Welcome to our dedicated page for Magnolia Oil & Gas Corporation news (Ticker: $MGY), a resource for investors and traders seeking the latest updates and insights on Magnolia Oil & Gas Corporation stock.
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Magnolia Oil & Gas announced its financial and operational results for the first quarter of 2024, reporting net income of $97.6 million, adjusted net income of $101.0 million, and earnings per share of $0.46. The company saw a 7% increase in average daily production, with total drilling and completions capital at $119.0 million, lower than previous guidance.
Magnolia Oil & Gas (NYSE: MGY) declared a quarterly cash dividend of $0.13 per Class A common stock share and $0.13 per Class B unit, payable on June 3, 2024, to shareholders of record as of May 13, 2024.
