Magnolia Oil & Gas Announces Acquisition of WildFire Energy
Magnolia Oil & Gas agreed to acquire WildFire Energy for $4.06 billion, a transformative deal that more than doubles its net acreage in the Giddings field to over 1.25 million acres. The transaction is expected to be immediately accretive to free cash flow and earnings, generating over $100 million in annual synergies, and allows the company to raise its quarterly dividend by 9% to $0.18 per share.
Key figures
- Guidance
- FY2026 production growth guidance raised to 6% from 5%
- Deal Value Usd
- 4060000000
- Shares Offered
- 32200000
- Notes assumed
- $600 million
- Synergies npv
- $700 million
- Annual synergies
- $100 million
- Dividend increase
- 9%
- Q2 production avg
- 106.1 Mboe/d
- Acres acquired net
- 810000
- Q2 oil production avg
- 41.9 Mbo/d
- New dividend per share
- $0.18
AI analysis
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