash Flow Margin | 36.86% | 31.19% | 32.99% | 35.12% | 49.07% | 51.19% |
| Free Cash Flow Per Share | 2.97 | 2.21 | 2.33 | 2.29 | 4.42 | 3.15 |
| Levered Free Cash Flow | 332.48M | 226.26M | 270.28M | 209.18M | 548.84M | 362.14M |
| Unlevered Free Cash Flow | 351.07M | 243.72M | 285.26M | 224.05M | 563.11M | 377.35M |
| Cash Interest Paid | 29.73M | 29.67M | 33.97M | 26.35M | 26.65M | 26.93M |
| Cash Income Tax Paid | 7.78M | 23.10M | 38.83M | 72.23M | 3.16M | |
| Change in Working Capital | -31.21M | -27.80M | 1.50M | -15.84M | 46.04M | 9.69M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.28B | 4.01B | 4.47B | 3.94B | 4.40B | 3.43B |
| Enterprise Value | 6.40B | 4.20B | 4.64B | 3.90B | 4.30B | 3.79B |
| Last Close Price | 26.50 | 21.48 | 22.33 | 19.91 | 21.46 | 16.96 |
| PE Ratio | 11.60 | 12.50 | 12.35 | 10.27 | 4.96 | 8.28 |
| Forward PE | 8.85 | 12.86 | 11.88 | 8.25 | 6.26 | 7.33 |
| PS Ratio | 4.24 | 3.06 | 3.39 | 3.21 | 2.60 | 3.18 |
| PB Ratio | 2.24 | 2.00 | 2.27 | 2.10 | 2.53 | 3.28 |
| P/TBV Ratio | 2.93 | 2.07 | 2.33 | 2.33 | 2.79 | 4.20 |
| P/FCF Ratio | 11.51 | 9.80 | 10.29 | 9.15 | 5.29 | 6.21 |
| P/OCF Ratio | 6.06 | 4.56 | 4.85 | 4.61 | 3.39 | 4.35 |
| PEG Ratio | 2.65 | 1.20 | 0.49 | 0.49 | 1.29 | |
| EV/Sales Ratio | 4.32 | 3.20 | 3.52 | 3.18 | 2.54 | 3.52 |
| EV/EBITDA Ratio | 6.22 | 4.75 | 4.97 | 4.44 | 3.26 | 4.73 |
| EV/EBIT Ratio | 11.30 | 9.56 | 9.06 | 7.30 | 4.01 | 6.32 |
| EV/FCF Ratio | 11.73 | 10.26 | 10.68 | 9.05 | 5.17 | 6.87 |
| Debt / Equity Ratio | 0.19 | 0.21 | 0.21 | 0.22 | 0.23 | 0.38 |
| Debt / EBITDA Ratio | 0.37 | 0.44 | 0.41 | 0.44 | 0.29 | 0.48 |
| Debt / FCF Ratio | 0.76 | 1.02 | 0.94 | 0.95 | 0.48 | 0.72 |
| Net Debt / Equity Ratio | 0.06 | 0.08 | 0.08 | 0.00 | -0.16 | 0.03 |
| Net Debt / EBITDA Ratio | 0.11 | 0.17 | 0.16 | 0.01 | -0.21 | 0.04 |
| Net Debt / FCF Ratio | 0.21 | 0.37 | 0.35 | 0.02 | -0.33 | 0.06 |
| Asset Turnover | 0.49 | 0.46 | 0.47 | 0.46 | 0.79 | 0.67 |
| Quick Ratio | 1.57 | 1.53 | 1.41 | 1.88 | 2.49 | 2.37 |
| Current Ratio | 1.58 | 1.54 | 1.42 | 1.88 | 2.50 | 2.37 |
| Return on Equity (ROE) | 20.85% | 17.01% | 20.64% | 24.43% | 75.41% | 59.40% |
| Return on Assets (ROA) | 11.79% | 9.59% | 11.47% | 12.54% | 31.08% | 23.42% |
| Return on Invested Capital (ROIC) | 19.83% | 16.62% | 20.58% | 25.65% | 84.04% | 55.65% |
| Return on Capital Employed (ROCE) | 20.00% | 16.80% | 20.20% | 21.90% | 48.10% | 39.20% |
| Earnings Yield | 8.62% | 8.11% | 8.20% | 9.85% | 20.33% | 12.16% |
| FCF Yield | 8.69% | 10.21% | 9.72% | 10.93% | 18.91% | 16.09% |
| Dividend Yield | 2.72% | 2.78% | 2.29% | 2.21% | 1.38% | 1.46% |
| Payout Ratio | 31.51% | 34.77% | 26.67% | 22.68% | 8.41% | 3.39% |
| Buyback Yield / Dilution | 2.48% | 0.48% | 0.99% | -0.24% | -7.15% | -5.47% |
| Total Shareholder Return | 5.20% | 3.26% | 3.28% | 1.96% | -5.78% | -4.00% |