Magnolia Oil & Gas ( (MGY) ) has shared an update.
Magnolia Oil & Gas Corporation reported a strong third quarter in 2024 with a net income of $105.9 million and adjusted EBITDAX of $243.6 million, highlighting their focus on cost efficiency and production growth. Despite some unplanned midstream outages, their production grew by 10% year-over-year to 90.7 thousand barrels of oil equivalent per day. The company also returned $87.8 million to shareholders through repurchases and dividends, showcasing their commitment to shareholder value.
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