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Magnolia Oil & Gas (MGY)
NYSE:MGY
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.51Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: 3.02%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Magnolia's strong operational and financial performance in 2024, with record production, effective cost reduction initiatives, and significant shareholder returns. However, the decline in revenue due to lower oil prices and limited exploration work were noted as concerns. Overall, the company's strong balance sheet and strategic focus on shareholder value contributed to a positive outlook.Company Guidance
In the fourth quarter of 2024, Magnolia Oil & Gas Corporation concluded the year with strong operational and financial performance, achieving record quarterly production of 93.1 thousand barrels of oil equivalent per day (BOE/d), leading to a total annual production growth of 9%. The company reported an adjusted net income of approximately $401 million for the year, with an adjusted EBITDA of $953 million. Their disciplined capital spending resulted in a reinvestment rate of 50%, allowing them to generate $430 million in free cash flow, returning 88% of it to shareholders through dividends and share repurchases. Magnolia successfully reduced lease operating costs by 10% per BOE and achieved a return on capital employed of 22%. Looking ahead to 2025, Magnolia plans to maintain capital spending between $460 million to $490 million, aiming for a 5% to 7% production growth, and has increased its quarterly dividend by 15% to 15 cents per share, alongside authorizing the repurchase of an additional 10 million shares.Record Quarterly Production Volume
Magnolia ended 2024 with a record quarterly production volume of 93.1 thousand barrels of oil equivalent per day, leading to a full-year production growth of 9% and oil production growth of 11%.
Strong Financial Performance
Total adjusted net income for the year was approximately $401 million, and adjusted EBITDA was $953 million. Magnolia's return on capital employed was 22%, indicating strong financial health.
Significant Shareholder Returns
Magnolia returned 88% of its free cash flow, or $378 million, to shareholders through dividends and share repurchases. The board also approved a 15% increase in the quarterly dividend.
Cost Reduction Initiatives
Magnolia successfully lowered lease operating costs by 10% per BOE, contributing to a strong cost structure and high operating margins.
Strong Balance Sheet
Magnolia ended the year with $260 million in cash and a total liquidity of $710 million, maintaining a low leverage and high financial flexibility.
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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
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MGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $23.88 | $24.24 | +1.51% |
| Oct 30, 2024 | $25.27 | $25.00 | -1.07% |
| Jul 31, 2024 | $26.79 | $25.12 | -6.23% |
| May 07, 2024 | $25.25 | $25.33 | +0.32% |
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.
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FAQ
When does Magnolia Oil & Gas (MGY) report earnings?
Magnolia Oil & Gas (MGY) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Magnolia Oil & Gas (MGY) earnings time?
Magnolia Oil & Gas (MGY) earnings time is at May 13, 2025, TBA Not 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 2025 (Q1) is 0.51.
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