Magnolia Oil & Gas Corp

For the period ended Jun 30, 2024. Filed Aug 1, 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.

Jun 30, 2024 · Filed Aug 1, 2024

MGY$22.67-4.2%Stored close · as of Nov 9, 2026

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

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Contents

Consolidated Statements of Changes in Equity (unaudited)

Class A Common Stock · Class B Common Stock · Additional Paid In Capital · Treasury Stock · Retained Earnings · Total Stockholders’ Equity · Noncontrolling Interest · Total Equity
For the Three Months Ended June 30, 2023 · Shares · Value · Shares · Value · Shares · Value
Balance, March 31, 2023	214,355	$21	21,827	$2	$1,720,487	24,084	$(380,783)	$259,636	$1,599,363	$167,714	$1,767,077
Stock based compensation expense, net of forfeitures	—	—	—	—	3,668	—	—	—	3,668	424	4,092
Changes in ownership interest adjustment	—	—	—	—	2,936	—	—	—	2,936	(2,769)	167
Common stock issued related to stock based compensation, net	45	—	—	—	(137)	—	—	—	(137)	(15)	(152)
Class A Common Stock repurchase	—	—	—	—	—	2,250	(44,821)	—	(44,821)	—	(44,821)
Dividends declared ($0.115 per share)	—	—	—	—	—	—	—	(22,117)	(22,117)	—	(22,117)
Distributions to noncontrolling interest owners	—	—	—	—	—	—	—	—	—	(3,089)	(3,089)
Adjustment to deferred taxes	—	—	—	—	4,543	—	—	—	4,543	—	4,543
Tax impact of equity transactions	—	—	—	—	(438)	—	—	—	(438)	—	(438)
Net income	—	—	—	—	—	—	—	91,492	91,492	13,104	104,596
Balance, June 30, 2023	214,400	$21	21,827	$2	$1,731,059	26,334	$(425,604)	$329,011	$1,634,489	$175,369	$1,809,858
Balance, March 31, 2024	215,177	$22	21,827	$2	$1,745,157	33,683	$(591,175)	$547,261	$1,701,267	$196,517	$1,897,784
Stock based compensation expense, net of forfeitures	—	—	—	—	4,449	—	—	—	4,449	347	4,796
Changes in ownership interest adjustment	—	—	—	—	25,573	—	—	—	25,573	(25,573)	—
Common stock issued related to stock based compensation and other, net	121	—	—	—	(135)	—	—	—	(135)	(13)	(148)
Class A Common Stock repurchases	—	—	—	—	—	1,000	(25,939)	—	(25,939)	—	(25,939)
Class B Common Stock purchase and cancellation	—	—	(3,000)	—	—	—	—	—	—	(76,740)	(76,740)
Conversion of Class B Common Stock to Class A Common Stock	7,869	1	(7,869)	(1)	—	—	—	—	—	—	—
Dividends declared ($0.13 per share)	—	—	—	—	—	—	—	(23,820)	(23,820)	—	(23,820)
Distributions to noncontrolling interest owners	—	—	—	—	—	—	—	—	—	(3,811)	(3,811)
Adjustment to deferred taxes	—	—	—	—	(2,709)	—	—	—	(2,709)	—	(2,709)
Tax impact of equity transactions	—	—	—	—	43,463	—	367	—	43,830	—	43,830
Net income	—	—	—	—	—	—	—	95,559	95,559	9,554	105,113
Balance, June 30, 2024	223,167	$23	10,958	$1	$1,815,798	34,683	$(616,747)	$619,000	$1,818,075	$100,281	$1,918,356

Consolidated Statements of Changes in Equity (Unaudited)

Class A Common Stock · Class B Common Stock · Additional Paid In Capital · Treasury Stock · Retained Earnings · Total Stockholders’ Equity · Noncontrolling Interest · Total Equity
For the Six Months Ended June 30, 2023 · Shares · Value · Shares · Value · Shares · Value
Balance, December 31, 2022	213,727	$21	21,827	$2	$1,719,875		21,684		$(329,512)		$185,669		$1,576,055		$164,136		$1,740,191
Stock based compensation expense, net of forfeitures	—	—	—	—	7,053		—		—		—		7,053		810		7,863
Changes in ownership interest adjustment	—	—	—	—	6,875		—		—		—		6,875		(6,708)		167
Common stock issued related to stock based compensation, net	673	—	—	—	(6,262)		—		—		—		(6,262)		(716)		(6,978)
Class A Common Stock repurchase	—	—	—	—	—		4,650		(96,092)		—		(96,092)		—		(96,092)
Dividends declared ($0.23 per share)	—	—	—	—		—		—		(44,484)		(44,484)		—		(44,484)
Distributions to noncontrolling interest owners	—	—	—	—	—		—		—		—		—		(5,599)		(5,599)
Adjustment to deferred taxes	—	—	—	—	4,327		—		—		—		4,327		—		4,327
Tax impact of equity transactions	—	—	—	—	(809)		—		—		—		(809)		—		(809)
Net income	—	—	—	—	—		—		—		187,826		187,826		23,446		211,272
Balance, June 30, 2023	214,400	$21	21,827	$2	$1,731,059		26,334		$(425,604)		$329,011		$1,634,489		$175,369		$1,809,858
Balance, December 31, 2023	214,497	$21	21,827	$2	$1,743,930		31,333		$(538,445)		$486,162		$1,691,670		$190,998		$1,882,668
Stock based compensation expense, net of forfeitures	—	—	—	—	8,607		—		—		—		8,607		847		9,454
Changes in ownership interest adjustment	—	—	—	—	29,434		—		—		—		29,434		(29,434)		—
Common stock issued related to stock based compensation and other, net	801	1	—	—	(6,721)		—		—		—		(6,720)		(807)		(7,527)
Class A Common Stock repurchases	—	—	—	—	—		3,350		(78,302)		—		(78,302)		—		(78,302)
Class B Common Stock purchase and cancellation	—	—	(3,000)	—	—		—		—		—		—		(76,740)		(76,740)
Conversion of Class B Common Stock to Class A Common Stock	7,869	1	(7,869)	(1)	—		—		—		—		—		—		—
Dividends declared ($0.26 per share)	—	—	—	—	—		—		—		(47,807)		(47,807)		—		(47,807)
Distributions to noncontrolling interest owners	—	—	—	—	—		—		—		—		—		(6,648)		(6,648)
Adjustment to deferred taxes	—	—	—	—	(2,915)		—		—		—		(2,915)		—		(2,915)
Tax impact of equity transactions	—	—	—	—	43,463		—		—		—		43,463		—		43,463
Net income	—	—	—	—	—		—		—		180,645		180,645		22,065		202,710
Balance, June 30, 2024	223,167	$23	10,958	$1	$1,815,798		34,683		$(616,747)		$619,000		$1,818,075		$100,281		$1,918,356

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.