Skip to content
Screener

Magnolia Oil & Gas Corporation MGY Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$478.8MBeat by $20.7M
EPS$0.99Beat by $0.06
Revenue estimate$458.1M
EPS estimate$0.93
“Our second quarter results continue to underscore the strength of Magnolia's differentiated business model and the quality of our asset base. The consistent capital allocation discipline, operational execution and continued focus on our financial returns, helped generate meaningful free cash flow totaling $235 million during the second quarter. Our adjusted EBITDAX during the quarter was $370 million, and with capital for drilling and completions of approximately $125 million, our reinvestment rate for the quarter was just 34 percent. Stronger than expected overall oil and gas production totaling 106.1 thousand barrels of oil equivalent per day and oil production of 41.9 thousand barrels of oil per day further supported our quarterly financial results and enabled us to increase Magnolia's standalone full-year 2026 production growth guidance to 6 percent from 5 percent.”
Magnolia's Chairman

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$410.8M
EPS estimate$0.56

Financials

Q2 2026

Income statement

See full
Revenue$478.8M+50.1%
Operating income$239.5M+122%
Net income$181.8M+133%
EPS (diluted)$0.97+137%

Balance sheet

See full
Cash & equivalents$295.9M+17.5%
Total debt$413.1M+0.4%
Total assets$3.1B+9.8%

Cash flow

See full
Operating cash flow$384.0M+93.3%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$7.03B+53.6%
Enterprise value$7.14B+50.9%
P/E16.5×+4.0×
P/S4.8×+1.3×

Profitability

See full
Operating margin38%+0.7pp
Net margin28.8%+1.2pp

Returns & leverage

See full
Current ratio1.6×+0.1×

Segments

By product

See full
Oil revenues$373.8M+65.1%
Natural gas liquids revenues$65.4M+31.3%
Natural gas revenues$39.7M-7.4%

FAQ

When did Magnolia Oil & Gas Corporation report Q2 2026 earnings?
Magnolia Oil & Gas Corporation (MGY) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Magnolia Oil & Gas Corporation's Q2 2026 revenue and EPS?
Magnolia Oil & Gas Corporation reported revenue of $478.8M and eps of $0.99 for Q2 2026.
Did Magnolia Oil & Gas Corporation beat estimates in Q2 2026?
Revenue beat the consensus estimate of $458.1M by $20.7M. EPS beat the consensus estimate of $0.93 by $0.06.
How did Magnolia Oil & Gas Corporation's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 50.1% from $319.0M a year earlier and eps grew 130.2% from $0.43.
Where can I find Magnolia Oil & Gas Corporation's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001698990-26-000016) and the 10-Q periodic report (0001698990-26-000019) directly on SEC EDGAR. The filing index links above go to sec.gov.