Magnolia Oil & Gas Corp (MGY) Form 8-K — Oct 1, 2026
Magnolia Oil & Gas (MGY) issued an interim financial and operational update on October 1, 2026 following the close of its WildFire Energy acquisition, highlighting integration progress and portfolio optimization. Key milestones include the $47.5 million sale of non-core assets in Dimmit and Zavala counties, net debt of approximately $1.9 billion at quarter-end (below 1.0x net debt to 2027E EBITDA, more than a year ahead of plan), and new costless collar hedges covering more than half of oil production through Q2 2027.
Key figures
- Net Debt
- 1900000000
- Synergies
- >$100 million annual run-rate, at least one-third realized by year-end 2026
- Capex 2027
- $900-950 million
- Q3 2026 capex
- $155-165 million
- Q4 2026 capex
- $235 million
- Seismic purchase
- $14 million
- Net debt to ebitda
- below 1.0x net debt to 2027E EBITDA
- Shares outstanding
- approximately 267 million
- Shares repurchased q3
- approximately 2.3 million
- Q3 2026 production guidance
- 116-118 Mboe/d (~42% oil)
- Q4 2026 production guidance
- 159-161 Mboe/d (49-50% oil)
- Non core asset sale proceeds
- $47.5 million plus 616 net acres in Gonzales County
- Transaction integration costs
- $65-75 million in Q3
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