Magnolia Oil & Gas Corp

For the period ended Mar 31, 2025. Filed May 1, 2025.

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, 2025 · Filed May 1, 2025

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

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Contents

Consolidated Statements of Operations (unaudited)

(In thousands, except per share data)

	Three Months Ended
	March 31, 2025	March 31, 2024
REVENUES
Oil revenues	$245,534	$259,182
Natural gas revenues	51,367	21,095
Natural gas liquids revenues	53,399	39,140
Total revenues	350,300	319,417
OPERATING EXPENSES
Lease operating expenses	47,075	46,150
Gathering, transportation and processing	14,953	8,537
Taxes other than income	20,105	17,898
Exploration expenses	348	25
Asset retirement obligations accretion	1,556	1,618
Depreciation, depletion and amortization	105,853	97,076
General and administrative expenses	24,588	23,555
Total operating expenses	214,478	194,859
OPERATING INCOME	135,822	124,558
OTHER EXPENSE
Interest expense, net	(5,252)	(2,312)
Other income (expense), net	1,215	(4,313)
Total other expense, net	(4,037)	(6,625)
INCOME BEFORE INCOME TAXES	131,785	117,933
Income tax expense	25,137	20,336
NET INCOME	106,648	97,597
LESS: Net income attributable to noncontrolling interest	3,721	12,511
NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCK	$102,927	$85,086
NET INCOME PER SHARE OF CLASS A COMMON STOCK
Basic	$0.54	$0.46
Diluted	$0.54	$0.46
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic	188,653	182,368
Diluted	188,664	182,424

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.