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 (NYSE: MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. This news page aggregates company-issued updates and market coverage related to Magnolia’s operating and financial performance.
Investors following MGY news will find recurring coverage of quarterly and annual financial results, including net income, adjusted net income, adjusted EBITDAX, drilling and completions capital, and average daily production. Magnolia’s releases also highlight operating income as a percentage of revenue, which the company refers to as pre-tax margins, as well as free cash flow and cash balances.
Magnolia frequently announces conference calls and webcasts to discuss its quarterly results. These announcements typically provide details on call times and access instructions, along with references to supporting materials made available in the investors section of the company’s website. The news flow also includes updates on quarterly cash dividends on Class A common stock and cash distributions on Class B units, with Magnolia noting that it has paid dividends since 2021 and has grown its dividend per share payout each year.
Operational updates in Magnolia’s news releases describe production trends in its South Texas asset base, including total company production volumes, oil volumes, and contributions from the Giddings area. The company also reports on drilling and completions activity, development programs, and bolt-on acquisitions of oil and gas properties that add acreage and production to its footprint.
By reviewing this MGY news feed, readers can monitor how Magnolia communicates its capital spending discipline, production growth, free cash flow generation, and shareholder return framework over time.
Magnolia Oil & Gas (NYSE: MGY) has announced its latest quarterly dividend payment. The company will distribute $0.15 per share for both Class A common stock and Class B units, with the payment scheduled for June 2, 2025.
Shareholders of record as of May 12, 2025, will be eligible for this dividend distribution. The company has maintained a consistent track record of dividend payments since 2021, demonstrating a pattern of increasing dividend per share payouts annually.
Magnolia Oil & Gas (NYSE: MGY) has announced it will hold a conference call and webcast to discuss its first quarter 2025 operational and financial results. The event is scheduled for Thursday, May 1st at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
Investors can access the webcast through Magnolia's website investor section or dial in directly. Related financial materials will be available on the company's website before the call, and a replay will be posted afterward.
Magnolia Oil & Gas (NYSE: MGY) reported its Q4 and full-year 2024 financial results. The company achieved 9% production growth in both Q4 and full-year 2024, with Q4 production reaching 93.1 Mboe/d and full-year averaging 89.7 Mboe/d. Oil production grew by 11%, exceeding original expectations.
Q4 net income was $88.7 million ($0.44 per diluted share), while full-year net income reached $397.3 million ($1.94 per diluted share). The company generated $430.2 million in free cash flow for 2024 and returned 88% to shareholders through dividends and share repurchases.
The Board increased the quarterly dividend by 15% to $0.15 per share and added 10 million shares to the repurchase authorization. The company maintained a strong balance sheet with $260 million in cash and an undrawn $450 million credit facility. For 2025, Magnolia expects capital spending of $460-490 million and projects 5-7% production growth.
Magnolia Oil & Gas (NYSE: MGY) has announced a 15% increase in its quarterly dividend to $0.15 per share for both Class A common stock and Class B units, payable on March 3, 2025, to shareholders of record as of February 14, 2025. This marks the fourth consecutive year of dividend increases since initiating payments in 2021, bringing the annualized dividend to $0.60 per share.
The company's 2024 performance supported this increase, featuring 9% total production growth, a 5% reduction in total shares outstanding, and improved field-level cash operating costs. CEO Chris Stavros emphasized Magnolia's commitment to maintaining low leverage, disciplined capital spending, and generating consistent free cash flow while achieving modest annual production growth and high pre-tax margins.
Magnolia Oil & Gas (NYSE: MGY) has announced a conference call and webcast scheduled for Wednesday, February 19th to discuss its fourth quarter and full year 2024 operational and financial results. The event will begin at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
Participants can join through the company's website at www.magnoliaoilgas.com/investors/events-and-presentations or by phone. Related financial materials will be available in the Investors section before the call, and a replay will be posted afterward.
Magnolia Oil & Gas (NYSE: MGY) has appointed R. Lewis Ropp as an independent director to its Board, effective immediately. Ropp will serve as a member of the Audit Committee. He brings extensive experience in finance, capital markets, and investment management, along with expertise in oil and gas operations and engineering.
Ropp recently retired as Senior Managing Director and Senior Equity Partner at Barrow Hanley Global Investors, where he served as Lead Equity Portfolio Manager from 2001 to 2024. His career includes positions as a research analyst covering exploration and production companies, operations manager at The Hargett Companies, and process team leader at Shell Oil Company. He holds degrees from the University of Louisiana and Tulane University, including an MBA and MS in Engineering.
Magnolia Oil & Gas Operating has announced the pricing of a $400 million private offering of 6.875% senior unsecured notes due 2032. The Notes Offering is expected to close on November 26, 2024, subject to customary conditions. The company plans to use the proceeds to repurchase and redeem its outstanding 6.00% Senior Notes due 2026. The notes will be offered exclusively to qualified institutional buyers and non-U.S. persons under Rule 144A and Regulation S. Magnolia (MGY) operates primarily in South Texas, focusing on the Eagle Ford Shale and Austin Chalk formations, with a strategy centered on steady production growth and consistent free cash flow generation.
Magnolia Oil & Gas Operating and its subsidiary announced plans to offer $400 million in senior unsecured notes due 2032 through a private placement to eligible purchasers. The proceeds will be used to repurchase and redeem the outstanding 6.00% Senior Notes due 2026. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. Magnolia (MGY) operates primarily in South Texas, focusing on the Eagle Ford Shale and Austin Chalk formations, with a strategy centered on delivering steady production growth and consistent free cash flow.
Magnolia Oil & Gas (NYSE: MGY) reported Q3 2024 financial results with net income of $105.9 million ($0.52 per diluted share), down 10% year-over-year. Total production increased 10% to 90.7 thousand barrels of oil equivalent per day, with oil production at 38.9 thousand barrels per day. The company generated free cash flow of $126.1 million and maintained strong operational efficiency with reduced lease operating expenses. Magnolia returned 70% of free cash flow to shareholders through $61.7 million in share repurchases and dividends. The company ended the quarter with $276.1 million cash balance and expects Q4 production of approximately 93 Mboe/d.
Magnolia Oil & Gas (NYSE: MGY) has declared a quarterly cash dividend of $0.13 per share for both Class A common stock and Class B units. The dividend will be paid on December 2, 2024, to shareholders of record as of November 8, 2024.