Magnolia Oil & Gas Corporation
MGY
ISIN US5596631094 / Valor 42985248
Magnolia Oil & Gas Corporation
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About company
Magnolia Oil & Gas Corporation is a publicly traded oil and gas exploration and production company focused on operations in South Texas, specifically in the Eagle Ford Shale and Austin Chalk formations. The company aims to create value for investors through the growth of its asset platform, generation of free cash flow, financial flexibility, and strategic capital allocation.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (20.08.2024):
Revenue Growth
In the second quarter of 2024, Magnolia Oil & Gas Corporation reported a revenue of $337 million, marking a 20% increase year-over-year. This growth reflects the company's strong operational performance and favorable market conditions.
Adjusted Net Income
Magnolia Oil & Gas Corporation achieved an adjusted net income of $104 million in Q2 2024. This represents a 7% increase compared to the same period in the previous year, highlighting the company's effective cost management and operational efficiency.
Production Increase
During the second quarter of 2024, Magnolia Oil & Gas Corporation's total production reached 90.2 Mboe/d, which is a 10% increase year-over-year. Oil production specifically grew by 11%, reaching 37.9 Mbbls/d.
Free Cash Flow
In Q2 2024, Magnolia Oil & Gas Corporation generated a free cash flow of $97 million. This strong cash flow performance underscores the company's ability to fund its operations and return value to shareholders.
Shareholder Returns
Magnolia Oil & Gas Corporation returned approximately $130 million to shareholders in the second quarter of 2024. This included $103 million in share repurchases and $27 million in dividends, demonstrating the company's commitment to delivering shareholder value.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4440 M
Market cap (USD)
235,684
Daily traded volume (Shares)
23.26 / 22.82
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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