Magnolia Oil & Gas Corp Financials

MGY

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Magnolia Oil & Gas Corp (MGY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MGY FY2025 2026-05-07

Heavy non-cash depreciation makes Magnolia look less profitable than its cash engine, while a lightly leveraged balance sheet supports payouts.

With operating cash flow of $878.6M versus net income of $325.3M in FY2025, reported profit understates what the asset base is producing in cash because depreciation and amortization are so large. That cash almost matched combined investing and financing outflows of $871.9M, while debt-to-equity stayed near 0.2x from FY2023 through FY2025.

Between FY2024 and FY2025, revenue was essentially flat, but operating margin fell from 38.9% to 33.5%. That pattern points to cost absorption pressure: Magnolia kept generating similar sales, but a smaller share dropped through to operating profit.

The balance sheet remains lightly leveraged: long-term debt was $393.3M against equity of $2.0B in FY2025. Because retained earnings kept rising while debt stayed roughly flat over the last three years, cash returned to shareholders does not appear to come from an expanding debt load.

Financial Health Signals

Financial Health Score 61/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Magnolia Oil & Gas Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Leverage

Liquidity

Returns

Altman Z-Score Safe

4.66

Magnolia Oil & Gas Corp scores 4.66, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.8B) relative to total liabilities ($903.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/7

Magnolia Oil & Gas Corp passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.70x

For every $1 of reported earnings, Magnolia Oil & Gas Corp generates $2.70 in operating cash flow ($878.6M OCF vs $325.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$1.3B

YoY-0.3%

5Y CAGR+19.4%

Magnolia Oil & Gas Corp generated $1.3B in revenue in fiscal year 2025. This represents a decrease of 0.3% from the prior year.

EBITDA

$876.9M

YoY-5.3%

Magnolia Oil & Gas Corp's EBITDA was $876.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.3% from the prior year.

Net Income

$325.3M

YoY-11.1%

Magnolia Oil & Gas Corp reported $325.3M in net income in fiscal year 2025. This represents a decrease of 11.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$266.8M

YoY+2.6%

5Y CAGR+6.7%

Magnolia Oil & Gas Corp held $266.8M in cash against $393.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.60

YoY+15.4%

Magnolia Oil & Gas Corp paid $0.60 per share in dividends in fiscal year 2025. This represents an increase of 15.4% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

33.5%

YoY-5.4pp

5Y CAGR+389.2pp

Magnolia Oil & Gas Corp's operating margin was 33.5% in fiscal year 2025, reflecting core business profitability. This is down 5.4 percentage points from the prior year.

Net Margin

24.8%

YoY-3.0pp

5Y CAGR+248.0pp

Magnolia Oil & Gas Corp's net profit margin was 24.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.0 percentage points from the prior year.

Return on Equity

16.3%

YoY-2.3pp

5Y CAGR+160.2pp

Magnolia Oil & Gas Corp's ROE was 16.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

MGY Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.3B-0.3%	$1.3B+7.2%	$1.2B-27.6%	$1.7B+57.1%	$1.1B+99.2%	$541.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$97.0M+9.4%	$88.7M+15.1%	$77.1M+6.5%	$72.4M-3.8%	$75.3M+9.2%	$68.9M
Operating Income	$439.2M-14.2%	$512.0M-4.2%	$534.5M-50.2%	$1.1B+78.2%	$602.6M+131.3%	-$1.9B
Interest Expense	N/A	N/A	-$33K+99.9%	-$23.4M+24.4%	-$31.0M-8.0%	-$28.7M
Income Tax	$80.1M-16.4%	$95.8M-10.6%	$107.2M+1515.1%	$6.6M-25.0%	$8.9M+111.2%	-$79.3M
Net Income	$325.3M-11.1%	$366.0M-5.7%	$388.3M-56.6%	$893.8M+114.2%	$417.3M+134.5%	-$1.2B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$358.5M+12.9%	$317.6M-2.2%	$324.9M+1.9%	$319.0M-8.9%	$350.3M+7.3%	$326.6M-2.0%	$333.1M-1.1%	$336.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$31.4M+25.9%	$25.0M+3.2%	$24.2M+4.0%	$23.3M-5.3%	$24.6M+16.1%	$21.2M+0.1%	$21.2M-7.3%	$22.8M
Operating Income	$127.8M+35.8%	$94.1M-7.3%	$101.5M-5.9%	$107.8M-20.6%	$135.8M+9.5%	$124.1M-3.8%	$129.0M-4.0%	$134.4M
Interest Expense	$800K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$20.9M+24.0%	$16.8M-2.1%	$17.2M-17.8%	$20.9M-16.7%	$25.1M+13.3%	$22.2M-16.4%	$26.5M-0.9%	$26.8M
Net Income	$99.8M+45.2%	$68.8M-8.9%	$75.5M-3.4%	$78.1M-24.1%	$102.9M+20.2%	$85.6M-14.2%	$99.8M+4.4%	$95.6M
EPS (Diluted)	$0.54	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MGY Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.9B+2.9%	$2.8B+2.3%	$2.8B+7.1%	$2.6B+47.3%	$1.7B+20.2%	$1.5B
Current Assets	$442.4M+7.7%	$410.8M-30.5%	$591.3M-30.5%	$850.7M+64.3%	$517.9M+84.0%	$281.5M
Cash & Equivalents	$266.8M+2.6%	$260.0M-35.2%	$401.1M-40.6%	$675.4M+84.1%	$367.0M+90.6%	$192.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$116.5M-5.8%	$123.8M-34.8%	$189.7M+11.1%	$170.8M+14.0%	$149.8M+83.6%	$81.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$903.9M+5.9%	$853.5M-2.3%	$873.5M+4.9%	$832.4M+18.7%	$701.5M+14.3%	$614.0M
Current Liabilities	$288.0M-0.8%	$290.3M-7.8%	$314.9M-7.5%	$340.3M+55.7%	$218.5M+69.5%	$128.9M
Long-Term Debt	$393.3M+0.2%	$392.5M-0.1%	$392.8M+0.6%	$390.4M+0.6%	$388.1M-0.8%	$391.1M
Total Equity	$2.0B+1.6%	$2.0B+4.5%	$1.9B+8.2%	$1.7B+66.5%	$1.0B+24.5%	$839.4M
Retained Earnings	$966.7M+28.1%	$754.6M+55.2%	$486.2M+161.8%	$185.7M+126.2%	-$708.2M+37.1%	-$1.1B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.9B+1.4%	$2.9B-0.7%	$2.9B+2.2%	$2.9B-0.3%	$2.9B+1.7%	$2.8B+0.4%	$2.8B-1.1%	$2.8B
Current Assets	$319.7M-27.7%	$442.4M-5.8%	$469.5M+12.7%	$416.7M+2.4%	$407.0M-0.9%	$410.8M-1.1%	$415.2M-8.5%	$453.9M
Cash & Equivalents	$124.4M-53.4%	$266.8M-4.9%	$280.5M+11.4%	$251.8M+1.7%	$247.6M-4.8%	$260.0M-5.8%	$276.1M+0.2%	$275.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$160.8M+38.0%	$116.5M-37.8%	$187.5M+16.9%	$160.3M+1.6%	$157.9M+27.6%	$123.8M-9.1%	$136.2M-22.4%	$175.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$908.6M+0.5%	$903.9M-1.4%	$917.2M+6.4%	$862.3M-1.9%	$879.3M+3.0%	$853.5M+0.4%	$850.4M-8.0%	$924.5M
Current Liabilities	$290.5M+0.9%	$288.0M-9.7%	$318.9M+10.5%	$288.6M-5.4%	$305.1M+5.1%	$290.3M+3.1%	$281.5M-20.7%	$355.0M
Long-Term Debt	$393.4M0.0%	$393.3M0.0%	$393.1M0.0%	$392.9M0.0%	$392.7M0.0%	$392.5M-0.6%	$394.8M+0.2%	$394.1M
Total Equity	$2.0B+1.8%	$2.0B-0.4%	$2.0B+0.4%	$2.0B+0.5%	$2.0B+1.1%	$2.0B+0.3%	$2.0B+2.2%	$1.9B
Retained Earnings	$1.0B+7.2%	$966.7M+4.4%	$925.7M+5.4%	$878.4M+6.0%	$828.6M+9.8%	$754.6M+8.7%	$694.1M+12.1%	$619.0M

MGY Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$878.6M-4.6%	$920.9M+7.6%	$855.8M-34.0%	$1.3B+64.5%	$788.5M+154.2%	$310.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$540.7M+17.5%	-$655.1M+19.6%	-$814.9M-57.0%	-$518.9M-113.1%	-$243.4M+9.8%	-$270.0M
Financing Cash Flow	-$331.2M+18.6%	-$406.8M-29.1%	-$315.2M+32.8%	-$469.3M-26.6%	-$370.6M-1127.0%	-$30.2M
Dividends Paid	$113.1M+15.9%	$97.6M+10.8%	$88.1M+17.1%	$75.2M+432.1%	$14.1M	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$197.6M-5.2%	$208.4M-15.6%	$247.1M+24.3%	$198.7M-11.5%	$224.5M+0.8%	$222.6M+2.2%	$217.9M-19.1%	$269.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$247.6M-76.7%	-$140.1M-1.5%	-$138.1M-18.5%	-$116.5M+20.2%	-$146.1M-5.8%	-$138.1M-6.6%	-$129.6M+50.2%	-$260.1M
Financing Cash Flow	-$92.4M-12.7%	-$82.0M-2.2%	-$80.3M-2.9%	-$78.0M+14.2%	-$90.9M+9.6%	-$100.6M-14.5%	-$87.9M+33.9%	-$132.9M
Dividends Paid	$30.5M+9.8%	$27.8M-1.2%	$28.1M-1.0%	$28.4M-1.9%	$28.9M+15.2%	$25.1M+1.6%	$24.7M+3.7%	$23.8M
Share Buybacks	$33.3M	N/A	N/A	N/A	$52.4M	N/A	N/A	N/A

MGY Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	33.5%-5.4pp	38.9%-4.6pp	43.6%-19.8pp	63.4%+7.5pp	55.9%+411.6pp	-355.8%
Net Margin	24.8%-3.0pp	27.8%-3.8pp	31.6%-21.1pp	52.8%+14.0pp	38.7%+261.9pp	-223.2%
Return on Equity	16.3%-2.3pp	18.6%-2.0pp	20.6%-30.7pp	51.4%+11.4pp	39.9%+183.9pp	-144.0%
Return on Assets	11.2%-1.8pp	13.0%-1.1pp	14.1%-20.6pp	34.7%+10.8pp	23.9%+107.0pp	-83.1%
Current Ratio	1.54+0.1	1.42-0.5	1.88-0.6	2.50+0.1	2.37+0.2	2.18
Debt-to-Equity	0.200.0	0.200.0	0.21-0.0	0.22-0.1	0.37-0.1	0.47
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	35.6%+6.0pp	29.6%-1.6pp	31.2%-2.6pp	33.8%-5.0pp	38.8%+0.8pp	38.0%-0.7pp	38.7%-1.2pp	39.9%
Net Margin	27.8%+6.2pp	21.6%-1.6pp	23.2%-1.3pp	24.5%-4.9pp	29.4%+3.2pp	26.2%-3.7pp	29.9%+1.6pp	28.4%
Return on Equity	4.9%+1.5pp	3.4%-0.3pp	3.8%-0.2pp	3.9%-1.3pp	5.2%+0.8pp	4.3%-0.7pp	5.1%+0.1pp	5.0%
Return on Assets	3.4%+1.0pp	2.4%-0.2pp	2.6%-0.2pp	2.7%-0.9pp	3.6%+0.6pp	3.0%-0.5pp	3.5%+0.2pp	3.4%
Current Ratio	1.10-0.4	1.54+0.1	1.47+0.0	1.44+0.1	1.33-0.1	1.42-0.1	1.47+0.2	1.28
Debt-to-Equity	0.190.0	0.200.0	0.200.0	0.200.0	0.200.0	0.200.0	0.200.0	0.21
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Comstock Rscs CRK

$4.0B

Vista Energy Sponsored ADR Series A VIST

$7.1B

Matador Res Co MTDR

$6.4B

Chord Energy Corp CHRD

$6.7B

California Res Corp CRC

$4.7B

Frequently Asked Questions

What is Magnolia Oil & Gas Corp's annual revenue?

Magnolia Oil & Gas Corp (MGY) reported $1.3B in total revenue for fiscal year 2025. This represents a -0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Magnolia Oil & Gas Corp's revenue growing?

Magnolia Oil & Gas Corp (MGY) revenue declined by 0.3% year-over-year, from $1.3B to $1.3B in fiscal year 2025.

Is Magnolia Oil & Gas Corp profitable?

Yes, Magnolia Oil & Gas Corp (MGY) reported a net income of $325.3M in fiscal year 2025, with a net profit margin of 24.8%.

What is Magnolia Oil & Gas Corp's EBITDA?

Magnolia Oil & Gas Corp (MGY) had EBITDA of $876.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Magnolia Oil & Gas Corp have?

As of fiscal year 2025, Magnolia Oil & Gas Corp (MGY) had $266.8M in cash and equivalents against $393.3M in long-term debt.

What is Magnolia Oil & Gas Corp's operating margin?

Magnolia Oil & Gas Corp (MGY) had an operating margin of 33.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Magnolia Oil & Gas Corp's net profit margin?

Magnolia Oil & Gas Corp (MGY) had a net profit margin of 24.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Magnolia Oil & Gas Corp pay dividends?

Yes, Magnolia Oil & Gas Corp (MGY) paid $0.60 per share in dividends during fiscal year 2025.

What is Magnolia Oil & Gas Corp's return on equity (ROE)?

Magnolia Oil & Gas Corp (MGY) has a return on equity of 16.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Magnolia Oil & Gas Corp's operating cash flow?

Magnolia Oil & Gas Corp (MGY) generated $878.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Magnolia Oil & Gas Corp's total assets?

Magnolia Oil & Gas Corp (MGY) had $2.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What is Magnolia Oil & Gas Corp's current ratio?

Magnolia Oil & Gas Corp (MGY) had a current ratio of 1.54 as of fiscal year 2025, which is generally considered healthy.

What is Magnolia Oil & Gas Corp's debt-to-equity ratio?

Magnolia Oil & Gas Corp (MGY) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Magnolia Oil & Gas Corp's return on assets (ROA)?

Magnolia Oil & Gas Corp (MGY) had a return on assets of 11.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Magnolia Oil & Gas Corp's Altman Z-Score?

Magnolia Oil & Gas Corp (MGY) has an Altman Z-Score of 4.66, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Magnolia Oil & Gas Corp's Piotroski F-Score?

Magnolia Oil & Gas Corp (MGY) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Magnolia Oil & Gas Corp's earnings high quality?

Magnolia Oil & Gas Corp (MGY) has an earnings quality ratio of 2.70x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Magnolia Oil & Gas Corp?

Magnolia Oil & Gas Corp (MGY) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.