Magnolia Earnings Reports

Magnolia Oil & Gas Corporation reported Q4 2024 net income of $88.7 million, down 22% year-over-year. Revenue increased slightly to $326.61 million, with growth in oil and natural gas liquids revenue. Adjusted EPS was $0.49, reflecting a decrease from the prior year. Production volume increased by 9%, with strong performance in Giddings.

Magnolia Oil & Gas Corporation reported a net income of $105.9 million and adjusted net income of $100.3 million for Q3 2024. The company's total production volumes grew by 10% year-over-year to 90.7 Mboe/d, with oil production at 38.9 Mbbls/d. Magnolia generated free cash flow of $126.1 million, returning approximately 70% to shareholders through share repurchases and dividends.

Magnolia Oil & Gas Corporation announced strong second quarter 2024 results, with total production reaching a new quarterly record of 90.2 Mboe/d, driven by a 21% increase in Giddings production. The company returned approximately $130 million to shareholders through share repurchases and dividends and closed the quarter with $275.7 million in cash.

Magnolia Oil & Gas Corporation announced its financial and operational results for the first quarter of 2024, reporting a net income of $97.6 million and adjusted EBITDAX of $227.8 million. The company's total production grew by 7% year-over-year to 84.8 Mboe/d, including 37.5 thousand barrels per day of oil. Magnolia generated free cash flow of $117.1 million and returned 68% of it to shareholders through share repurchases and dividends.

Magnolia Oil & Gas Corporation reported a decrease in net income for Q4 2023 compared to the previous year, but experienced a 16% increase in total production. The company focused on disciplined capital spending and returning cash to shareholders through share repurchases and dividends.