Magnolia Oil & Gas Corp

For the period ended Sep 30, 2024. Filed Oct 31, 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.

Sep 30, 2024 · Filed Oct 31, 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 September 30, 2023 · Shares · Value · Shares · Value · Shares · Value
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
Stock based compensation expense, net of forfeitures	—	—	—	—	3,758	—	—	—	3,758	439	4,197
Changes in ownership interest adjustment	—	—	—	—	3,914	—	—	—	3,914	(3,914)	—
Common stock issued related to stock based compensation, net	15	—	—	—	(112)	—	—	—	(112)	(13)	(125)
Class A Common Stock repurchase	—	—	—	—	—	2,499	(56,768)	—	(56,768)	—	(56,768)
Dividends declared ($0.115 per share)	—	—	—	—	—	—	—	(21,811)	(21,811)	—	(21,811)
Distributions to noncontrolling interest owners	—	—	—	—	—	—	—	—	—	(4,347)	(4,347)
Adjustment to deferred taxes	—	—	—	—	(760)	—	—	—	(760)	—	(760)
Tax impact of equity transactions	—	—	—	—	809	—	(1,373)	—	(564)	—	(564)
Net income	—	—	—	—	—	—	—	102,030	102,030	15,447	117,477
Balance, September 30, 2023	214,415	$21	21,827	$2	$1,738,668	28,833	$(483,745)	$409,230	$1,664,176	$182,981	$1,847,157
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
Stock based compensation expense, net of forfeitures	—	—	—	—	4,487	—	—	—	4,487	220	4,707
Changes in ownership interest adjustment	—	—	—	—	39,667	—	—	—	39,667	(39,667)	—
Common stock issued related to stock based compensation and other, net	15	—	—	—	(140)	—	—	—	(140)	(7)	(147)
Class A Common Stock repurchases	—	—	—	—	—	1,950	(48,725)	—	(48,725)	—	(48,725)
Class B Common Stock purchase and cancellation	—	—	(500)	—	—	—	—	—	—	(12,930)	(12,930)
Conversion of Class B Common Stock to Class A Common Stock	4,935	—	(4,935)	—	—	—	—	—	—	—	—
Dividends declared ($0.13 per share)	—	—	—	—	—	—	—	(24,694)	(24,694)	—	(24,694)
Distributions to noncontrolling interest owners	—	—	—	—	—	—	—	—	—	(1,542)	(1,542)
Adjustment to deferred taxes	—	—	—	—	(7,918)	—	—	—	(7,918)	—	(7,918)
Tax impact of equity transactions	—	—	—	—	27,553	—	—	—	27,553	—	27,553
Net income	—	—	—	—	—	—	—	99,784	99,784	6,128	105,912
Balance, September 30, 2024	228,117	$23	5,523	$1	$1,879,447	36,633	$(665,472)	$694,090	$1,908,089	$52,483	$1,960,572

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 Nine Months Ended September 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	—	—	—	—	10,811		—		—		—		10,811		1,249		12,060
Changes in ownership interest adjustment	—	—	—	—	10,789		—		—		—		10,789		(10,622)		167
Common stock issued related to stock based compensation, net	688	—	—	—	(6,374)		—		—		—		(6,374)		(729)		(7,103)
Class A Common Stock repurchase	—	—	—	—	—		7,149		(152,860)		—		(152,860)		—		(152,860)
Dividends declared ($0.345 per share)	—	—	—	—		—		—		(66,295)		(66,295)		—		(66,295)
Distributions to noncontrolling interest owners	—	—	—	—	—		—		—		—		—		(9,946)		(9,946)
Adjustment to deferred taxes	—	—	—	—	3,567		—		—		—		3,567		—		3,567
Tax impact of equity transactions	—	—	—	—	—		—		(1,373)		—		(1,373)		—		(1,373)
Net income	—	—	—	—	—		—		—		289,856		289,856		38,893		328,749
Balance, September 30, 2023	214,415	$21	21,827	$2	$1,738,668		28,833		$(483,745)		$409,230		$1,664,176		$182,981		$1,847,157
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	—	—	—	—	13,095		—		—		—		13,095		1,066		14,161
Changes in ownership interest adjustment	—	—	—	—	69,101		—		—		—		69,101		(69,101)		—
Common stock issued related to stock based compensation and other, net	816	1	—	—	(6,861)		—		—		—		(6,860)		(813)		(7,673)
Class A Common Stock repurchases	—	—	—	—	—		5,300		(127,027)		—		(127,027)		—		(127,027)
Class B Common Stock purchase and cancellation	—	—	(3,500)	—	—		—		—		—		—		(89,670)		(89,670)
Conversion of Class B Common Stock to Class A Common Stock	12,804	1	(12,804)	(1)	—		—		—		—		—		—		—
Dividends declared ($0.39 per share)	—	—	—	—	—		—		—		(72,501)		(72,501)		—		(72,501)
Distributions to noncontrolling interest owners	—	—	—	—	—		—		—		—		—		(8,190)		(8,190)
Adjustment to deferred taxes	—	—	—	—	(10,834)		—		—		—		(10,834)		—		(10,834)
Tax impact of equity transactions	—	—	—	—	71,016		—		—		—		71,016		—		71,016
Net income	—	—	—	—	—		—		—		280,429		280,429		28,193		308,622
Balance, September 30, 2024	228,117	$23	5,523	$1	$1,879,447		36,633		$(665,472)		$694,090		$1,908,089		$52,483		$1,960,572

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.