Magnolia Oil & Gas
Produces oil, natural gas and NGLs from South Texas shale properties.
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Profile
Produces crude oil, natural gas and NGLs from Eagle Ford and Austin Chalk properties in South Texas, selling output at market-linked prices. A single U.S. segment concentrates operations in Karnes and Giddings, where growth comes from drilling and bolt-on acreage acquisitions.
Acquires, develops, explores and produces crude oil, natural gas and natural gas liquids from the Karnes and Giddings areas of South Texas. Operations target the Eagle Ford Shale and Austin Chalk, with Giddings supplying most current output. A pending acquisition of WildFire Energy's nearby assets would more than double the Giddings acreage and add exposure to the Woodbine.
Pairs operated drilling with bolt-on acreage acquisitions and a capital program designed to remain within operating cash flow. Oil contributes most revenue, while all three commodities are sold at market-linked prices to refiners, processors and other third parties. Results depend on commodity prices, well performance, customer concentration, gathering and processing access, lease retention, and federal, state and local rules governing drilling, emissions and environmental remediation.
Company facts
Key statistics
Year to date +16.7% · Average volume (30d) 6.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Johnson Rice | Upgrade | Hold | Accumulate | $32 | |
| Aug 12, 2026 | Wells Fargo | Reiterate | Positive | $31 | $36 | |
| Aug 12, 2026 | KeyBanc | Reiterate | Overweight | $30 | $38 | |
| Aug 11, 2026 | Susquehanna | Reiterate | Positive | $36 | $37 | |
| Jul 28, 2026 | Truist Financial | Target | $32 | $33 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.93 | $0.99 | +6.8% | $458.1M | $478.8M | +4.5% | +4.34% |
| May 6, 2026Q1 FY26 | $0.51 | $0.54 | +5.9% | $349.9M | $358.5M | +2.5% | −1.75% |
| Feb 5, 2026Q4 FY25 | $0.36 | $0.37 | +2.8% | $313.6M | $317.6M | +1.3% | +2.98% |
| Oct 29, 2025Q3 FY25 | $0.41 | $0.41 | 0.0% | $322.2M | $324.9M | +0.9% | −2.57% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $350.3M | $319.0M | $324.9M | $317.6M | $358.5M | $478.8M | |
| Gross profit | $182.4M | $151.8M | $150.0M | $136.2M | $175.6M | $390.4M | |
| Operating income | $135.8M | $107.8M | $101.5M | $94.1M | $127.8M | $239.5M | |
| Net income | $102.9M | $78.1M | $75.5M | $68.8M | $99.8M | $181.8M | |
| Diluted EPS | $0.54 | $0.41 | $0.41 | $0.38 | $0.54 | $0.97 | |
| Gross margin | 52.1% | 47.6% | 46.2% | 42.9% | 49.0% | 81.5% | |
| Operating margin | 38.8% | 33.8% | 31.2% | 29.6% | 35.6% | 50.0% |
Fiscal years (4-quarter sums)FY21 $1.08B · FY22 $1.69B · FY23 $1.23B · FY24 $1.32B · FY25 $1.31B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $295.9M · Total debt $393.6M · Total assets $3.14B · Shareholders' equity $2.15B
Dividends
Raised for 3 straight years — most recently to $0.18 from $0.165 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Sep 1 | $0.18 | raised from $0.165 |
| May 12, 2026 | May 12 | Jun 1 | $0.165 | |
| Feb 10, 2026 | Feb 10 | Mar 2 | $0.165 | raised from $0.15 |
| Nov 10, 2025 | Nov 10 | Dec 1 | $0.15 | |
| Aug 11, 2025 | Aug 11 | Sep 2 | $0.15 | |
| May 12, 2025 | May 12 | Jun 2 | $0.15 | |
| Feb 14, 2025 | Feb 14 | Mar 3 | $0.15 | raised from $0.13 |
| Nov 8, 2024 | Nov 8 | Dec 2 | $0.13 |
Ownership
Shares outstanding 236.97M · Float 234.75M · 99.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 31.97M | 13.49% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 15.34M | 6.47% | 13F | Aug 13, 2026 |
| American Century Companies Inc | 11.01M | 4.65% | 13F | Aug 12, 2026 |
| State Street Corp | 9.94M | 4.20% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 7.66M | 3.23% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | David M. Khani | director | +8,000 | $25.00 |
| Aug 7, 2026 | Ralph Lewis Ropp | director | +5,000 | $24.63 |
| Mar 30, 2026 | Shandell Szabo | director | −11,731 | $31.98 |
| Mar 9, 2026 | Christopher G. Stavros | director, officer: CEO & CHAIRMAN | −119,954 | $29.29 |
| Mar 9, 2026 | Timothy D. Yang | officer: EVP, CHIEF LEGAL & COMM & SEC | −150,000 | $29.29 |
Peers
- EOG Resources
Large Eagle Ford peer with Dorado gas scale.
- ConocoPhillips
Eagle Ford scale benchmark inside Lower 48.
- Crescent Energy
Acquisition-led Eagle Ford consolidator.
- SM Energy
South Texas Eagle Ford and Austin Chalk peer.
- Devon Energy
Multi-basin shale peer with Eagle Ford exposure.
- Murphy Oil
Eagle Ford producer with oil-weighted US exposure.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Magnolia Oil & Gas | $26.25 | +0.02% | $6.22B | 11.4 | 9.1 | 4.2 | +50.1% |
| EOG Resources | $143.49 | +0.12% | $76.35B | 11.2 | 9.5 | 2.9 | +60.5% |
| ConocoPhillips | $129.95 | −0.32% | $158.80B | 17.3 | 13.4 | 2.5 | +39.7% |
| Crescent Energy | $13.76 | +1.77% | $4.47B | — | 6.4 | 1.0 | +55.3% |
| SM Energy | $36.27 | −1.01% | $8.78B | 9.5 | 5.3 | 1.6 | +218.4% |
| Devon Energy | $47.48 | +0.26% | $52.09B | 11.2 | 9.5 | 2.6 | +83.2% |
| Murphy Oil | $35.63 | 0.00% | $5.11B | 17.6 | 14.0 | 1.7 | +35.9% |
| Median | 11.2 | 9.5 | 2.1 | +57.9% |