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: N/A
Website: https://www.tpg.com/pace-energy
IR: See website
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Key People
Stephen I. Chazen
Chairman of the Board, President, Chief Executive Officer
Christopher G. Stavros
Chief Financial Officer, Executive 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 engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located primarily in Karnes County and the Giddings area in South Texas where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its operations are conducted primarily in one geographic area of the United States. The Company's assets in South Texas includes approximately 42,972 gross (23,513 net) acres in the Karnes area, and approximately 652,113 gross (452,496 net) acres in the Giddings area. The Karnes County Assets are located in Karnes, Gonzales, DeWitt, and Atascosa Counties, Texas, in the core of the Eagle Ford Shale. The Giddings Assets are located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas.
Financial Overview
For the nine months ended 30 September 2021,Magnolia Oil & Gas Corp revenues increased 93% to $742M.Net income totaled $267.1M vs. loss of $1.24B. Revenuesreflect Oil Equivalent Production (Units/day) - increase of4% to 65K barrels per day, Oil revenues increase of 70% to$529.6M, Natural gas liquids revenues increase from $29.9Mto $102.1M. Net Income reflects Exploration & DevelopmentCosts - Total decrease of 100% to $2.4M.
Employees: 136 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $4,492M as of Sep 30, 2021
Annual revenue (TTM): $891.20M as of Sep 30, 2021
EBITDA (TTM): $644.87M as of Sep 30, 2021
Net annual income (TTM): $294.80M as of Sep 30, 2021
Free cash flow (TTM): $403.78M as of Sep 30, 2021
Net Debt Last Fiscal Year: $142.51M as of Sep 30, 2021
Shares outstanding: 231,094,076 as of Oct 28, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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