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Dec 31, 2024
Magnolia Q4 2024 Earnings Report
Magnolia reported a decline in net income and EPS for Q4 2024, despite revenue growth in key production segments.
Key Takeaways
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.
Net income decreased by 22% to $88.7 million.
Revenue increased slightly to $326.61 million.
Adjusted EPS declined to $0.49 from $0.53 in Q4 2023.
Total production grew 9% to 93.1 Mboe/d.
Magnolia
Magnolia
Magnolia Revenue by Segment
Revenue by Segment
Oil Revenues Revenue
CapyFin.comNatural Gas Revenues Revenue
CapyFin.comNatural Gas Liquids Revenues Revenue
CapyFin.com Forward Guidance
Magnolia expects moderate production growth in 2025 with a continued focus on operational efficiencies and shareholder returns.
Positive Outlook
- Expected total production growth of 5-7% in 2025.
- Continued strong well performance and lower drilling costs.
- Increase in share repurchase authorization by 10 million shares.
- Cash dividend increase by 15% to $0.60 per share annually.
- Strong balance sheet with $260 million in cash.
Challenges Ahead
- Potential impact of oil price fluctuations on revenue.
- Higher capital expenditures projected for Q1 2025.
- Increased costs associated with exploration activities.
- Market uncertainties could affect production plans.
- No hedging strategy, exposing the company to price volatility.
Revenue & Expenses
Visualization of income flow from segment revenue to net income