Quarterly ResultMay 6, 2026, 04:08 PM
Magnolia Q1 Net Income $100.8M; Production +6%; Acquires $155M Assets
AI Summary
Magnolia Oil & Gas reported first quarter 2026 net income of $100.8 million, a 5% decrease year-over-year, with diluted EPS remaining flat at $0.54. Total production volumes increased by 6% to 102.6 Mboe/d, while adjusted EBITDAX grew 2% to $252.9 million. The company also completed $155 million in bolt-on acquisitions, adding 6,200 net acres and approximately 500 boe/d, and returned $83.3 million to shareholders through dividends and share repurchases.
Key Highlights
- Net income for Q1 2026 was $100.8 million, a 5% decrease from Q1 2025.
- Diluted earnings per share remained flat at $0.54 compared to the prior year.
- Total production volumes increased 6% year-over-year to 102.6 Mboe/d.
- Adjusted EBITDAX rose 2% to $252.9 million, with D&C capital at 51% of EBITDAX.
- Closed $155 million in bolt-on acquisitions, adding 6,200 net acres and ~500 boe/d.
- Repurchased 2.0 million shares for $51.9 million and declared a $0.165 cash dividend.
- Generated $145.6 million in free cash flow, returning 57% to shareholders.
- Reiterated full-year 2026 production growth guidance of approximately 5%.