For Q1 FY2026 ended March 31, 2026, Magnolia Oil & Gas reported revenue of $358.5 million, up 2.3% year-over-year. Net income was $99.8 million, down 3.0% from the prior year. Operating income decreased 5.9% to $127.8 million. The company had $124.4 million in cash and $393.4 million in long-term debt.
•Revenue increased 2.3% YoY to $358.5 million.
•Net income decreased 3.0% YoY to $99.8 million.
•Operating income fell 5.9% YoY to $127.8 million.
•Cash and equivalents stood at $124.4 million; long-term debt was $393.4 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Magnolia Oil & Gas Corporation, an independent oil and natural gas company provides the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States.
The company's properties are located primarily in Karnes County and the Giddings area in South Texas comprising the Eagle Ford Shale and the Austin Chalk formation. Incorporated in 2017, the company is headquartered in Houston, Texas.
What does Magnolia Oil & Gas Corporation (MGY) do?
Magnolia Oil & Gas Corporation is an independent energy company focused on the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company's operations are primarily concentrated in South Texas, specifically in Karnes County and the Giddings area, where it targets the Eagle Ford Shale and the Austin Chalk formation. These geological formations are known for their rich hydrocarbon deposits, and Magnolia leverages advanced drilling and completion techniques to extract resources efficiently. As an independent producer, the company generates revenue by selling its produced oil, natural gas, and natural gas liquids in the open market, with its business model centered on maximizing returns from its asset base through disciplined capital allocation and operational excellence.
On which stock exchange is Magnolia Oil & Gas Corporation (MGY) listed and in what currency?
Magnolia Oil & Gas Corporation is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol MGY. The company's shares are denominated in United States Dollars (USD), which is the standard currency for trading on U.S. stock exchanges. Being listed on the NYSE provides Magnolia with access to a broad base of global investors and liquidity, as the NYSE is one of the world's largest and most prestigious stock exchanges. The use of USD as the trading currency aligns with the company's operations and financial reporting, as all of its revenues, expenses, and assets are primarily in U.S. dollars, given its focus on domestic oil and gas production in the United States.
What sector and industry does Magnolia Oil & Gas Corporation (MGY) operate in?
Magnolia Oil & Gas Corporation operates within the Energy sector, specifically in the Oil & Gas Exploration and Production (E&P) industry. As an E&P company, Magnolia is involved in the upstream segment of the oil and gas value chain, which includes the search for potential oil and gas reserves (exploration), the drilling and extraction of those resources (production), and the development of fields to maximize recovery. The company's activities are distinct from midstream (transportation and storage) or downstream (refining and marketing) operations. In plain language, Magnolia finds and produces crude oil and natural gas from underground reservoirs, then sells these raw commodities to refiners, marketers, and other customers. The Energy sector is cyclical and influenced by global supply and demand dynamics, commodity prices, and geopolitical factors.
Where is Magnolia Oil & Gas Corporation (MGY) headquartered and what are its main operating areas?
Magnolia Oil & Gas Corporation is headquartered in Houston, Texas, a city widely recognized as the energy capital of the United States. The company's primary operating areas are located in South Texas, with a focus on Karnes County and the Giddings area. These regions are home to two major geological formations: the Eagle Ford Shale and the Austin Chalk formation. The Eagle Ford Shale is a prolific oil and natural gas play that has been a key driver of U.S. energy production, while the Austin Chalk is a carbonate formation known for its oil and gas potential. By concentrating its assets in these established basins, Magnolia benefits from existing infrastructure, favorable geology, and a skilled workforce. The company's operations are entirely domestic, serving the U.S. energy market, and it does not have international operations based on available data.
When was Magnolia Oil & Gas Corporation (MGY) incorporated?
Magnolia Oil & Gas Corporation was incorporated in 2017. As a relatively young company in the oil and gas sector, it has focused on building a portfolio of high-quality assets in South Texas. Since its incorporation, the company has pursued a strategy of acquiring, developing, and producing oil and natural gas reserves, primarily in the Eagle Ford Shale and Austin Chalk formations. The incorporation year of 2017 places Magnolia among the newer entrants in the E&P space, but it has quickly established itself as a significant operator in its core areas. The company's relatively recent founding means it has been able to adopt modern drilling technologies and operational practices from the outset, which may contribute to its efficiency and cost management.