Magnolia Oil & Gas Corporation — Third Quarter 2026 Earnings Summary

Magnolia Oil & Gas Corporation reported third-quarter 2026 net income of $80.5 million, or $0.35 per diluted share, while adjusted net income rose 114% to $166.3 million. The company achieved adjusted EBITDAX of $392.0 million and generated $223.7 million in adjusted free cash flow, driven by a 17% year-over-year increase in total production to 117.3 thousand barrels of oil equivalent per day. Following the acquisition of WildFire Energy, Magnolia returned $103.3 million to shareholders through dividends and share repurchases and reduced its net debt to approximately $1.9 billion. The company provided fourth-quarter 2026 guidance projecting production between 159,000 and 161,000 Mboe/d with drilling and completion capital spending estimated at roughly $235 million.