Quarterly ResultAug 6, 2026, 04:10 PM
Magnolia Oil & Gas Q2 Revenue $478.8M; EPS $0.97
AI Summary
Magnolia Oil & Gas reported strong second-quarter 2026 results with total revenues increasing to $478.8 million and net income attributable to Class A Common Stock rising to $181.8 million, or $0.97 per basic share. For the six months ended June 30, 2026, the company generated $581.6 million in net cash from operating activities and completed $156.2 million in bolt-on property acquisitions. The company also eliminated its noncontrolling interest by acquiring the remaining Magnolia LLC Units and continued its share repurchase program.
Key Highlights
- Q2 2026 total revenues increased to $478.8 million from $319.0 million YoY.
- Q2 2026 net income attributable to Class A Common Stock rose to $181.8 million.
- Q2 2026 basic EPS was $0.97, up from $0.41 in Q2 2025.
- Net cash provided by operating activities for H1 2026 was $581.6 million.
- Completed $156.2 million in bolt-on property acquisitions in H1 2026.
- Repurchased $82.6 million of Class A Common Stock in H1 2026.
- Declared dividends of $0.165 per share for Q2 2026.
- Eliminated noncontrolling interest, now owning 100% of Magnolia LLC.
Price Impact
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