Pricing Log in Create free account
Friday 6 November 2026 Export MGY’s income statement to Excel — free account

Magnolia Oil & Gas Corp

MGY Energy Oil & Gas E&P

Magnolia Oil & Gas Corp’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, roughly unchanged from fiscal 2024.

Revenue
+58.2%
EPS
+136.6%
Free cash flow
+176.0%
Total debt
+393.0%

Quarter to September 2026, against a year earlier

23.59 0.22 +0.94%
Market cap
$6.3B
P/E
10.3×
Fwd P/E
9.4×
Dividend yield
2.80%
F-score
6/9
Altman Z
4.18
Beneish M
−3.45
Dividend safety
74/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2025

  • Oil revenues
  • Natural gas liquids revenues
  • Natural gas revenues

Every year since 2017 →

Insider Decisions last twelve months

Bought, $m 0.33
Sold, $m 9.89
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — 1 — 2 — — —
Sell — — — 6 — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 6,300.00
Revenue ttm 1,668.84
Net income ttm 434.46
Free cash flow ttm 1,159.02
Net debt Q 1,920.31
Valuation
P/E 10.35
Forward P/E 9.40
Price / sales 3.26
Forward P/S Powerpack
Price / FCF 8.01
Price / book 1.28
Financial health
Current ratio Q 0.51 (below 1: weak)
Debt / equity Q 0.46 (at or below 0.5: strong)
Interest coverage Q 18.10
Growth
Revenue growth Q +58.15% (above 0%: growing)
Operating income growth Q +52.37% (above 0%: growing)
EPS, this year +67.87% (at or above 15%: strong)
EPS, next year A +4.76%
Revenue, next year A +56.57% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +21.38% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.4×, against a ten-year median of 3.1×; over the ten years it ranged from 0.8× in 2018 to 4.8× in 2026.
P/E against its own 10 years 32.68%
10-year low 10-year high
P/S against its own 10 years 59.12%
10-year low 10-year high
P/B against its own 10 years 24.03%
10-year low 10-year high
EV/Sales against its own 10 years 97.05%
10-year low 10-year high
EV/FCF against its own 10 years 75.25%
10-year low 10-year high

Dividends raised every year since 2021

Yield
2.80%
Annual rate
0.66
Payout ratio
29.0%
Growth, 2021–26
+53.9%/yr
  1. 0.08 ’21
  2. 0.40 ’22 +400
  3. 0.46 ’23 +15
  4. 0.52 ’24 +13
  5. 0.60 ’25 +15
  6. 0.69 ’26 +15
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 401 260 267 17
Receivables 190 148 175 —
Inventory — — — —
Other 0 3 1 —
591 411 442 381
2023 2024 2025 Q'26
Payables 193 181 178 336
ST’ Debt — — — —
Other 122 109 110 239
315 290 288 746

Compound Annual Growth %

10y 5y 3y
Sales — 19.37% (8.18%)
Cash Flow — 23.16% (12.17%)
Earnings — 0.00% (28.39%)
Book Value — 18.95% 4.73%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.51 Actual 0.71

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.36 0.37 Beat by 0.01
Q1 FY26 0.51 0.54 Beat by 0.03
Q2 FY26 0.90 0.99 Beat by 0.09
Q3 FY26 0.51 0.71 Beat by 0.20
Q4 FY26 0.76 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.54 0.97 — — —
’25 0.54 0.41 0.40 0.37 1.73
’24 0.46 0.51 0.52 0.44 1.94
’23 0.50 0.48 0.54 0.53 2.04
’22 0.90 1.32 1.29 1.20 4.71
’21 0.37 0.48 0.67 0.82 2.36
’20 (7.34) (0.11) 0.05 0.16 (7.27)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 359 479 514 — —
’25 350 319 325 318 1,312
’24 319 337 333 327 1,316
’23 308 280 316 323 1,227
’22 378 485 483 349 1,694
’21 209 252 285 332 1,078
’20 181 83 121 156 541
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 198 384 369 — —
’25 224 199 247 208 879
’24 211 269 218 223 921
’23 220 202 187 247 856
’22 239 379 411 268 1,297
’21 118 188 222 261 788
’20 135 31 65 79 310
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 97 257 369 — —
’25 103 92 134 71 399
’24 97 147 103 85 432
’23 66 91 76 164 397
’22 169 267 283 150 870
’21 76 147 154 188 566
’20 41 (29) 43 33 88
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −11.3% a year for ten years.

Implied
−11.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 111 403 882 942 541 1,078 1,694 1,227 1,316 1,312 1,669 +31.6% 2,054 2,767 2,821 +29.1%
Gross margin, % 95.06 95.97 96.90 95.65 93.45 95.78 96.18 96.39 96.97 94.89 0.00 (0.2) pt
EBT 22 182 314 100 (1,948) 569 1,057 550 493 417 547 +38.6%
EBT margin, % 19.96 45.04 35.61 10.59 (359.93) 52.73 62.37 44.81 37.48 31.82 32.75 +11.9 pt
Net income 21 179 301 85 (1,869) 560 1,050 443 397 337 434 +35.8%
Per share, $
Per share, $ Revenue 0.00 4.98 5.71 5.82 3.26 6.18 9.04 6.52 7.06 7.07 7.24 n/m
Earnings — — — 0.29 (7.27) 2.38 4.73 2.04 1.94 1.73 2.28 +34.7%
Cash flow 0.00 3.18 3.82 4.00 1.87 4.52 6.92 4.55 4.94 4.73 5.03 n/m
Capex 0.00 (3.05) (2.19) (2.69) (1.34) (1.28) (2.28) (2.44) (2.62) (2.59) 0.00 n/m
Free cash flow 0.00 0.12 1.63 1.31 0.53 3.24 4.64 2.11 2.32 2.15 5.03 n/m
Book value 0.00 19.73 17.52 16.85 5.05 5.99 9.28 10.00 10.55 10.77 18.44 n/m
Shares, m — 81 155 162 166 174 187 188 186 186 196 +10.9%
Valuation, ×
Valuation, × P/E 4.43 4.43 18.09 41.93 0.00 7.96 4.70 10.48 12.11 12.73 10.35 11.7
P/S 0.00 0.00 1.96 2.16 2.17 3.05 2.45 3.30 3.31 3.10 3.26 2.2
P/B 0.00 0.32 0.64 0.75 1.40 3.15 2.39 2.15 2.22 2.03 1.28 1.5
EV/Sales 0.00 0.00 2.25 2.38 2.54 3.07 2.29 3.29 3.41 3.19 4.41 2.2
EV/FCF 0.00 2.00 7.90 10.55 15.61 5.85 4.45 10.16 10.40 10.50 10.83 7.7
Cash, $m
Cash, $m Operating cash flow 30 257 590 648 310 788 1,297 856 921 879 1,159 +45.3%
Capex (26) (247) (339) (435) (222) (223) (427) (459) (489) (480) (480) +38.3%
Free cash flow 4 10 251 213 88 566 870 397 432 399 1,159 +64.6%
Balance, $m
Balance, $m Working capital — 33 95 118 153 299 510 276 121 154 (365) +21.2%
Net debt — — 253 207 199 21 (285) (8) 132 126 1,920 (9.4%)
Shareholders’ equity — 1,598 2,708 2,729 839 1,045 1,740 1,883 1,967 1,999 4,253 +2.8%
Returns, %
Returns, % ROA 2.54 21.18 10.06 1.37 (49.12) 25.90 41.01 14.57 13.13 11.36 8.37 +8.8 pt
ROIC 0.00 7.43 7.43 2.71 (115.95) 35.32 46.12 17.82 15.24 12.91 6.24 +12.9 pt
ROE 0.00 10.92 11.97 1.74 (67.74) 43.99 63.59 21.44 19.01 16.40 13.77 +16.4 pt
People
People Employees 3 3 27 45 136 192 213 247 252 262 — +64.3%
Revenue/emp, $m 36.98 134.40 32.68 20.94 3.98 5.62 7.96 4.97 5.22 5.01 — (19.9%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Magnolia Oil & Gas is an independent oil and natural gas company. It acquires, explores, develops and produces oil, natural gas and natural gas liquids, or NGLs. NGLs are liquids extracted from natural gas during processing. Magnolia sells its production to third-party buyers, including oil purchasers and natural gas processors.

Its properties are primarily in the Giddings and Karnes areas of South Texas. The company targets underground rock formations called the Eagle Ford Shale and the Austin Chalk, drilling wells to bring hydrocarbons to the surface. In 2026, Magnolia closed its acquisition of Wildfire, adding to its Giddings position. The company is continuing to assess the Austin Chalk across that acreage and develop wells in both the Austin Chalk and Eagle Ford.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by products and services, and margins
Oil revenues 918 69.98%
Natural gas liquids revenues 204 15.52%
Natural gas revenues 190 14.50%
Gross margin 94.89%
Operating margin 33.48%
Pre-tax margin 31.82%

Revenue by segment since 2017

Magnolia Oil & Gas Corp vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CHRD Chord Energy Corporation $7.2B 8.3× 6.8× +30.01% (above 0%: growing) +46.02% (above 0%: growing) +257.56% (above 0%: growing) 0.00% 29.60% Compare
SM SM Energy Company $7.1B 7.2× 5.5× +167.38% (above 0%: growing) −70.93% (below 0%: shrinking) +369.43% (above 0%: growing) 73.55% 10.88% Compare
VIST Vista Energy, S.A.B. de C.V. - Sponsored ADR $6.4B 7.5× 9.9× +83.39% (above 0%: growing) −10.66% (below 0%: shrinking) −82.86% (below 0%: shrinking) 54.75% 45.65% Compare
MGY Magnolia Oil & Gas Corp $6.3B 10.3× 9.4× +58.15% (above 0%: growing) +136.59% (above 0%: growing) +176.03% (above 0%: growing) 0.00% 30.08%
MTDR Matador Resources Company $6.2B 8.4× 8.7× +23.82% (above 0%: growing) +10.97% (above 0%: growing) −65.09% (below 0%: shrinking) 85.09% 30.44% Compare
MUR Murphy Oil Corporation $5.2B 11.2× 10.6× +16.64% (above 0%: growing) n/m −59.09% (below 0%: shrinking) 100.00% 30.00% Compare
CNX CNX Resources Corporation. $5.0B 5.5× 7.4× −0.66% (below 0%: shrinking) −22.07% (below 0%: shrinking) −42.35% (below 0%: shrinking) 82.78% 44.70% Compare
LB LandBridge Company LLC $4.8B 42.4× 57.6× +39.46% (above 0%: growing) +41.94% (above 0%: growing) +44.89% (above 0%: growing) 0.00% 68.06% Compare
CRGY Crescent Energy Company $4.7B 62.7× 10.5× +55.92% (above 0%: growing) n/m +41.37% (above 0%: growing) 100.00% 35.43% Compare
Median of peers $5.7B 8.4× 9.3× +34.74% +0.16% −0.49% 78.17% 32.94%

All 74 Oil & Gas E&P stocks →

From the latest earnings call

Updated

  • CEO Christopher Stavros said Giddings drove second-quarter production growth and raised Magnolia’s standalone full-year production growth outlook to 6% from 5%.
  • Stavros said Magnolia planned to resume share repurchases and prioritize debt reduction after the Wildfire acquisition, targeting net debt below 1x EBITDA by year-end 2027.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 86.68%
Held by the ten largest 47.50%
Holder Shares Stake Change
BlackRock 31.97m 13.49% +2.48m
Vanguard 24.62m 10.39% +2.99m
American Century 11.01m 4.65% +502.22k
State Street 9.94m 4.20% +445.19k
Dimensional Fund Advisors 7.12m 3.00% +88.67k
T. Rowe Price 6.89m 2.91% +1.46m
Jupiter Topco 6.43m 2.71% +6.43m
Arrowstreet Capital 5.46m 2.31% −800.28k
Geode Capital Management 4.80m 2.03% +264.86k
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 4.31m 1.82% −660.29k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 24 March 2026

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 14.65%
The Vanguard Group, Inc. 11.18%
American Century Investment Management, Inc. 6.04%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Magnolia Oil & Gas Corp (MGY) Latest News

5 Nov

Impact 4 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com
Impact 3 · · Moby

4 Nov

Impact 3 · · Investing.com
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Business Wire

28 Oct

Impact 3 · · Zacks
Impact 3 · · Business Wire

23 Oct

Impact 3 · · StockStory

5 Oct

Impact 4 · · Zacks

2 Oct

Impact 4 · · Simply Wall St.

1 Oct

Impact 4 · · Business Wire
Impact 3 · · StockStory

23 Sep

Impact 3 · · Simply Wall St.

16 Sep

Impact 3 ·

11 Sep

Impact 4 ·

5 Sep

Impact 4 ·

20 Aug

Impact 4 ·

13 Aug

Impact 3 ·

12 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 3 ·

6 Aug

Impact 3 · transcript
Impact 3 · · Moby

5 Aug

Impact 3 ·
Impact 3 ·

29 Jul

Impact 3 ·

25 Jul

Impact 4 ·

22 Jul

Impact 4 ·

MGY metrics, ten years each

stockrow.com/MGY · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com