Magnolia Oil & Gas Corporation Class A Common Stock (MGY)
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About
Business overview of Magnolia Oil & Gas Corporation Class A Common Stock (MGY)
Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.
Key Insights
Critical company metrics and information
Share Price
$26.54Market Cap
$5.07 BillionTotal Outstanding Shares
191.04 Million SharesTotal Employees
247Dividend
$0.13 Per Share QuarterlyIPO Date
June 26, 2017SIC Description
Crude Petroleum & Natural GasHomepage
https://www.magnoliaoilgas.com
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow, Continuing | $-342.33 Million |
| Net Cash Flow From Operating Activities | $945.11 Million |
| Net Cash Flow From Financing Activities, Continuing | $-386.17 Million |
| Net Cash Flow From Investing Activities | $-901.27 Million |
| Net Cash Flow | $-342.33 Million |
| Net Cash Flow From Financing Activities | $-386.17 Million |
| Net Cash Flow From Operating Activities, Continuing | $945.11 Million |
| Net Cash Flow From Investing Activities, Continuing | $-901.27 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Income/Loss | $422.48 Million |
| Operating Expenses | $785.90 Million |
| Income Tax Expense/Benefit | $105.18 Million |
| Costs And Expenses | $784.25 Million |
| Diluted Average Shares | $370.31 Million |
| Net Income/Loss Available To Common Stockholders, Basic | $374.20 Million |
| Benefits Costs and Expenses | $784.25 Million |
| Income/Loss From Continuing Operations Before Tax | $527.66 Million |
| Nonoperating Income/Loss | $1.65 Million |
| Income Tax Expense/Benefit, Deferred | $79.10 Million |
| Revenues | $1.31 Billion |
| Net Income/Loss Attributable To Parent | $378.87 Million |
| Operating Income/Loss | $526.01 Million |
| Undistributed Earnings/Loss Allocated To Participating Securities, Basic | $4.67 Million |
| Income Tax Expense/Benefit, Current | $26.08 Million |
| Preferred Stock Dividends And Other Adjustments | $4.67 Million |
| Income/Loss From Continuing Operations After Tax | $422.48 Million |
| Net Income/Loss Attributable To Noncontrolling Interest | $43.60 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $9.34 Million |
| Basic Average Shares | $370.28 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Other Non-current Liabilities | $174.07 Million |
| Other Current Liabilities | $117.23 Million |
| Assets | $2.81 Billion |
| Equity Attributable To Noncontrolling Interest | $52.48 Million |
| Liabilities And Equity | $2.81 Billion |
| Liabilities | $850.38 Million |
| Current Liabilities | $281.52 Million |
| Accounts Payable | $164.29 Million |
| Equity | $1.96 Billion |
| Current Assets | $415.20 Million |
| Noncurrent Liabilities | $568.86 Million |
| Long-term Debt | $394.79 Million |
| Noncurrent Assets | $2.40 Billion |
| Equity Attributable To Parent | $1.91 Billion |
Historical Dividends
Current dividend: $0.13 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Oct 28, 2024 | Dec 2, 2024 | Nov 8, 2024 | $0.13 | Quarterly |
| Jul 29, 2024 | Sep 3, 2024 | Aug 9, 2024 | $0.13 | Quarterly |
| May 2, 2024 | Jun 3, 2024 | May 13, 2024 | $0.13 | Quarterly |
| Feb 5, 2024 | Mar 1, 2024 | Feb 16, 2024 | $0.13 | Quarterly |
| Oct 30, 2023 | Dec 1, 2023 | Nov 9, 2023 | $0.115 | Quarterly |
| Jul 31, 2023 | Sep 1, 2023 | Aug 10, 2023 | $0.115 | Quarterly |
| May 1, 2023 | Jun 1, 2023 | May 11, 2023 | $0.115 | Quarterly |
| Jan 31, 2023 | Mar 1, 2023 | Feb 10, 2023 | $0.115 | Quarterly |
| Oct 27, 2022 | Dec 1, 2022 | Nov 7, 2022 | $0.1 | Quarterly |
| Aug 2, 2022 | Sep 1, 2022 | Aug 12, 2022 | $0.1 | Biannually |
| Feb 3, 2022 | Mar 1, 2022 | Feb 14, 2022 | $0.2 | Biannually |
| Aug 2, 2021 | Sep 1, 2021 | Aug 12, 2021 | $0.08 | Biannually |
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