Capital ReturnsMGY consistently executes on the capital returns front with $81.2 million returned to shareholders during 1Q25, aligning with estimates.
Dividend GrowthThe company announced a 15% increase to its quarterly base dividend, exceeding expectations and its long-term target for annual dividend growth.
Financial PerformanceMGY reported higher total production and lower capex in 1Q25, leading to an improved 2025 outlook with a 5.3% reduction to total capex and 1.9% boost to total production guidance.