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 Corp (MGY) delivers timely updates on its upstream oil and natural gas operations through this dedicated news hub. Investors and industry observers will find verified press releases, earnings announcements, and strategic developments related to the company’s activities in South Texas’s Eagle Ford Shale and Austin Chalk formations.
This resource consolidates official communications about MGY’s reserve acquisitions, production milestones, and operational efficiencies. Users can track updates on exploration results, leadership decisions, and financial performance while gaining insights into the company’s disciplined approach to hydrocarbon development.
Key content includes quarterly earnings disclosures, merger and acquisition activity, and technical advancements in drilling operations. Bookmark this page to maintain informed perspectives on MGY’s position within the competitive energy sector.
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.
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