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. In the quarter to June 2026, revenue grew 50.1%, EPS grew 136.6%, free cash flow grew 179.1% and total debt was flat, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.
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Magnolia Oil & Gas Corp (MGY) Altman Z-score
Magnolia Oil & Gas Corp's Altman Z-score for fiscal 2025 is 4.18, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.18 | (0.38) |
| FY2024 | 4.56 | 0.35 |
| FY2023 | 4.20 | (1.34) |
| FY2022 | 5.54 | 1.34 |
| FY2021 | 4.21 | 8.02 |
| FY2020 | −3.81 | (5.93) |
| FY2019 | 2.12 | 0.05 |
| FY2018 | 2.08 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.05 | — | 0.06 | |
| Retained earnings / total assets | 0.33 | — | 0.47 | |
| EBIT / total assets | 0.15 | — | 0.50 | |
| Market value of equity / total liabilities | 4.49 | — | 2.70 | |
| Sales / total assets | 0.45 | — | 0.45 | |
| Altman Z-score | Safe zone | 4.18 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.77 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MGY Magnolia Oil & Gas Corp | 4.2× |
| VIST Vista Energy, S.A.B. de C.V. - Sponsored ADR compare | 1.9× |
| MUR Murphy Oil Corporation compare | 1.9× |
| CRC California Resources Corporation compare | 1.7× |
| MTDR Matador Resources Company compare | 1.6× |
| CNX CNX Resources Corporation. compare | 1.4× |
| SM SM Energy Company compare | 1.4× |
| CHRD Chord Energy Corporation compare | 1.3× |
| CRGY Crescent Energy Company compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets