Welcome to our dedicated page for Magnolia Oil & Gas news (Ticker: MGY), a resource for investors and traders seeking the latest updates and insights on Magnolia Oil & Gas stock.
Magnolia Oil & Gas Corporation releases updates on its role as a publicly traded oil and gas exploration and production company operating primarily in South Texas, including the Eagle Ford Shale and Austin Chalk formations. Company news typically covers quarterly and annual operating results, production volumes, commodity price realizations, drilling and completion capital, and revenue from crude oil, natural gas and NGL sales.
Recurring developments also include dividend declarations, Class A and Class B common stock repurchases, targeted asset acquisitions, capital allocation priorities, leverage policy and conference calls tied to financial results.
Magnolia Oil & Gas (NYSE: MGY) declared a quarterly cash dividend of $0.18 per share, payable on September 1, 2026, to shareholders of record on August 10, 2026. This reflects a 9% increase in the quarterly rate, for an annualized dividend of $0.72 per share. The higher dividend was previously announced alongside Magnolia’s definitive agreement to acquire WildFire Energy, with closing expected in late third quarter 2026, and is described by management as supported by higher free cash flow from the combined assets.
Magnolia Oil & Gas Operating (NYSE:MGY) priced a private offering of $500 million aggregate principal amount of 6.625% senior unsecured notes due 2034, to be issued with Magnolia Oil & Gas Finance Corp. Closing is expected on August 5, 2026, subject to customary conditions.
According to Magnolia, net proceeds, together with funds from its July 22, 2026 Class A common stock offering, borrowings under its revolving credit facility, and cash on hand, are intended to fund the cash consideration for the pending acquisition of WildFire Intermediate Holdings from WildFire Energy I. The unregistered Notes will be sold privately to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S.
Magnolia Oil & Gas Operating LLC and its subsidiary Magnolia Oil & Gas Finance Corp. plan to privately offer $500 million in aggregate principal amount of senior unsecured notes due 2034, subject to market conditions. The notes will be sold only to qualified institutional buyers under Rule 144A and to certain non-U.S. investors under Regulation S.
According to Magnolia, net proceeds from the notes, together with a Class A common stock offering by Magnolia (MGY), borrowings under its revolving credit facility and cash on hand, are intended to fund the cash consideration for the pending acquisition of WildFire Intermediate Holdings.
Magnolia Oil & Gas (NYSE: MGY) agreed to acquire privately held WildFire Energy from sponsors Warburg Pincus and Kayne Anderson for approximately $4.06 billion. Magnolia’s board of directors has unanimously approved the transaction, which remains subject to customary closing conditions and regulatory approvals.
WildFire, formed in 2019 with backing from Warburg Pincus, Kayne Anderson and management, focuses on oil and gas assets in the Austin Chalk, Eagle Ford and Woodbine formations in South Texas. The company currently produces about 53 Mboe/d (~70% oil) across roughly 810,000 net acres. Closing is anticipated in late Q3 2026. Jefferies and BofA Securities are serving as financial advisors to WildFire, with Troutman Pepper Locke as legal advisor.
Magnolia Oil & Gas (NYSE: MGY) priced an underwritten public offering of 46,315,790 Class A common shares at $23.75 per share. Underwriters have a 30‑day option to buy up to an additional 6,947,368 shares at the same public offering price, less underwriting discounts and commissions.
Closing is expected on July 22, 2026, subject to customary conditions. According to Magnolia, net proceeds, together with new senior notes, revolver borrowings and cash on hand, will fund the cash consideration for the pending acquisition of WildFire Intermediate Holdings. The deal is offered under an effective shelf registration statement on Form S‑3.
Magnolia Oil & Gas (NYSE: MGY) has launched an underwritten public offering of $1.0 billion of Class A common stock, with a proposed 30‑day option for underwriters to purchase up to an additional $150 million of shares. Completion, size and terms remain subject to market and other conditions.
According to Magnolia, net proceeds, together with new senior notes issued by its subsidiaries, borrowings under Magnolia Operating’s revolving credit facility, and cash on hand, are expected to fund the cash consideration for its pending acquisition of WildFire Intermediate Holdings. The offering is being made under an effective Form S‑3 shelf registration filed with the SEC on July 20, 2026, with J.P. Morgan and Goldman Sachs acting as joint book‑running managers alongside a syndicate of other banks.
Magnolia Oil & Gas (NYSE: MGY) entered a definitive agreement to acquire WildFire Energy for approximately $4.06 billion, including WildFire debt and customary adjustments. According to Magnolia, the deal adds about 810,000 net acres in Giddings, taking its pro forma position to over 1.25 million net acres (1.55+ million gross) across the Austin Chalk, Eagle Ford and Woodbine.
The acquired assets contribute roughly 53,000 Boe/d production, around 70% oil, with a 29% base oil decline. Magnolia expects the transaction to be immediately and highly accretive to cash flow, free cash flow and earnings, and to generate more than $100 million in annual synergies with an estimated $700 million net present value. The package includes a sand mine covering about 80% of Magnolia’s sand needs and over 500 miles of gas gathering pipelines. The company is raising its quarterly dividend by 9% to $0.18 per share from $0.165, starting in the third quarter of 2026, while maintaining share repurchases of at least 1% of shares per quarter. Magnolia will assume $600 million of WildFire notes due 2029 and fund the balance with cash, debt and new equity, supported by a committed and upsized $2 billion credit facility. Closing is expected late in the third quarter of 2026.
Magnolia Oil & Gas (NYSE: MGY) will host a conference call and webcast to discuss its second quarter 2026 operational and financial results on Thursday, August 6, 2026 at 10:00 a.m. CT (11:00 a.m. ET).
Investors can access the webcast and presentation materials via the company’s investor relations website.
Magnolia Oil & Gas (NYSE: MGY) reported Q1 2026 results: net income $100.8M, diluted EPS $0.54, and adjusted EBITDAX $252.9M. Production rose 6% YoY to 102.6 Mboe/d (oil 40.7 Mbbls/d). D&C capital was $128.7M; free cash flow was $145.6M. The company closed ~$155M of bolt-on acquisitions (~6,200 net acres) and repurchased 2.0M shares for $51.9M. Cash ended the quarter at $124.4M with an undrawn $450M revolver; dividend $0.165/share payable June 1, 2026.
Magnolia Oil & Gas (NYSE: MGY) announced a quarterly cash dividend of $0.165 per common share, payable on June 1, 2026 to shareholders of record as of May 12, 2026. Magnolia has paid cash dividends since 2021 and reports annual growth in its dividend per share.