Magnolia Oil & Gas Corp (MGY) Form 8-K — Aug 5, 2026
Magnolia Oil & Gas reported second quarter 2026 net income of $181.8 million, or $0.97 per diluted share, more than doubling from $81.0 million a year earlier on higher oil and NGL prices and 8% production growth to 106.1 Mboe/d. Revenue rose 50% year-over-year to $478.8 million, with adjusted net income of $184.3 million ($0.99 per diluted share). Free cash flow more than doubled to $234.6 million on $384.0 million of operating cash flow, with a 34% reinvestment rate and 50% pre-tax margin.
Key figures
- Eps
- 0.97
- Revenue
- 478811000
- Guidance
- Standalone FY2026 production growth guidance raised to 6% from 5%; FY2026 capital spending reiterated at $440-$480 million; Q3 2026 D&C capital ~$115 million with production similar to Q2 (~106.1 Mboe/d); Q3 oil differential ~-$3/Bbl to Magellan East Houston
- Net Income
- 181776000
- Total Debt
- 393636000
- Debt Amount
- 500000000
- Revenue Yoy
- 50%
- Total Assets
- 3140584000
- Cash Position
- 295938000
- Interest Rate
- 6.625%
- Maturity Date
- 2034
- Shares Offered
- 53300000
- Shares Outstanding
- 184.6 million diluted weighted average (Q2 2026); ~269 million fully diluted post-WildFire close
- Roce
- 38.6% annualized
- Revolver
- $450 million undrawn
- Nyse ticker
- MGY
- D and c capex
- $125.0 million (34% of adjusted EBITDAX)
- Free cash flow
- $234.6 million (+118% YoY)
- Oil production
- 41.9 Mbbls/d (+5% YoY)
- Pre tax margin
- 50%
- Oil realization
- $98.13/Bbl (106% of NYMEX WTI)
- Adjusted ebitdax
- $370.3 million (+66% YoY)
- Total production
- 106.1 Mboe/d (+8% YoY)
- Quarterly dividend
- $0.18 per share, a 9% increase, payable September 1, 2026 ($0.72 annualized)
- Wildfire synergies
- >$100 million estimated annual run-rate capture by YE2027
- Adjusted net income
- $184.3 million (adjusted EPS $0.99)
- Giddings production
- 85.5 Mboe/d (+10% YoY; 81% of company volumes)
- Operating cash flow
- $384.0 million
- Pro forma production
- ~159 Mboe/d total and ~79 Mbopd oil (~50% oil)
- Q2 share repurchases
- 1.7 million Class A shares for $49.3 million; 9.9 million shares remaining authorized
- Wildfire senior notes
- $500 million at 6.625% due 2034, closed August 5, 2026
- Assumed wildfire notes
- $600 million
- Q2 shareholder returns
- $80.1 million (34% of free cash flow)
- Wildfire equity offering
- 53.3 million shares for $1.23 billion net proceeds, closed July 22, 2026
- Pro forma giddings acreage
- ~1.25 million net acres
- Wildfire total consideration
- $4.06 billion ($2.08 billion equity ~51%, $1.98 billion cash & debt ~49%)
Price after filing
Close on the filing date to close N calendar days later (from $25.13). Historical, not a forecast.
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