MGY Stock - Magnolia Oil & Gas Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.32B | $1.23B | $1.69B | $1.08B | $541.30M |
| Gross Profit | $680.69M | $702.37M | $1.26B | $742.76M | $128.81M |
| Gross Margin | 51.7% | 57.2% | 74.1% | 68.9% | 23.8% |
| Operating Income | $511.99M | $534.49M | $1.07B | $602.59M | $-1,925,666,000 |
| Net Income | $366.03M | $388.30M | $893.84M | $417.28M | $-1,208,390,000 |
| Net Margin | 27.8% | 31.6% | 52.7% | 38.7% | -223.2% |
| EPS | $1.94 | $2.04 | $4.73 | $2.38 | $-7.27 |
Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2021, the company's assets consisted of a total leasehold position of 4,71,263 net acres, including 23,785 net acres in Karnes and 4,47,478 net acres in the Giddings area, as well as holds 1,292 net wells with a total production capacity of 66.0 thousand barrels of oil equivalent per day. The company was incorporated in 2017 and is headquartered in Houston, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 12th 2025 | Mizuho | Upgrade | Outperform | - |
| October 15th 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $29 |
| August 25th 2025 | William Blair | Initiation | Outperform | - |
| April 22nd 2025 | UBS | Initiation | Buy | $26 |
| January 31st 2025 | Goldman | Downgrade | Neutral | $26← $27 |
| January 13th 2025 | BofA Securities | Downgrade | Neutral | $28← $29 |
| October 15th 2024 | Siebert Williams Shank | Downgrade | Hold | $30 |
| October 1st 2024 | Wells Fargo | Downgrade | Underweight | $22← $26 |
| July 18th 2024 | Wolfe Research | Initiation | Outperform | $32 |
| April 19th 2024 | Piper Sandler | Downgrade | Neutral | $29 |
| February 27th 2024 | BofA Securities | Initiation | Buy | $25 |
| December 11th 2023 | Citigroup | Downgrade | Sell | $18← $24 |
| November 15th 2023 | Wells Fargo | Initiation | Equal Weight | $23 |
| August 16th 2023 | Mizuho | Downgrade | Neutral | $25← $28 |
| August 10th 2023 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
Earnings History & Surprises
MGYEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 17, 2026 | $0.38 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.41 | $0.41 | 0.0% | = MET |
Q3 2025 | Jul 30, 2025 | $0.40 | $0.43 | +7.5% | ✓ BEAT |
Q2 2025 | Apr 30, 2025 | $0.53 | $0.55 | +3.8% | ✓ BEAT |
Q1 2025 | Feb 18, 2025 | $0.46 | $0.49 | +6.5% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.48 | $0.53 | +10.4% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $0.53 | $0.56 | +5.7% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $0.46 | $0.49 | +6.5% | ✓ BEAT |
Q1 2024 | Feb 14, 2024 | $0.53 | $0.52 | -1.9% | ✗ MISS |
Q4 2023 | Nov 1, 2023 | $0.53 | $0.54 | +1.9% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $0.42 | $0.51 | +21.4% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $0.54 | $0.50 | -7.4% | ✗ MISS |
Q1 2023 | Feb 14, 2023 | $0.76 | $0.86 | +13.2% | ✓ BEAT |
Q4 2022 | Nov 1, 2022 | $1.13 | $1.29 | +14.2% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $1.18 | $1.32 | +11.9% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $0.88 | $0.90 | +2.3% | ✓ BEAT |
Q1 2022 | Feb 16, 2022 | $0.80 | $0.82 | +2.5% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $0.61 | $0.67 | +9.8% | ✓ BEAT |
Q3 2021 | Aug 2, 2021 | $0.41 | $0.56 | +36.6% | ✓ BEAT |
Latest News
Piper Sandler Maintains Neutral on Magnolia Oil & Gas, Lowers Price Target to $23
➖ NeutralMizuho Maintains Neutral on Magnolia Oil & Gas, Raises Price Target to $26
➖ NeutralMagnolia Oil & Gas Q3 Adj. EPS $0.41, Inline, Sales $324.935M Beat $320.697M Estimate
📈 PositiveKeybanc Upgrades Magnolia Oil & Gas to Overweight, Announces $29 Price Target
📈 PositiveMizuho Maintains Neutral on Magnolia Oil & Gas, Lowers Price Target to $25
➖ NeutralWilliam Blair Initiates Coverage On Magnolia Oil & Gas with Outperform Rating
📈 PositiveFrequently Asked Questions about MGY
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