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

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Contents

Item 1. Consolidated Balance Sheets

Consolidated Balance Sheets

	March 31, 2024	December 31, 2023
ASSETS	(Unaudited)	(Audited)
CURRENT ASSETS
Cash and cash equivalents	$399,317	$401,121
Accounts receivable	196,004	189,705
Drilling advances	1,263	12
Other current assets	951	435
Total current assets	597,535	591,273
PROPERTY, PLANT AND EQUIPMENT
Oil and natural gas properties	3,882,038	3,743,580
Other	10,323	9,774
Accumulated depreciation, depletion and amortization	(1,798,419)	(1,701,333)
Total property, plant and equipment, net	2,093,942	2,052,021
OTHER ASSETS
Deferred financing costs, net	3,388	3,836
Deferred tax assets	81,605	90,358
Other long-term assets	31,472	18,728
Total other assets	116,465	112,922
TOTAL ASSETS	$2,807,942	$2,756,216
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable	$219,604	$193,212
Other current liabilities (Note 6)	130,407	121,675
Total current liabilities	350,011	314,887
LONG-TERM LIABILITIES
Long-term debt, net	393,480	392,839
Asset retirement obligations, net of current	148,689	148,467
Other long-term liabilities	17,978	17,355
Total long-term liabilities	560,147	558,661
COMMITMENTS AND CONTINGENCIES (Note 8)
EQUITY
Class A Common Stock, $0.0001 par value, 1,300,000 shares authorized, 215,177 shares issued and 181,494 shares outstanding in 2024 and 214,497 shares issued and 183,164 shares outstanding in 2023	22	21
Class B Common Stock, $0.0001 par value, 225,000 shares authorized, 21,827 shares issued and outstanding in 2024 and 2023	2	2
Additional paid-in capital	1,745,157	1,743,930
Treasury Stock, at cost, 33,683 shares and 31,333 shares in 2024 and 2023, respectively	(591,175)	(538,445)
Retained earnings	547,261	486,162
Noncontrolling interest	196,517	190,998
Total equity	1,897,784	1,882,668
TOTAL LIABILITIES AND EQUITY	$2,807,942	$2,756,216

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.