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

    $26.80
  • Market Cap

    $5.12 Billion
  • Total Outstanding Shares

    191.04 Million Shares
  • Total Employees

    247
  • Dividend

    $0.13 Per Share Quarterly
  • IPO Date

    June 26, 2017
  • SIC Description

    Crude Petroleum & Natural Gas
  • Homepage

    https://www.magnoliaoilgas.com

Historical Stock Splits

Execution DateSplit Amount
No Historical Stock Splits

Cash Flow Statement

October 1, 2023 to September 30, 2024
MetricValue
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
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

Income Statement

October 1, 2023 to September 30, 2024
MetricValue
Net Income/Loss Attributable To Noncontrolling Interest$43.60 Million
Preferred Stock Dividends And Other Adjustments$4.67 Million
Basic Average Shares$370.28 Million
Income/Loss From Continuing Operations After Tax$422.48 Million
Net Income/Loss$422.48 Million
Income/Loss From Continuing Operations Before Tax$527.66 Million
Operating Income/Loss$526.01 Million
Operating Expenses$785.90 Million
Costs And Expenses$784.25 Million
Undistributed Earnings/Loss Allocated To Participating Securities, Basic$4.67 Million
Income Tax Expense/Benefit, Current$26.08 Million
Diluted Average Shares$370.31 Million
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic$9.34 Million
Net Income/Loss Attributable To Parent$378.87 Million
Income Tax Expense/Benefit$105.18 Million
Nonoperating Income/Loss$1.65 Million
Income Tax Expense/Benefit, Deferred$79.10 Million
Revenues$1.31 Billion
Net Income/Loss Available To Common Stockholders, Basic$374.20 Million
Benefits Costs and Expenses$784.25 Million

Balance Sheet

October 1, 2023 to September 30, 2024
MetricValue
Other Non-current Liabilities$174.07 Million
Equity Attributable To Parent$1.91 Billion
Current Assets$415.20 Million
Assets$2.81 Billion
Other Current Liabilities$117.23 Million
Long-term Debt$394.79 Million
Liabilities And Equity$2.81 Billion
Liabilities$850.38 Million
Noncurrent Liabilities$568.86 Million
Equity Attributable To Noncontrolling Interest$52.48 Million
Noncurrent Assets$2.40 Billion
Equity$1.96 Billion
Current Liabilities$281.52 Million
Accounts Payable$164.29 Million

Historical Dividends

Current dividend: $0.13 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Oct 28, 2024Dec 2, 2024Nov 8, 2024$0.13Quarterly
Jul 29, 2024Sep 3, 2024Aug 9, 2024$0.13Quarterly
May 2, 2024Jun 3, 2024May 13, 2024$0.13Quarterly
Feb 5, 2024Mar 1, 2024Feb 16, 2024$0.13Quarterly
Oct 30, 2023Dec 1, 2023Nov 9, 2023$0.115Quarterly
Jul 31, 2023Sep 1, 2023Aug 10, 2023$0.115Quarterly
May 1, 2023Jun 1, 2023May 11, 2023$0.115Quarterly
Jan 31, 2023Mar 1, 2023Feb 10, 2023$0.115Quarterly
Oct 27, 2022Dec 1, 2022Nov 7, 2022$0.1Quarterly
Aug 2, 2022Sep 1, 2022Aug 12, 2022$0.1Biannually
Feb 3, 2022Mar 1, 2022Feb 14, 2022$0.2Biannually
Aug 2, 2021Sep 1, 2021Aug 12, 2021$0.08Biannually

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