AcquisitionsNov 5, 2026, 04:08 PM
Magnolia Oil & Gas Completes $3.46B WildFire Acquisition
AI Summary
Magnolia Oil & Gas Corp announced the completion of its WildFire Acquisition for $3.46 billion, significantly expanding its South Texas operations. The company reported a substantial increase in total assets to $7.38 billion as of September 30, 2026, up from $2.90 billion at the end of 2025. Revenues for the nine months ended September 30, 2026, surged to $1.35 billion, a 36% increase year-over-year, with net income attributable to Class A common stock reaching $362 million. The acquisition was financed through a combination of cash, stock, and the assumption of $600 million in WildFire Senior Notes, leading to a significant increase in long-term debt.
Key Highlights
- Magnolia Oil & Gas Corp completed the WildFire Acquisition for $3.46B, consisting of $2.57B cash and $892M in stock.
- The acquisition significantly increased Magnolia's assets, with oil and natural gas properties valued at $4.33B.
- Total assets grew from $2.90B in Dec 2025 to $7.38B in Sep 2026, driven by the WildFire acquisition.
- Long-term debt increased substantially from $393M to $1.94B, partly due to assumed WildFire Senior Notes.
- Revenues for the nine months ended Sep 30, 2026, were $1.35B, a 36% increase from $994M in the prior year.
- Net income attributable to Class A common stock rose to $362M for the nine months ended Sep 30, 2026, from $256M in 2025.
- Cash provided by operating activities increased to $951M for the nine months ended Sep 30, 2026, up from $670M in 2025.
Price Impact
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