
MGY beats Q2 estimates as higher oil and NGL prices and rising production lift profit and revenues, while 2026 output guidance increases.
Magnolia Oil & Gas Corporation is engaged in the acquisition, development, exploration and production of oil, natural gas and natural gas liquid reserves in the United States. The company is headquartered in Houston, Texas.
| Revenue (TTM) | $1.48B |
| Gross Profit (TTM) | $1.22B |
| EBITDA | $1.03B |
| Operating Margin | 50.70% |
| Return on Equity | 20.80% |
| Return on Assets | 11.80% |
| Revenue/Share (TTM) | $8.05 |
| Book Value | $11.81 |
| Price-to-Book | 2.90 |
| Price-to-Sales (TTM) | 4.39 |
| EV/Revenue | 4.281 |
| EV/EBITDA | 6.24 |
| Quarterly Earnings Growth (YoY) | 136.60% |
| Quarterly Revenue Growth (YoY) | 50.10% |
| Shares Outstanding | $236.97M |
| Float | $235.19M |
| % Insiders | 0.74% |
| % Institutions | 89.48% |
Volatility is currently contracting

MGY beats Q2 estimates as higher oil and NGL prices and rising production lift profit and revenues, while 2026 output guidance increases.

Magnolia Oil & Gas Corporation (MGY) Q2 2026 Earnings Call Transcript

Magnolia Oil & Gas Corp (MGY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Magnolia Oil & Gas Corp (MGY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

MGY's $4.06 billion WildFire deal expands its Giddings footprint, boosts free cash flow potential and supports higher dividends with major synergy opportunities.

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Operating LLC Announces Proposed Offering of $500 Million Senior Notes.

Magnolia Oil & Gas Corporation (NYSE: MGY) shares fell about 3% on Tuesday after the company announced a definitive agreement to acquire private equity-backed WildFire Energy for approximately $4 billion. The transaction, which has been unanimously approved by Magnolia's board of directors, is expected to expand the company's position in South Texas and more than double its footprint in the Giddings field.

Founded in partnership with Kayne Anderson and Warburg Pincus in 2019, WildFire Energy has become a leading private, large-scale oil-weighted platform NEW YORK and HOUSTON, July 21, 2026 /PRNewswire/ -- Kayne Anderson and Warburg Pincus announced an agreement to sell WildFire Energy ("WildFire" or the "Company") to Magnolia Oil & Gas Corporation ("Magnolia") (NYSE: MGY) for approximately $4.06 billion. The acquisition has been unanimously approved by Magnolia's board of directors.

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces Pricing of Offering of Public Offering of Class A Common Stock.

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces Proposed Public Offering of Class A Common Stock.
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