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 Corporation (NYSE: MGY) will host a conference call and webcast on May 3, 2022, at 10:00 a.m. Central Time to discuss its operational and financial results for the first quarter. Participants can join via Magnolia’s website or by calling 1-844-701-1059. The company emphasizes its focus on steady production growth, strong pre-tax margins, and free cash flow, primarily from its operations in South Texas.
Magnolia Oil & Gas Corporation (NYSE: MGY) has announced the pricing of a block trade involving 7,500,000 shares of its Class A common stock, yielding gross proceeds of
Magnolia Oil & Gas Corporation (NYSE: MGY) has announced a proposed underwritten block trade of 7,500,000 shares of its Class A Common Stock, offered by certain affiliates of EnerVest, Ltd. Magnolia itself will not sell any shares in this Offering and will not receive any proceeds. Additionally, Magnolia intends to buy 2,500,000 shares of its Class B Common Stock from the Selling Stockholders, contingent on the Offering's completion. Following these transactions, the Selling Stockholders will hold about 21.9% of Magnolia's total outstanding shares.
Magnolia Oil & Gas Corporation (NYSE: MGY) reported strong financial results for Q4 and full-year 2021. Q4 net income reached $192.1 million, while full-year net income totaled $559.7 million. Diluted earnings per share were $0.82 for Q4 and $2.36 for the year. Production increased 15% in Q4 to 69.4 Mboe/d. The company generated $178.5 million in free cash flow in Q4, returning 65% of this to shareholders through dividends and share repurchases. The board declared a final dividend of $0.20 a share, payable March 1, 2022.
Magnolia Oil & Gas Corporation (NYSE: MGY) has approved an increase in its share repurchase authorization by an additional 10 million shares of Class A common stock, bringing the total available for repurchase to approximately 15.8 million shares. This initiative aims to return value to shareholders, complementing previous efforts that saw a reduction of 25.3 million shares in 2021. In total, $358 million was returned to shareholders last year, representing about 65% of the company's free cash flow.
Magnolia Oil & Gas Corporation (NYSE: MGY) has declared a semi-annual cash dividend of
Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast on February 17, 2022, at 9:00 a.m. Central Time to discuss its operational and financial results for Q4 and the full year of 2021. Interested parties can access the call via Magnolia's website or by dialing 1-844-701-1059. The company aims to provide valuable insights into its performance in the Eagle Ford Shale and Austin Chalk formations, emphasizing its focus on production growth and free cash flow generation.
Magnolia Oil & Gas Corporation (NYSE: MGY) reported strong financial results for Q3 2021, with a net income of $159.9 million or $0.67 per share. Adjusted net income was $157.9 million, showing a robust 14% sequential increase in adjusted EBITDAX to $221.5 million. Average daily production rose to 67.4 Mboe/d, a 4% increase from the previous quarter, aided by a significant 80% year-over-year rise in Giddings production. The company repurchased 5 million shares at a cost of $78.7 million and ended Q3 with $245 million in cash, while maintaining a low debt profile.
Magnolia Oil & Gas Corporation (NYSE: MGY) has announced a conference call and webcast to discuss its third quarter 2021 operational and financial results on November 2, 2021, at 9:00 a.m. CT. Investors can participate by visiting Magnolia's website or by dialing 1-844-701-1059. The company will also post related materials prior to the call and a replay afterward. Magnolia focuses on oil and gas exploration and production, primarily in South Texas, emphasizing production growth, strong pre-tax margins, and free cash flow.
Magnolia Oil & Gas Corporation (NYSE: MGY) announced the pricing of a block trade of 7,500,000 shares of its Class A common stock, generating total gross proceeds of