Earnings Releases·Nov 4, 2026, 4:00 PM ET

Magnolia Oil & Gas Corporation — Third Quarter 2026 Earnings Summary

Net income rose 3% year-over-year to $80.5 million, while diluted EPS declined 13% to $0.35; adjusted net income surged 114% to $166.3 million and adjusted EBITDAX increased 79% to $392.0 million on 58% revenue growth to $513.9 million.
The company returned $103.3 million to shareholders via $60.2 million in share repurchases and dividends, with the Board increasing repurchase authorization by 15 million shares and declaring a $0.18 quarterly dividend.
Fourth-quarter 2026 production is guided at 159–161 Mboe/d with 49–50% oil content, while 2027 production is projected to grow 4–5% with D&C capital spending estimated between $900 million and $950 million.
Integration of the WildFire Energy acquisition is ahead of schedule, capturing over one-third of anticipated annual synergies, with early results indicating greater inventory potential than previously modeled.
Net debt stands at approximately $1.9 billion, and the company achieved a net debt-to-forecasted EBITDAX ratio of less than 1.0x more than a year ahead of plan.