Magnolia Oil & Gas Corp
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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.
Sep 30, 2025 · Filed Oct 30, 2025
MGY$23.67+0.6%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets
Consolidated Balance Sheets
(In thousands)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | (Unaudited) | (Audited) |
| CURRENT ASSETS | ||
| Cash and cash equivalents | $280,485 | $260,049 |
| Accounts receivable | 187,472 | 147,901 |
| Drilling advances | 14 | 2,275 |
| Other current assets | 1,518 | 599 |
| Total current assets | 469,489 | 410,824 |
| PROPERTY, PLANT AND EQUIPMENT | ||
| Oil and natural gas properties | 4,833,995 | 4,403,210 |
| Other | 20,488 | 18,716 |
| Accumulated depreciation, depletion and amortization | (2,439,519) | (2,115,892) |
| Total property, plant and equipment, net | 2,414,964 | 2,306,034 |
| OTHER ASSETS | ||
| Deferred financing costs, net | 5,939 | 7,022 |
| Deferred tax assets | 3,170 | 77,637 |
| Other long-term assets | 30,022 | 19,318 |
| Total other assets | 39,131 | 103,977 |
| TOTAL ASSETS | $2,923,584 | $2,820,835 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $181,200 | $181,073 |
| Other current liabilities (Note 6) | 137,729 | 109,188 |
| Total current liabilities | 318,929 | 290,261 |
| LONG-TERM LIABILITIES | ||
| Long-term debt, net | 393,064 | 392,513 |
| Asset retirement obligations, net of current | 184,349 | 161,295 |
| Other long-term liabilities | 20,827 | 9,440 |
| Total long-term liabilities | 598,240 | 563,248 |
| COMMITMENTS AND CONTINGENCIES (Note 8) | ||
| EQUITY | ||
| Class A Common Stock, $0.0001 par value, 1,300,000 shares authorized, 228,894 shares issued and 183,576 shares outstanding in 2025 and 228,164 shares issued and 189,356 shares outstanding in 2024 | 23 | 23 |
| Class B Common Stock, $0.0001 par value, 225,000 shares authorized, 5,523 shares issued and outstanding in 2025 and 2024 | 1 | 1 |
| Additional paid-in capital | 1,897,184 | 1,880,243 |
| Treasury Stock, at cost, 45,318 shares and 38,808 shares in 2025 and 2024, respectively | (874,713) | (721,279) |
| Retained earnings | 925,749 | 754,591 |
| Noncontrolling interest | 58,171 | 53,747 |
| Total equity | 2,006,415 | 1,967,326 |
| TOTAL LIABILITIES AND EQUITY | $2,923,584 | $2,820,835 |
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