AcquisitionsJul 20, 2026, 04:12 PM
Magnolia Details $4.1B WildFire Acquisition, Preliminary Q2 2026 Estimates
AI Summary
Magnolia Oil & Gas provided updated disclosures and financial information related to its previously announced acquisition of WildFire Intermediate Holdings, LLC. The acquisition is valued at approximately $4.1 billion, comprising 32.2 million Magnolia shares, $2.7 billion in cash, and the assumption of $600 million of WildFire's debt. The filing includes WildFire's financial statements, pro forma combined financials, and reserve reports. Magnolia also released preliminary Q2 2026 estimates, including production and capital expenditures for both companies.
Key Highlights
- Acquisition of WildFire Intermediate Holdings valued at approximately $4.1 billion.
- Consideration includes 32.2 million Magnolia shares, $2.7 billion cash, and $600 million assumed debt.
- WildFire's Q2 2026 expected production: 53 MBoe/d (70% oil).
- WildFire's Total Proved Reserves (Dec 31, 2025): 271.2 MMBoe (196.5 MMBbls oil).
- Magnolia's preliminary Q2 2026 production: 106 MBoe/d (40% oil).
- Magnolia's preliminary Q2 2026 capital expenditures: $125 million.
- WildFire's preliminary Q2 2026 capital expenditures: $110-$120 million.
- Magnolia's cash and cash equivalents (June 30, 2026): $295.9 million.
Price Impact
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