Magnolia Oil & Gas Corporation
- Open
- 25.97
- Day high
- 26.34
- Day low
- 25.48
- Prev close
- 25.73
- Volume
- 2.6M
- Mkt cap
- $4.7B
- P/E (TTM)
- 14.7
- EPS (TTM)
- $1.74
- P/B
- 2.3
- P/S
- 3.6
- Yield
- 2.46%
- Per share
- $0.63
Magnolia Oil & Gas Corporation (MGY) is a Energy company listed on NYSE. The stock is up 14% over the past year.
Magnolia Oil & Gas Corporation (MGY) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MGY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.51 | $0.54 | +5.9% | $359M | +2.5% |
| Feb 5, 2026 | $0.36 | $0.37 | +2.8% | $318M | +2.5% |
| Oct 29, 2025 | $0.41 | $0.41 | +0.0% | $325M | +0.9% |
| Jul 30, 2025 | $0.40 | $0.43 | +7.5% | $319M | +0.1% |
| Apr 30, 2025 | $0.53 | $0.55 | +3.8% | $350M | +2.3% |
| Feb 18, 2025 | $0.46 | $0.49 | +6.5% | $327M | -0.2% |
| Oct 30, 2024 | $0.48 | $0.53 | +10.4% | $333M | +0.7% |
| Jul 31, 2024 | $0.53 | $0.56 | +5.7% | $337M | +0.1% |
| Feb 14, 2024 | $0.53 | $0.52 | -1.9% | $323M | -1.0% |
| Nov 1, 2023 | $0.53 | $0.54 | +1.9% | $316M | -0.6% |
| Aug 1, 2023 | $0.42 | $0.51 | +21.4% | $280M | -4.4% |
| May 3, 2023 | $0.54 | $0.50 | -7.4% | $308M | -5.7% |
MGY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 12, 2026 | Khani David M.director | Grant | 6,320 | — |
| May 12, 2026 | LARSON JAMES Rdirector | Grant | 6,320 | — |
| May 12, 2026 | Szabo Shandelldirector | Grant | 6,320 | — |
| May 12, 2026 | Acosta Arciliadirector | Grant | 6,320 | — |
| May 12, 2026 | DJEREJIAN EDWARD Pdirector | Grant | 6,320 | — |
| May 12, 2026 | Ropp Ralph Lewisdirector | Grant | 6,320 | — |
| May 12, 2026 | SMITH DAN Fdirector | Grant | 8,028 | — |
| Mar 31, 2026 | Szabo Shandelldirector | Sell | 11,731 | $31.98 |
| Mar 11, 2026 | Corales Brianofficer: SVP & CHIEF FINANCIAL OFFICER | Sell | 33,000 | $29.12 |
| Mar 11, 2026 | Acosta Arciliadirector | Sell | 19,235 | $29.10 |
| Mar 11, 2026 | Stavros Christopher Gdirector, officer: CEO & CHAIRMAN | Sell | 119,954 | $29.29 |
| Mar 11, 2026 | Yang Timothy D.officer: EVP, CHIEF LEGAL & COMM & SEC | Sell | 150,000 | $29.29 |
| Mar 11, 2026 | DJEREJIAN EDWARD Pdirector | Sell | 18,000 | $28.98 |
| Mar 4, 2026 | Corales Brianofficer: SVP & CHIEF FINANCIAL OFFICER | Tax | 15,916 | $28.55 |
| Mar 4, 2026 | Acosta Arciliadirector | Grant | 69 | — |
Source: MGY SEC Form 4 filings, latest May 12, 2026. For informational purposes only — not investment advice.
See the full MGY insider & 13F page →Magnolia Oil & Gas Corporation company profile
Overview
Magnolia Oil & Gas Corporation (NYSE:MGY) is an independent oil and gas exploration and production company founded in 2017 and headquartered in Houston, Texas. The company went public in June 2017 and has since established itself as a focused operator in South Texas, primarily developing unconventional shale resources in the Eagle Ford Shale and Austin Chalk formations. Magnolia has built its business around two core asset areas: the Karnes County region and the larger Giddings Field, with the latter becoming increasingly dominant in the company's production portfolio and growth strategy.
Business
Magnolia Oil & Gas operates in the upstream oil and gas industry, which involves the exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGLs) from underground reservoirs. The company specializes in unconventional resource development, specifically targeting shale formations that require advanced drilling and completion techniques to extract hydrocarbons. The company's operations are concentrated in two primary areas in South Texas. The Karnes County asset represents the company's original production base and continues to generate substantial free cash flow, though it is now in a mature phase with modest production declines. The Giddings Field has become the company's primary growth engine, representing approximately 77% of total production volumes as of recent quarters. The Giddings asset spans over 200,000 net acres and targets both the Eagle Ford Shale and Austin Chalk formations. Unconventional oil and gas development involves drilling horizontal wells that extend thousands of feet laterally through hydrocarbon-bearing rock formations. These wells are then hydraulically fractured (fracked) using high-pressure water, sand, and chemicals to create fractures in the rock that allow oil and gas to flow to the wellbore. This process requires significant upfront capital investment but can produce substantial volumes of hydrocarbons over many years. As of the most recent reporting period, Magnolia operates approximately 1,292 net wells across its portfolio, with total production capacity of around 96,500 barrels of oil equivalent per day. The company's production mix includes crude oil (the most valuable component), natural gas, and natural gas liquids, with oil production representing a significant portion of revenue due to higher commodity prices compared to natural gas.
Revenue model
Magnolia generates revenue through the direct sale of produced hydrocarbons to various purchasers including refineries, marketing companies, and pipeline operators. The company's revenue is directly tied to three factors: production volumes, commodity prices, and the mix of products sold (oil typically commands higher prices than natural gas). The company's customers are primarily commodity purchasers and midstream companies that buy oil and gas at or near the wellhead. Revenue is generated through long-term contracts and spot market sales, with pricing typically tied to benchmark commodity prices such as West Texas Intermediate (WTI) crude oil and Henry Hub natural gas. Magnolia's profitability is significantly influenced by several key factors. Commodity price volatility represents the most significant external factor affecting margins, as oil and gas prices fluctuate based on global supply and demand dynamics, geopolitical events, and economic conditions. The company maintains an unhedged position, meaning it has full exposure to commodity price movements both positive and negative. Operational efficiency improvements have been a major margin enhancement driver. The company has reduced well costs by approximately 20% through improved drilling techniques, better completion designs, and enhanced operational practices. Field-level operating costs have been reduced to around $5.33 per barrel of oil equivalent through digital field management systems, optimized maintenance schedules, and improved procurement practices. Service cost inflation represents a potential margin pressure, though Magnolia has successfully negotiated reductions in key service categories including pressure pumping and tubular goods. The company's capital discipline approach, maintaining reinvestment rates below 55% of cash flow, allows for substantial free cash flow generation even during periods of moderate commodity prices. Regulatory and environmental factors can impact costs through permitting requirements, emissions regulations, and potential restrictions on drilling activities. Transportation capacity and midstream infrastructure availability also affect realized pricing and operational flexibility.
Competitive moat
Magnolia's competitive position is built around operational excellence and cost efficiency rather than traditional resource-based moats. The company's primary competitive advantages stem from its deep technical expertise in developing Eagle Ford Shale and Austin Chalk formations, particularly in the Giddings Field where it has established significant geological knowledge and operational scale. The company's concentrated asset base provides operational efficiencies through shared infrastructure, optimized drilling programs, and reduced transportation costs. Magnolia's extensive acreage position in Giddings (over 200,000 net acres) provides substantial drilling inventory and development optionality, creating barriers for competitors seeking to establish similar scale in the area. Technical expertise and operational efficiency represent Magnolia's strongest competitive advantages. The company has demonstrated superior well performance through advanced completion techniques and has achieved significant cost reductions through operational improvements. This technical capability allows Magnolia to generate attractive returns even during periods of moderate commodity prices. However, Magnolia operates in a commodity-driven industry with limited differentiation potential. The company's products are essentially commodities sold at market prices, providing little pricing power. New entrants can potentially access similar geological formations through leasing activity, though the capital requirements and technical expertise needed for successful development create some barriers. Potential competitive threats include larger integrated oil companies with superior financial resources, technological innovations that could reduce development costs for competitors, and potential consolidation in the sector that could create larger, more efficient operators. The company's relatively small size compared to major oil companies could limit its ability to compete for large-scale acquisition opportunities or access to advanced technologies. The sustainability of Magnolia's competitive position depends largely on its ability to continue improving operational efficiency and maintaining cost discipline while successfully developing its extensive acreage inventory.
Risks & safety
Magnolia demonstrates a strong financial position with substantial cash reserves and minimal debt, providing significant downside protection. • Liquidity and Solvency: Strong cash position of $248 million with minimal debt (debt-to-equity ratio of 0.0 as of Q1 2025), providing substantial financial flexibility and eliminating near-term solvency concerns • Cash Generation: Consistent free cash flow generation of $93-126 million per quarter, with the company returning 70-88% of free cash flow to shareholders while maintaining growth investments • Valuation Metrics: Trading at attractive valuation multiples with P/E ratio of 11.6x, EV/EBITDA of 4.7x, and price-to-book ratio of 2.4x, suggesting reasonable valuation relative to earnings and assets • Operational Efficiency: Maintaining low reinvestment rates (below 55% of cash flow) while achieving production growth, indicating efficient capital deployment • Commodity Exposure: Unhedged position creates vulnerability to commodity price downturns, though strong balance sheet provides cushion during adverse market conditions • Asset Quality: High-quality, low-decline assets with substantial drilling inventory providing long-term production visibility
Recent development
Over the past several years, Magnolia has executed a focused strategy centered on operational excellence and capital discipline while strategically expanding its Giddings Field development. The company has successfully transformed from a dual-asset operator to one primarily focused on the higher-return Giddings area, which now represents approximately 77% of total production. Operational improvements have been a key focus, with the company achieving significant cost reductions including a 20% decrease in well costs and 10-11% reduction in field-level operating expenses. These improvements have been driven by advanced drilling techniques, digital field management systems, and optimized completion designs that have resulted in better well performance and shallower decline profiles. Strategic acquisitions have played an important role in expanding Magnolia's development opportunities. The company completed a $125 million bolt-on acquisition in the Giddings area, adding 27,000 net acres and expanding the total development area to over 200,000 net acres. These acquisitions have been focused on adding high-quality, undeveloped acreage that fits within the company's core operational expertise. Capital allocation discipline has remained a cornerstone of the company's strategy, with management maintaining reinvestment rates below 55% of cash flow while consistently returning substantial cash to shareholders. The company has increased its quarterly dividend by 15% to $0.15 per share and maintained an active share repurchase program, returning 70-88% of free cash flow to shareholders. Production optimization efforts have focused on balancing oil and gas development based on economic returns rather than commodity preferences. The company has successfully grown oil production while maintaining overall production growth, with recent quarters showing 17-24% year-over-year oil production growth in the Giddings area.
MGY company profile · for informational purposes only — not investment advice.
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