Magnolia Oil & Gas Corp
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
View on SEC.govAbout 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$22.97+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations (unaudited)
(In thousands, except per share data)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |
| REVENUES | ||||
| Oil revenues | $275,331 | $223,147 | $534,514 | $462,269 |
| Natural gas revenues | 18,569 | 20,847 | 39,664 | 48,619 |
| Natural gas liquids revenues | 42,825 | 36,297 | 81,964 | 77,786 |
| Total revenues | 336,725 | 280,291 | 656,142 | 588,674 |
| OPERATING EXPENSES | ||||
| Lease operating expenses | 44,350 | 36,796 | 90,500 | 79,167 |
| Gathering, transportation and processing | 8,455 | 10,389 | 16,992 | 23,121 |
| Taxes other than income | 19,844 | 15,216 | 37,742 | 34,508 |
| Exploration expenses | 402 | — | 427 | 11 |
| Asset retirement obligations accretion | 1,745 | 823 | 3,363 | 1,664 |
| Depreciation, depletion and amortization | 104,743 | 77,008 | 201,819 | 147,710 |
| Impairment of oil and natural gas properties | — | — | — | 15,735 |
| General and administrative expenses | 22,835 | 18,726 | 46,390 | 38,492 |
| Total operating expenses | 202,374 | 158,958 | 397,233 | 340,408 |
| OPERATING INCOME | 134,351 | 121,333 | 258,909 | 248,266 |
| OTHER INCOME (EXPENSE) | ||||
| Interest expense, net | (3,516) | (1,149) | (5,828) | (662) |
| Other income (expense), net | 1,047 | 9,259 | (3,267) | 8,120 |
| Total other income (expense), net | (2,469) | 8,110 | (9,095) | 7,458 |
| INCOME BEFORE INCOME TAXES | 131,882 | 129,443 | 249,814 | 255,724 |
| Income tax expense | 26,769 | 24,847 | 47,104 | 44,452 |
| NET INCOME | 105,113 | 104,596 | 202,710 | 211,272 |
| LESS: Net income attributable to noncontrolling interest | 9,554 | 13,104 | 22,065 | 23,446 |
| NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCK | $95,559 | $91,492 | $180,645 | $187,826 |
| NET INCOME PER SHARE OF CLASS A COMMON STOCK | ||||
| Basic | $0.51 | $0.48 | $0.97 | $0.97 |
| Diluted | $0.51 | $0.48 | $0.97 | $0.97 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | ||||
| Basic | 184,937 | 189,402 | 183,652 | 190,584 |
| Diluted | 184,965 | 189,567 | 183,694 | 190,875 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.