Record Quarterly Production
Magnolia achieved a record quarterly production rate with total volumes of 98,200 Barrels of oil equivalent per day, representing a year-over-year production growth of 9%. Total oil production set a new company record at 40,000 barrels per day, showing 5% year-over-year growth.
Increased Production Guidance
Due to strong well performance, Magnolia raised its full-year 2025 production growth guidance to approximately 10%, up from the prior range of 7% to 9% growth.
Strong Financial Metrics
The company reported total adjusted net income of $81 million and adjusted EBITDAX of $223 million. Magnolia generated free cash flow of $107 million and returned 72% of that to shareholders.
Successful Bolt-On Acquisitions
Magnolia closed multiple oil and gas property acquisitions totaling about $40 million, adding approximately 18,000 net acres in Giddings and increasing development acreage by 20%.
Efficient Capital Program
D&C capital was only $95 million during the second quarter, providing a reinvestment rate of just 43%. The company maintained its 2025 capital spending estimate, despite increased production guidance.
Share Repurchase Program
Since 2019, Magnolia has repurchased 77.2 million shares, reducing its weighted average diluted shares outstanding by 25%. The company continues to return significant cash to shareholders.