Reports Q1 revenue $350.3M, consensus $342.46M. Total company production volumes in the first quarter of 2025 grew by 14% on a year-over-year basis to 96.5 thousand barrels of oil equivalent per day including 39.1 thousand barrels of oil per day. The better-than-expected production levels were the result of stronger than anticipated well productivity and shallower than expected well declines in Giddings. Production from Giddings was 76.7 Mboe/d, providing overall growth of 25% compared to last year’s first quarter, including oil production growth of 17%.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGY:
- Magnolia Oil & Gas price target lowered to $23 from $28 at BofA
- Magnolia Oil & Gas initiated with a Buy at Clear Street
- Magnolia Oil & Gas price target lowered to $30 from $31 at Susquehanna
- Magnolia Oil & Gas price target lowered to $25 from $26 at Piper Sandler
- Magnolia Oil & Gas initiated with a Buy at UBS