Magnolia Oil & Gas Corp

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

MGY$22.97+1.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations (unaudited)

(In thousands, except per share data)

	Three Months Ended
	March 31, 2024	March 31, 2023
REVENUES
Oil revenues	$259,182	$239,122
Natural gas revenues	21,095	27,771
Natural gas liquids revenues	39,140	41,489
Total revenues	319,417	308,382
OPERATING EXPENSES
Lease operating expenses	46,150	42,371
Gathering, transportation and processing	8,537	12,732
Taxes other than income	17,898	19,292
Exploration expenses	25	11
Asset retirement obligations accretion	1,618	841
Depreciation, depletion and amortization	97,076	70,701
Impairment of oil and natural gas properties	—	15,735
General and administrative expenses	23,555	19,766
Total operating expenses	194,859	181,449
OPERATING INCOME	124,558	126,933
OTHER INCOME (EXPENSE)
Interest income (expense), net	(2,312)	487
Other expense, net	(4,313)	(1,138)
Total other expense, net	(6,625)	(651)
INCOME BEFORE INCOME TAXES	117,933	126,282
Income tax expense	20,336	19,605
NET INCOME	97,597	106,677
LESS: Net income attributable to noncontrolling interest	12,511	10,342
NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCK	$85,086	$96,335
NET INCOME PER SHARE OF CLASS A COMMON STOCK
Basic	$0.46	$0.50
Diluted	$0.46	$0.50
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic	182,368	191,780
Diluted	182,424	192,054

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.