MGY Magnolia Oil & Gas Corp

MIXED Impact: 5/10 8-K
Horizon days Filed May 6, 2026 Processed 17d 6h ago SEC 0001698990-26-000007
8-K Item 2.02: Earnings release
Latest settled — T+5d
MGY ▲ +2.16% at T+5d
NEUTRAL call ✓ call won +2.16% · α vs SPY +0.66% · entry $27.99 → $28.59
Next anchor: T+20d in 11d
Last close $29.24 (close May 22) · +4.48% from $27.99 entry
Entry anchored
May 6, 03:59 PM ET
via Databento tick
T+1d
+0.59%
call +0.59% · α -0.24%
$28.15
settled 17d ago
T+5d
+2.16%
call +2.16% · α +0.66%
$28.59
settled 11d ago
T+20d
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call — · α —
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in 11d
T+60d
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call — · α —
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in 2mo

Price Chart

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Executive Summary

Magnolia Oil & Gas reported Q1 2026 EPS of $0.54, beating the $0.51 Street consensus, on revenue of $358.5M (+2% YoY). Net income declined 5% YoY to $100.8M, but adjusted EBITDAX rose 2% to $252.9M. Production grew 6% YoY to 102.6 Mboed, and the company generated $145.6M in free cash flow, returning 57% to shareholders. FY2026 guidance was reiterated: ~5% production growth and $440-480M capex. The EPS beat and strong free cash flow are positive, but net income contraction and margin compression temper the outlook.

Key Financial Metrics

Free Cash Flow
$145.6M

Actionable Insight

The EPS beat and strong FCF generation are positive, but net income decline and margin compression limit upside. Monitor Q2 2026 production (guided ~105 Mboed) and capex trends. With no consensus for FY2026, focus on commodity price realizations and the impact of bolt-on acquisitions.

Key Facts

  • Q1 2026 EPS of $0.54 vs consensus $0.51 (beat ~5.9%)
  • Net income $100.8M, down 5% YoY from $106.6M
  • Revenue $358.5M, up 2% from $350.3M
  • Adjusted EBITDAX $252.9M, up 2% from $248.4M
  • Free cash flow $145.6M, up 32% from $110.5M
  • Production 102.6 Mboed, up 6% YoY; oil production up 4%
  • FY2026 guidance maintained: ~5% production growth, capex $440-480M
  • Bolt-on acquisitions closed for ~$155M (6,200 net acres)
  • Share repurchases of $51.9M (2M shares); dividend $0.165/quarter
  • Operating income margin 36%, down from 39% in Q1 2025
  • Cash balance $124.4M, down from $247.6M due to acquisitions and buybacks

Financial Impact

EPS beat of ~5.9% vs consensus, FCF up 32% YoY

epsrevenuenet incomefree cash flowproduction

Risk Factors

  • Net income declined 5% YoY despite production growth, signaling margin pressure
  • Cash balance halved to $124.4M due to acquisitions and buybacks; leverage remains low
  • Commodity price volatility and narrowing oil differentials could affect Q2 results
  • Execution risk on bolt-on acquisitions and integration

Market Snapshot

Exchange
NYSE
Sector
Crude Petroleum & Natural Gas
Analyst Consensus
56% bullish (25 analysts)

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001698990-26-000007
Document: mgy_1q26xearningspresent.htm0001698990-26-000007
Document: mgy-20260506.htm0001698990-26-000007
Document: 0001698990-26-000007-index-headers.html0001698990-26-000007
Document: 0001698990-26-000007-index.html0001698990-26-000007
Document: 0001698990-26-000007.txt0001698990-26-000007
8-K Data (Synthetic)0001698990-26-000007
2 reports for MGY
Performance horizon
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Reports for MGY — sortable, filterable
Type Now
May 6, 2026
17d ago
8-K
MIXED ★ 5/10
$27.99 $28.59▲ +2.16%▲ +0.66%$29.24 (+4.48%)
Mar 24, 2026
8w ago
DEFA14A
NEUTRAL ★ 3/10
$31.26 $30.17▼ −3.47%▼ −3.23%$29.24 (−6.45%)
Showing 2 of 2

US Market Status

Market Closed — Opens Tue (35h 12m)

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