Quarterly ResultMay 7, 2026, 04:09 PM
Magnolia Oil & Gas Q1 Revenue $358.5M; EPS $0.54; Dividend $0.165
AI Summary
Magnolia Oil & Gas reported Q1 2026 total revenues of $358.5 million, an increase from $350.3 million in Q1 2025. Net income attributable to Class A Common Stock was $99.8 million, down from $102.9 million in the prior year, with basic and diluted EPS remaining flat at $0.54. The company increased its quarterly dividend to $0.165 per share and completed $155.0 million in bolt-on property acquisitions. Additionally, Magnolia eliminated its noncontrolling interest and Class B Common Stock through redemptions and cancellations.
Key Highlights
- Total revenues for Q1 2026 increased to $358.5 million from $350.3 million in Q1 2025.
- Net income attributable to Class A Common Stock was $99.8 million, down from $102.9 million in Q1 2025.
- Basic and diluted EPS remained flat at $0.54 for both Q1 2026 and Q1 2025.
- Quarterly dividend declared increased to $0.165 per share for Q1 2026, up from $0.150.
- Completed $155.0 million in bolt-on property acquisitions during Q1 2026.
- Eliminated noncontrolling interest and Class B Common Stock through redemptions and cancellations.
- Net cash provided by operating activities decreased to $197.6 million from $224.5 million in Q1 2025.
- Cash and cash equivalents decreased to $124.4 million at March 31, 2026, from $266.8 million at December 31, 2025.
Price Impact
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