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Magnolia Oil & Gas (MGY)
NYSE:MGY
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.41Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized consistently strong operational execution, significant free cash flow generation, disciplined capital allocation, cost reductions, reserve adds at low F&D costs, and robust shareholder returns (dividend increase and buybacks). Headwinds include lower commodity realizations (oil down >15% y/y), short-term weather impacts, continued commodity price volatility due to an unhedged position, and a competitive M&A market for large PDP-heavy assets. Management reiterated a conservative, capital-efficient plan for 2026 with moderate (~5%) production growth, flat-to-similar capex, and emphasis on returning excess cash to shareholders.Company Guidance
Strong Production Growth and Q4 Record
Full-year 2025 production grew 11% to ~99,800 BOE/day; oil production grew 4% and averaged nearly 40,000 Bbl/day. Fourth quarter 2025 set a company record at ~103,800 BOE/day (reported as nearly 104,000 BOE/day) and 40,700 Bbl/day, a sequential increase of ~3%.
Robust Free Cash Flow and Capital Returns
Generated more than $425 million of free cash flow in 2025 and returned ~75% of that free cash flow to shareholders via dividends and share repurchases. Repurchased ~8.9 million shares during 2025, reducing diluted shares roughly 4–4.5%.
Solid Earnings and Cash Flow Metrics
Fourth quarter adjusted net income of ~$71 million ($0.38/diluted share) and adjusted EBITDAX of $216 million. Full-year adjusted EBITDAX was $906 million.
High Operating Margins Despite Lower Prices
Pretax operating margins averaged ~33% for 2025 even though oil price realizations declined by more than 15% year-over-year. Q4 operating income margin was $9.85/BOE, ~30% of total revenue.
Lower Unit Costs and Improved Field Efficiency
Field-level cash operating expenses declined 7% to $5.12/BOE in 2025. Total adjusted cash operating costs including G&A were $10.64/BOE in Q4. Average drilled feet per day increased ~8% and completed feet per day improved ~6% year-over-year.
Low-Cost Reserve Additions
Year-end proved developed reserves were 167 million BOE. Excluding acquisitions and price-related revisions, the company added ~50 million BOE of proved developed reserves in 2025 with organic proved developed F&D cost of $9.25/BOE (3-year average $9.85/BOE).
Strong Returns on Capital and Balance Sheet Strength
2025 ROCE of 18% (5-year average ROCE ~34%, >3x WACC). Ended 2025 with $267 million of cash and undrawn $450 million revolver for total liquidity of ~ $717 million; $400 million senior notes mature in 2032.
Disciplined Capital Plan and 2026 Guidance
2026 D&C and facility capital guidance of $440–480 million (midpoint similar to 2025) with expected full-year production growth of ~5%. Q1 2026 D&C capex expected ~ $125 million (the highest quarterly rate) and Q1 production guidance ~102,000 BOE/day (includes ~1,500 BOE/day weather impact).
Shareholder Returns — Dividend and Buyback Program
Board approved 10% dividend increase to $0.165 per quarter ($0.66 annualized) — the fifth consecutive annual increase — and expanded buyback authorization by 10 million shares (12.9 million shares remaining under current authorization).
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 |
|---|---|---|---|
Feb 05, 2026 | $26.05 | $26.83 | +2.97% |
Oct 29, 2025 | $22.70 | $22.12 | -2.56% |
Jul 30, 2025 | $23.91 | $23.36 | -2.30% |
Apr 30, 2025 | $20.00 | $20.55 | +2.73% |
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 May 12, 2026, Before Open (Confirmed).
What is Magnolia Oil & Gas (MGY) earnings time?
Magnolia Oil & Gas (MGY) earnings time is at May 12, 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 (Q1) is 0.41.