Magnolia Oil & Gas (MGY) Company Report

Magnolia Oil & Gas Corporation (MGY) reported adjusted EBITDAX of $219 million and $134 million in free cash flow for Q3 2025.
The company returned $80 million to shareholders in Q3 2025, including $51 million for share repurchases of over 2.1 million shares and $29 million in dividend payments.
Q3 2025 production volumes increased 11% year-over-year to 100.5 thousand bbl of oil equivalent per day.
MGY anticipates record oil and gas production in Q4 2025 and projects full-year 2025 total production growth of approximately 10%.
For 2026, the company plans to limit capital spending to 55% of adjusted EBITDAX and expects mid-single-digit total production growth.

Oct 30, 2025, 3:00 PM

Transcript

Magnolia Oil & Gas announces Q3 2025 results

MGY

Earnings

Guidance Update

Share Buyback

Magnolia Oil & Gas (MGY) reported Q3 2025 adjusted net income of $78 million and adjusted EBITDAX of $219 million, generating $134 million in free cash flow.
The company achieved a record total production of 100.5 Mboe/d in Q3 2025 and updated its full-year 2025 production growth guidance to ~10%, above the original 5%-7% guidance.
MGY returned ~$80 million to shareholders in Q3 2025, consisting of $51 million in share repurchases and $29 million in dividends.
As of September 30, 2025, the company maintained a strong balance sheet with $280 million in cash and $120 million in net debt.

Oct 30, 2025, 3:00 PM

Presentation

Magnolia Oil & Gas Reports Strong Q3 2025 Results with Record Production and Increased Full-Year Guidance

MGY

Earnings

Guidance Update

Share Buyback

Magnolia Oil & Gas (MGY) reported Q3 2025 adjusted EBITDAX of $219 million and adjusted net income of $78 million, or $0.41 per diluted share.
The company achieved a record quarterly total production rate of 100.5 thousand barrels of oil equivalent per day, an 11% increase year-over-year. Full-year 2025 total production growth is now expected to be approximately 10%, exceeding initial guidance.
MGY generated $134 million in free cash flow in Q3 2025, returning $80 million to shareholders through 2.1 million share repurchases and its quarterly dividend. The cash balance at quarter-end was $280 million.
Looking to 2026, MGY anticipates mid single digit total production growth with capital spending similar to 2025 levels, maintaining its business model of limiting capital spending to 55% of adjusted EBITDAX.

Oct 30, 2025, 3:00 PM

Transcript

Magnolia Reports Strong Q3 2025 Results with Record Production and Increased Shareholder Returns

MGY

Earnings

Guidance Update

Share Buyback

Magnolia (MGY) achieved a record quarterly total production rate of 100.5 thousand barrels of oil equivalent per day in Q3 2025, representing 11% year-over-year growth. The company expects full-year 2025 total production growth to be approximately 10%, surpassing its initial guidance.
In Q3 2025, Magnolia reported adjusted EBITDAX of $219 million and generated $134 million in free cash flow. The capital reinvestment rate for the quarter was 54% of adjusted EBITDAX.
The company returned $80 million to shareholders in Q3 2025 through the repurchase of more than 2.1 million shares and a cash dividend payment. Magnolia ended the quarter with a cash balance of $280 million, its highest level of the year. The quarterly dividend was increased by 15% earlier in the year to $0.15 per share.
For Q4 2025, Magnolia anticipates record total production and oil production, with capital spending projected at approximately $110 million. Looking ahead to 2026, the company plans to limit capital spending to 55% of adjusted EBITDAX and expects mid-single-digit total production growth.

Oct 30, 2025, 3:00 PM

Transcript

Magnolia Oil & Gas Corporation Announces Third Quarter 2025 Results

MGY

Earnings

Guidance Update

Share Buyback

Magnolia Oil & Gas reported net income of $78.2 million and diluted earnings per share of $0.40 for Q3 2025, a decrease from Q3 2024. Adjusted EBITDAX for the quarter was $218.8 million.
The company achieved a record average daily production of 100.5 thousand barrels of oil equivalent per day (Mboe/d) in Q3 2025, an 11% increase year-over-year, with drilling and completions (D&C) capital expenditures of $118.4 million.
Magnolia returned $80.3 million, or 60% of its free cash flow, to shareholders in Q3 2025 through share repurchases and dividends, ending the quarter with a cash balance of $280.5 million.
The company reiterated its full-year 2025 outlook for 10 percent total production growth and estimates Q4 2025 D&C capital spending at $110 million, with total capital spending for the year near $450 million.

Oct 29, 2025, 8:01 PM

Press Release

Magnolia Oil & Gas Corporation Announces Third Quarter 2025 Results

MGY

Earnings

Guidance Update

Share Buyback

Magnolia Oil & Gas Corporation reported net income of $78.2 million and diluted earnings per share of $0.40 for the third quarter of 2025.
Adjusted EBITDAX was $218.8 million, with drilling and completions capital expenditures of $118.4 million, representing 54% of adjusted EBITDAX.
The company achieved record average daily production of 100.5 Mboe/d in Q3 2025, an 11% increase year-over-year.
Magnolia generated $133.9 million in free cash flow and returned $80.3 million to shareholders through share repurchases and dividends during the quarter.
The company ended Q3 2025 with a cash balance of $280.5 million and reiterated its full-year 2025 outlook for total production growth of approximately 10%.

Oct 29, 2025, 8:00 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Magnolia Oil & Gas.

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