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 Corporation (NYSE: MGY) will host a conference call and webcast on May 4, 2023, at 10:00 a.m. Central Time to discuss its first quarter 2023 operational and financial results. Interested participants can join via Magnolia's website or by calling 1-844-701-1059. The company will provide materials related to the financial results ahead of the call and a replay will be available post-event. Magnolia operates primarily in South Texas, focusing on the Eagle Ford Shale and Austin Chalk formations. The company aims to generate value through production growth, strong margins, and free cash flow.
Magnolia Oil & Gas Corporation (NYSE: MGY) reported robust financial results for Q4 and full-year 2022. Average daily production increased by 6% to 73.8 Mboe/d, and net income surged 33% to $254.8 million. Full-year 2022 net income reached $1,050.2 million, with earnings per share doubling to $4.71. Magnolia also generated substantial free cash flow of $823.5 million. The company achieved an 8% reduction in diluted share count through shares repurchased, totaling 15.5 million in 2022. Magnolia plans to sustain a disciplined capital expenditure strategy while pursuing production growth and shareholder returns through dividends and share repurchases.
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