Magnolia Oil & Gas (MGY)
NYSE:MGY
Want to see MGY full AI Analyst Report?
Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.85Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong execution on core operating metrics: production growth (6% YoY), record performance in Giddings, solid profitability (net income ≈$101M), robust adjusted EBITDAX ($253M) and free cash flow (~$146M), and targeted bolt-on acquisitions that expand high-return inventory. Management reiterated 2026 guidance and emphasized disciplined capital allocation (reinvestment rate ~51%), steady shareholder returns (dividends and buybacks), and improved realized oil pricing. Key challenges discussed include a ~4% YoY decline in revenue per BOE driven by weaker NGL and natural gas prices, concentrated exposure to the Giddings area (~82% of volumes), and full unhedged commodity exposure which raises downside risk if prices weaken. On balance the positives—profitable cash generation, accretive acquisitions, strong margins, and maintained guidance—outweigh the risks described.Company Guidance
Production Growth and Record Giddings Output
Total company production rose 6% year-over-year to 102,600 BOE/d in Q1 2026; oil production increased 4% to 40,700 bbl/d. Giddings was the primary growth driver with total Giddings production up 9% YoY and oil production up 8% YoY; Giddings volumes were a company record and represent ~82% of total company volumes.
Strong GAAP and Adjusted Financial Results
Reported net income of approximately $101 million (≈$0.54 per diluted share) and adjusted EBITDAX of $253 million for the quarter, demonstrating profitable operations and strong cash generation.
Material Free Cash Flow and Shareholder Returns
Generated approximately $146 million of free cash flow in Q1 and returned ~$83 million to shareholders via the base dividend and share repurchases (repurchased just over 1% of outstanding shares during the period).
Capital Efficiency and High Operating Margins
Drilling & completion capital was ~$129 million in Q1, representing a reinvestment rate of 51% of adjusted EBITDAX. Pretax operating margins averaged 36% for the quarter; total adjusted cash operating costs were $11.57/BOE and operating income margin was $13.84/BOE (36% of total revenue).
Targeted Bolt-On Acquisitions Expanding Inventory
Completed several bolt-on acquisitions totaling $155 million in Q1 adding roughly 6,200 net acres and ~500 BOE/d of low-decline PDP (~45% oil). Karnes transactions created a largely undeveloped, contiguous 10,000 gross-acre block, increased working interest in Karnes to ~93% with average NRI ~80%, and Giddings transactions increased interest across ~45,000 gross acres—expanding high-return drilling inventory and duration of the asset base.
Maintained 2026 Activity Plan and Guidance
Management is maintaining the two-rig/one-completion-crew plan, reiterating full-year 2026 D&C capital guidance of $440–$480 million and full-year production growth guidance of ~5%. Q2 D&C capital expected $120–$125 million and Q2 production estimated at ~105,000 BOE/d. Management also noted narrowing oil differentials and expects improved realizations.
Improved Capital Structure and Liquidity
EnerVest sold its remaining position simplifying capital structure (elimination of remaining Class B shares). Company ended Q1 with $124 million cash and undrawn $450 million revolver, totaling approximately $574 million of liquidity; $400 million senior notes mature in 2032, providing manageable near-term debt profile.
MGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $28.48 | $27.98 | -1.74% |
Feb 05, 2026 | $25.90 | $26.67 | +2.97% |
Oct 29, 2025 | $22.57 | $21.99 | -2.57% |
Jul 30, 2025 | $23.77 | $23.23 | -2.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Magnolia Oil & Gas (MGY) report earnings?
Magnolia Oil & Gas (MGY) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Magnolia Oil & Gas (MGY) earnings time?
Magnolia Oil & Gas (MGY) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGY EPS forecast?
MGY EPS forecast for the fiscal quarter 2026 (Q2) is 0.85.