Magnolia Oil & Gas Corp

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.

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.