Magnolia Oil & Gas Corporation Announces Second Quarter 2026 Results
Magnolia reported Q2 2026 net income of $181.8 million, or $0.97 per diluted share, more than doubling compared to the prior year due to higher prices and 8% production growth. Free cash flow reached $234.6 million, significantly outpacing the $125 million invested in drilling and completions. The company returned $80.1 million to shareholders through buybacks and dividends and raised its full-year 2026 standalone production growth guidance to 6% from 5%. The Board also declared a 9% increase in the quarterly dividend to $0.18 per share.
Key figures
- Eps
- 0.97
- Revenue
- $478.8 million
- Guidance
- Full year 2026 production growth guidance raised to 6% from 5%
- Fcf
- $234.6 million
- Net income
- $181.8 million
- Shares issued
- 53300000
- Adjusted ebitdax
- $370.3 million
- Capital expenditures
- $125.0 million
- Offering proceeds debt
- $500 million
- Offering proceeds equity
- $1.23 billion
- Production avg mboe per day
- 106.1
AI analysis
Red flags1 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.