Magnolia Oil & Gas Corp (N:MGY)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: 9 Greenway Plz Ste 1300
HOUSTON TX 77046-0922
Tel: 1-713-8429055
Website: https://www.magnoliaoilgas.com
IR: See website
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Key People
Christopher G. Stavros
President, Chief Executive Officer, Director
Brian M. Corales
Chief Financial Officer, Senior Vice President
Timothy D. Yang
Executive Vice President, General Counsel, Corporate Secretary
Steve F. Millican
Senior Vice President of Operations
   
Business Overview
Magnolia Oil & Gas Corporation is an independent oil and natural gas company, which acquires, develops, explores and produces oil, natural gas and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located primarily in the Karnes and Giddings areas in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. The Company's assets consist of a total leasehold position of 789,719 gross (576,504 net) acres, including 72,503 gross (50,681 net) acres in the Karnes area and 717,216 gross (525,823 net) acres in the Giddings area. The Karnes area consists of oil and natural gas assets primarily located in Karnes, Dimmit, Gonzales, and Zavala Counties, Texas, in the core of the Eagle Ford Shale. The acreage comprising the Karnes area also includes the Austin Chalk formation overlying the Eagle Ford Shale. The Giddings Assets are located in Brazos, Burleson, Fayette, Grimes, Lee, Milam, Robertson and Washington Counties, Texas.
Financial Overview
For the fiscal year ended 31 December 2023, Magnolia Oil & Gas Corp revenues decreased 28% to $1.23B. Net income decreased 57% to $388.3M. Revenues reflect Oil revenues decrease of 17% to $958.4M, Natural gas revenues decrease of 66% to $102.1M. Net income also reflects Depreciation, depletion and amortization increase of 34% to $324.8M (expense), Impairment of oil and natural gas proper increase from $0K to $15.7M (expense).
Employees: 247 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,206M as of Dec 31, 2023
Annual revenue (TTM): $1,227M as of Dec 31, 2023
EBITDA (TTM): $880.01M as of Dec 31, 2023
Net annual income (TTM): $388.30M as of Dec 31, 2023
Free cash flow (TTM): $342.82M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 204,250,194 as of Mar 8, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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