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 |
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 |