Magnolia Oil & Gas Corporation (MGY) 10-Year Financial Performance & Capital Metrics

MGY • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&POther Shale Play Operators

AboutMagnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2021, the company's assets consisted of a total leasehold position of 4,71,263 net acres, including 23,785 net acres in Karnes and 4,47,478 net acres in the Giddings area, as well as holds 1,292 net wells with a total production capacity of 66.0 thousand barrels of oil equivalent per day. The company was incorporated in 2017 and is headquartered in Houston, Texas.Show more

Revenue $1.32B +7.2%
EBITDA $926M +7.8%
Net Income $366M -5.7%
EPS (Diluted) 1.94 -4.9%
Gross Margin 51.73% -9.6%
EBITDA Margin 70.41% +0.5%
Operating Margin 38.91% -10.7%
Net Margin 27.82% -12.1%
ROE 19.01% -11.3%
ROIC 19.24% -20.1%
Debt/Equity 0.21
Interest Coverage 35.63 -99.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.9%
✓Strong 5Y profit CAGR of 48.8%
✓FCF machine: 32.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.3%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y6.91%

3Y6.86%

TTM0.68%

Profit (Net Income) CAGR

10Y-

5Y48.79%

3Y-4.27%

TTM-9.71%

EPS CAGR

10Y-

5Y47.27%

3Y-6.32%

TTM-10.45%

ROCE

10Y Avg8.77%

5Y Avg11.88%

3Y Avg33.53%

Latest20.6%

Peer Comparison

Other Shale Play Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MGYMagnolia Oil & Gas Corporation	4.12B	22.49	11.59	7.25%	25.9%	17.05%	10.48%	0.21
KGEIKolibri Global Energy Inc.	126.93M	3.59	7.04	15.84%	24.74%	8.88%	6.02%	0.18
REPXRiley Exploration Permian, Inc.	616.01M	28.04	6.58	9.37%	21.73%	15.25%	18.89%	0.54
MNRMach Natural Resources LP	1.85B	11.01	5.79	27.2%	28.51%	14.85%	15.37%	0.64
CHRDChord Energy Corporation	5.23B	91.94	5.74	34.76%	3.31%	2.11%	17.56%	0.12
CIVICivitas Resources, Inc.	2.27B	26.55	3.14	49.76%	13.56%	9.55%	39.44%	0.68
REIRing Energy, Inc.	201.01M	0.97	2.85	1.46%	-5.01%	-1.91%	18.95%	0.45
PEDPEDEVCO Corp.	51.29M	0.54	2.69	28.49%	28.75%	8.29%	24.56%	0.00

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	110.93M	403.19M	1.04B	942.16M	541.3M	1.08B	1.69B	1.23B	1.32B
Revenue Growth %	-	2.63%	1.58%	-0.09%	-0.43%	0.99%	0.57%	-0.28%	0.07%
Cost of Goods Sold+	44.76M	157.23M	108.48M	631.87M	412.49M	335.59M	439.42M	524.61M	635.2M
COGS % of Revenue	0.4%	0.39%	0.1%	0.67%	0.76%	0.31%	0.26%	0.43%	0.48%
Gross Profit+	66.17M	245.96M	931.25M	310.29M	128.81M	742.76M	1.26B	702.37M	680.69M
Gross Margin %	0.6%	0.61%	0.9%	0.33%	0.24%	0.69%	0.74%	0.57%	0.52%
Gross Profit Growth %	-	2.72%	2.79%	-0.67%	-0.58%	4.77%	0.69%	-0.44%	-0.03%
Operating Expenses+	37.31M	1.15M	657.75M	182.35M	2.05B	140.17M	181.29M	167.89M	168.7M
OpEx % of Revenue	0.34%	0%	0.63%	0.19%	3.8%	0.13%	0.11%	0.14%	0.13%
Selling, General & Admin	12.16M	980.83K	97.64M	69.43M	68.92M	75.28M	72.43M	77.1M	88.73M
SG&A % of Revenue	0.11%	0%	0.09%	0.07%	0.13%	0.07%	0.04%	0.06%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	25.15M	166.48K	560.11M	112.92M	1.99B	64.89M	108.86M	90.78M	79.97M
Operating Income+	28.86M	-1.15M	273.5M	127.5M	-1.93B	602.59M	1.07B	534.49M	511.99M
Operating Margin %	0.26%	-0%	0.26%	0.14%	-3.56%	0.56%	0.63%	0.44%	0.39%
Operating Income Growth %	-	-1.04%	239.38%	-0.53%	-16.1%	1.31%	0.78%	-0.5%	-0.04%
EBITDA+	61.98M	0	718.94M	665.58M	-1.63B	799.63M	1.32B	859.27M	926.48M
EBITDA Margin %	0.56%	-	0.69%	0.71%	-3.01%	0.74%	0.78%	0.7%	0.7%
EBITDA Growth %	-	-1%	-	-0.07%	-3.45%	1.49%	0.65%	-0.35%	0.08%
D&A (Non-Cash Add-back)	33.12M	1.15M	445.44M	538.08M	297.86M	197.03M	243.15M	324.79M	414.49M
EBIT	22.14M	-1.15M	332.56M	128.12M	-1.92B	599.57M	1.08B	549.85M	507.51M
Net Interest Income+	0	0	-29.89M	-28.36M	-28.7M	-31M	-23.44M	-33K	-14.37M
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	29.89M	28.36M	28.7M	31M	23.44M	33K	14.37M
Other Income/Expense	-6.71M	3.98M	-48.13M	-27.74M	-22.66M	-34.03M	-16.9M	15.33M	-18.84M
Pretax Income+	22.14M	2.83M	225.37M	99.77M	-1.95B	568.57M	1.06B	549.81M	493.14M
Pretax Margin %	0.2%	0.01%	0.22%	0.11%	-3.6%	0.53%	0.62%	0.45%	0.37%
Income Tax+	673K	1.16M	27.49M	14.76M	-79.34M	8.85M	6.64M	107.21M	95.81M
Effective Tax Rate %	0.97%	0.59%	0.42%	0.5%	0.62%	0.73%	0.85%	0.71%	0.74%
Net Income+	21.47M	1.67M	93.83M	50.2M	-1.21B	417.28M	893.84M	388.3M	366.03M
Net Margin %	0.19%	0%	0.09%	0.05%	-2.23%	0.39%	0.53%	0.32%	0.28%
Net Income Growth %	-	-0.92%	55.13%	-0.47%	-25.07%	1.35%	1.14%	-0.57%	-0.06%
Net Income (Continuing)	21.47M	1.67M	197.88M	85M	-1.87B	559.72M	1.05B	442.6M	397.33M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	1.03B	952.48M	291.26M	228.49M	164.14M	191M	53.75M
EPS (Diluted)+	0.29	2.20	0.60	0.28	-7.27	2.36	4.71	2.04	1.94
EPS Growth %	-	6.59%	-0.73%	-0.53%	-26.96%	1.32%	1%	-0.57%	-0.05%
EPS (Basic)	0.29	2.20	1.65	0.29	-7.27	2.38	4.73	2.04	1.94
Diluted Shares Outstanding	75M	81.25M	158.57M	167.05M	166.27M	175.36M	187.9M	188.35M	186.49M
Basic Shares Outstanding	75M	81.25M	156.3M	161.89M	166.27M	174.36M	187.43M	188.17M	186.47M
Dividend Payout Ratio	-	-	-	-	-	0.03%	0.08%	0.23%	0.27%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.9M	114.54M	292.36M	293.22M	281.53M	517.92M	850.75M	591.27M	410.82M
Cash & Short-Term Investments	1.78M	0	135.76M	182.63M	192.56M	366.98M	675.44M	401.12M	260.05M
Cash Only	1.78M	0	135.76M	182.63M	192.56M	366.98M	675.44M	401.12M	260.05M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	114.2M	140.28M	105.78M	81.56M	149.77M	170.77M	189.71M	147.9M
Days Sales Outstanding	-	103.39	49.25	40.98	55	50.69	36.78	56.43	41.02
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	127K	332K	4.06M	4.51M	3.6M	552K	1.05M	435K	599K
Total Non-Current Assets+	650M	1.57B	3.14B	3.17B	1.17B	1.23B	1.72B	2.16B	2.41B
Property, Plant & Equipment	0	1.57B	3.07B	3.12B	1.15B	1.22B	1.53B	2.05B	2.31B
Fixed Asset Turnover	-	0.26x	0.34x	0.30x	0.47x	0.89x	1.11x	0.60x	0.57x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	38.36M	23.85M	9.35M	0	0	0	0
Long-Term Investments	650M	8.9M	18.87M	19.73M	0	0	0	0	0
Other Non-Current Assets	0	-104.57K	10.73M	12.85M	13.02M	12.74M	26.02M	22.56M	26.34M
Total Assets+	651.9M	1.69B	3.43B	3.47B	1.45B	1.75B	2.57B	2.76B	2.82B
Asset Turnover	0.17x	0.24x	0.30x	0.27x	0.37x	0.62x	0.66x	0.45x	0.47x
Asset Growth %	-	1.59%	1.03%	0.01%	-0.58%	0.2%	0.47%	0.07%	0.02%
Total Current Liabilities+	1.37M	81.3M	197.36M	175.21M	128.95M	218.54M	340.27M	314.89M	290.26M
Accounts Payable	0	0	76.3M	79.43M	62.63M	127.91M	202.85M	193.21M	181.07M
Days Payables Outstanding	-	-	256.74	45.88	55.42	139.12	168.49	134.43	104.05
Short-Term Debt	0	0	0	0	0	0	0	0	12.21M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.37M	79.5M	42.81M	26.56M	49.95M	60.7M	69.5M	87.54M	65.23M
Current Ratio	1.39x	1.41x	1.48x	1.67x	2.18x	2.37x	2.50x	1.88x	1.42x
Quick Ratio	1.39x	1.41x	1.48x	1.67x	2.18x	2.37x	2.50x	1.88x	1.42x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	22.75M	9.84M	528.21M	562.67M	485.05M	482.95M	492.12M	558.66M	563.25M
Long-Term Debt	0	0	388.63M	389.83M	391.12M	388.09M	390.38M	392.84M	392.51M
Capital Lease Obligations	0	0	0	0	0	0	0	0	5.59M
Deferred Tax Liabilities	0	2.72M	54.59M	77.83M	0	0	0	0	0
Other Non-Current Liabilities	0	7.11M	84.98M	95M	93.93M	94.86M	101.74M	165.82M	165.14M
Total Liabilities	24.12M	91.14M	725.57M	737.88M	614M	701.49M	832.39M	873.55M	853.51M
Total Debt+	0	0	388.63M	389.83M	391.12M	388.09M	390.38M	392.84M	410.31M
Net Debt	0	0	252.88M	207.2M	198.55M	21.11M	-285.06M	-8.28M	150.26M
Debt / Equity	-	-	0.14x	0.14x	0.47x	0.37x	0.22x	0.21x	0.21x
Debt / EBITDA	-	-	0.54x	0.59x	-	0.49x	0.30x	0.46x	0.44x
Net Debt / EBITDA	-	-	0.35x	0.31x	-	0.03x	-0.22x	-0.01x	0.16x
Interest Coverage	-	-	9.15x	4.50x	-67.10x	19.44x	45.81x	16196.52x	35.63x
Total Equity+	627.79M	1.6B	2.71B	2.73B	839.42M	1.05B	1.74B	1.88B	1.97B
Equity Growth %	-	1.55%	0.69%	0.01%	-0.69%	0.25%	0.66%	0.08%	0.04%
Book Value per Share	8.37	19.67	17.08	16.33	5.05	5.96	9.26	10.00	10.55
Total Shareholders' Equity	627.79M	1.6B	1.68B	1.78B	548.16M	816.76M	1.58B	1.69B	1.91B
Common Stock	622.79M	0	25K	26K	26K	24K	23K	23K	24K
Retained Earnings	-64.92K	0	35.51M	82.94M	-1.13B	-708.17M	185.67M	486.16M	754.59M
Treasury Stock	0	0	0	-10.28M	-38.96M	-164.6M	-329.51M	-538.45M	-721.28M
Accumulated OCI	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	1.03B	952.48M	291.26M	228.49M	164.14M	191M	53.75M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	30.46M	257.37M	590.28M	647.62M	310.12M	788.48M	1.3B	855.79M	920.85M
Operating CF Margin %	0.27%	0.64%	0.57%	0.69%	0.57%	0.73%	0.77%	0.7%	0.7%
Operating CF Growth %	-	7.45%	1.29%	0.1%	-0.52%	1.54%	0.64%	-0.34%	0.08%
Net Income	21.47M	178.87M	257.65M	85M	-1.87B	559.72M	1.05B	383.96M	397.33M
Depreciation & Amortization	33.12M	129.71M	323.58M	538.08M	297.86M	197.03M	243.15M	324.79M	414.49M
Stock-Based Compensation	0	0	4.44M	11.09M	10.03M	11.74M	13.31M	16.17M	18.66M
Deferred Taxes	615K	2.05M	12.45M	14.26M	-77.83M	277K	-65.72M	75.36M	70.27M
Other Non-Cash Items	-3.08M	-1.26M	743.16M	9.53M	1.95B	10.02M	9.65M	71.36M	18.59M
Working Capital Changes	-28.39M	-60.49M	-56.35M	-10.34M	524K	9.69M	46.04M	-15.84M	1.5M
Change in Receivables	-20.36M	-70.82M	-112.02M	7.95M	24.22M	-68.21M	-21M	-19.4M	36.71M
Change in Inventory	0	0	0	12.32M	-5.96M	10.96M	0	0	0
Change in Payables	0	10.52M	68.97M	-6.83M	-16.96M	65.28M	74.94M	-9.21M	-18.39M
Cash from Investing+	-1.25B	-314.42M	-1.23B	-524.25M	-269.99M	-243.44M	-518.89M	-814.9M	-655.12M
Capital Expenditures	-25.96M	-247.43M	-338.93M	-435.04M	-222.21M	-236.43M	-465.14M	-424.89M	-489.11M
CapEx % of Revenue	0.23%	0.61%	0.33%	0.46%	0.41%	0.22%	0.27%	0.35%	0.37%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	-709.09M	629.73M	-242K	-1.15M	11.33M	36.38M	-34.51M	-166.01M
Cash from Financing+	1.22B	709.76M	770.55M	-76.5M	-30.2M	-370.61M	-469.34M	-315.21M	-406.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-14.13M	-75.2M	-88.08M	-97.62M
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	652.72M	38.88M	2.87M	-1.52M	-59.17M	-41.96M	-21.81M	-32.13M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.5M	9.95M	251.35M	212.58M	87.91M	552.05M	831.55M	430.9M	431.74M
FCF Margin %	0.04%	0.02%	0.24%	0.23%	0.16%	0.51%	0.49%	0.35%	0.33%
FCF Growth %	-	1.21%	24.27%	-0.15%	-0.59%	5.28%	0.51%	-0.48%	0%
FCF per Share	0.06	0.12	1.59	1.27	0.53	3.15	4.43	2.29	2.32
FCF Conversion (FCF/Net Income)	1.42x	153.98x	6.29x	12.90x	-0.26x	1.89x	1.45x	2.20x	2.52x
Interest Paid	0	0	0	26.23M	0	26.93M	26.65M	26.35M	33.97M
Taxes Paid	0	43K	0	390K	0	3.16M	72.23M	38.83M	23.1M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.42%	0.15%	4.36%	1.85%	-67.74%	44.28%	64.18%	21.44%	19.01%
Return on Invested Capital (ROIC)	3.46%	-0.08%	9%	3.24%	-72.69%	42.95%	63.88%	24.08%	19.24%
Gross Margin	59.65%	61%	89.57%	32.93%	23.8%	68.88%	74.07%	57.24%	51.73%
Net Margin	19.36%	0.41%	9.02%	5.33%	-223.24%	38.7%	52.75%	31.65%	27.82%
Debt / Equity	-	-	0.14x	0.14x	0.47x	0.37x	0.22x	0.21x	0.21x
Interest Coverage	-	-	9.15x	4.50x	-67.10x	19.44x	45.81x	16196.52x	35.63x
FCF Conversion	1.42x	153.98x	6.29x	12.90x	-0.26x	1.89x	1.45x	2.20x	2.52x
Revenue Growth	-	263.48%	157.87%	-9.38%	-42.55%	99.21%	57.14%	-27.59%	7.25%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Oil and Condensate	771.98M	417.89M	747.9M	1.16B	958.39M	1.05B
Oil and Condensate Growth	-	-45.87%	78.97%	54.84%	-17.24%	9.21%
Natural Gas	93.75M	67.25M	172.65M	301.49M	102.05M	90.28M
Natural Gas Growth	-	-28.26%	156.73%	74.63%	-66.15%	-11.54%
Natural Gas Liquids	70.42M	49.37M	157.81M	234.99M	166.54M	-
Natural Gas Liquids Growth	-	-29.89%	219.66%	48.91%	-29.13%	-

Frequently Asked Questions

Valuation & Price

Magnolia Oil & Gas Corporation (MGY) has a price-to-earnings (P/E) ratio of 11.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Magnolia Oil & Gas Corporation (MGY) reported $1.32B in revenue for fiscal year 2024. This represents a 1091% increase from $110.9M in 2016.

Magnolia Oil & Gas Corporation (MGY) grew revenue by 7.2% over the past year. This is steady growth.

Yes, Magnolia Oil & Gas Corporation (MGY) is profitable, generating $342.1M in net income for fiscal year 2024 (27.8% net margin).

Dividend & Returns

Yes, Magnolia Oil & Gas Corporation (MGY) pays a dividend with a yield of 2.33%. This makes it attractive for income-focused investors.

Magnolia Oil & Gas Corporation (MGY) has a return on equity (ROE) of 19.0%. This is reasonable for most industries.

Magnolia Oil & Gas Corporation (MGY) generated $407.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Magnolia Oil & Gas Corporation (MGY) 10-Year Financial Performance & Capital Metrics

MGY • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&POther Shale Play Operators

Revenue $1.32B +7.2%
EBITDA $926M +7.8%
Net Income $366M -5.7%
EPS (Diluted) 1.94 -4.9%
Gross Margin 51.73% -9.6%
EBITDA Margin 70.41% +0.5%
Operating Margin 38.91% -10.7%
Net Margin 27.82% -12.1%
ROE 19.01% -11.3%
ROIC 19.24% -20.1%
Debt/Equity 0.21
Interest Coverage 35.63 -99.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.9%
✓Strong 5Y profit CAGR of 48.8%
✓FCF machine: 32.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.3%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y6.91%

3Y6.86%

TTM0.68%

Profit (Net Income) CAGR

10Y-

5Y48.79%

3Y-4.27%

TTM-9.71%

EPS CAGR

10Y-

5Y47.27%

3Y-6.32%

TTM-10.45%

ROCE

10Y Avg8.77%

5Y Avg11.88%

3Y Avg33.53%

Latest20.6%

Peer Comparison

Other Shale Play Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MGYMagnolia Oil & Gas Corporation	4.12B	22.49	11.59	7.25%	25.9%	17.05%	10.48%	0.21
KGEIKolibri Global Energy Inc.	126.93M	3.59	7.04	15.84%	24.74%	8.88%	6.02%	0.18
REPXRiley Exploration Permian, Inc.	616.01M	28.04	6.58	9.37%	21.73%	15.25%	18.89%	0.54
MNRMach Natural Resources LP	1.85B	11.01	5.79	27.2%	28.51%	14.85%	15.37%	0.64
CHRDChord Energy Corporation	5.23B	91.94	5.74	34.76%	3.31%	2.11%	17.56%	0.12
CIVICivitas Resources, Inc.	2.27B	26.55	3.14	49.76%	13.56%	9.55%	39.44%	0.68
REIRing Energy, Inc.	201.01M	0.97	2.85	1.46%	-5.01%	-1.91%	18.95%	0.45
PEDPEDEVCO Corp.	51.29M	0.54	2.69	28.49%	28.75%	8.29%	24.56%	0.00

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	110.93M	403.19M	1.04B	942.16M	541.3M	1.08B	1.69B	1.23B	1.32B
Revenue Growth %	-	2.63%	1.58%	-0.09%	-0.43%	0.99%	0.57%	-0.28%	0.07%
Cost of Goods Sold+	44.76M	157.23M	108.48M	631.87M	412.49M	335.59M	439.42M	524.61M	635.2M
COGS % of Revenue	0.4%	0.39%	0.1%	0.67%	0.76%	0.31%	0.26%	0.43%	0.48%
Gross Profit+	66.17M	245.96M	931.25M	310.29M	128.81M	742.76M	1.26B	702.37M	680.69M
Gross Margin %	0.6%	0.61%	0.9%	0.33%	0.24%	0.69%	0.74%	0.57%	0.52%
Gross Profit Growth %	-	2.72%	2.79%	-0.67%	-0.58%	4.77%	0.69%	-0.44%	-0.03%
Operating Expenses+	37.31M	1.15M	657.75M	182.35M	2.05B	140.17M	181.29M	167.89M	168.7M
OpEx % of Revenue	0.34%	0%	0.63%	0.19%	3.8%	0.13%	0.11%	0.14%	0.13%
Selling, General & Admin	12.16M	980.83K	97.64M	69.43M	68.92M	75.28M	72.43M	77.1M	88.73M
SG&A % of Revenue	0.11%	0%	0.09%	0.07%	0.13%	0.07%	0.04%	0.06%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	25.15M	166.48K	560.11M	112.92M	1.99B	64.89M	108.86M	90.78M	79.97M
Operating Income+	28.86M	-1.15M	273.5M	127.5M	-1.93B	602.59M	1.07B	534.49M	511.99M
Operating Margin %	0.26%	-0%	0.26%	0.14%	-3.56%	0.56%	0.63%	0.44%	0.39%
Operating Income Growth %	-	-1.04%	239.38%	-0.53%	-16.1%	1.31%	0.78%	-0.5%	-0.04%
EBITDA+	61.98M	0	718.94M	665.58M	-1.63B	799.63M	1.32B	859.27M	926.48M
EBITDA Margin %	0.56%	-	0.69%	0.71%	-3.01%	0.74%	0.78%	0.7%	0.7%
EBITDA Growth %	-	-1%	-	-0.07%	-3.45%	1.49%	0.65%	-0.35%	0.08%
D&A (Non-Cash Add-back)	33.12M	1.15M	445.44M	538.08M	297.86M	197.03M	243.15M	324.79M	414.49M
EBIT	22.14M	-1.15M	332.56M	128.12M	-1.92B	599.57M	1.08B	549.85M	507.51M
Net Interest Income+	0	0	-29.89M	-28.36M	-28.7M	-31M	-23.44M	-33K	-14.37M
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	29.89M	28.36M	28.7M	31M	23.44M	33K	14.37M
Other Income/Expense	-6.71M	3.98M	-48.13M	-27.74M	-22.66M	-34.03M	-16.9M	15.33M	-18.84M
Pretax Income+	22.14M	2.83M	225.37M	99.77M	-1.95B	568.57M	1.06B	549.81M	493.14M
Pretax Margin %	0.2%	0.01%	0.22%	0.11%	-3.6%	0.53%	0.62%	0.45%	0.37%
Income Tax+	673K	1.16M	27.49M	14.76M	-79.34M	8.85M	6.64M	107.21M	95.81M
Effective Tax Rate %	0.97%	0.59%	0.42%	0.5%	0.62%	0.73%	0.85%	0.71%	0.74%
Net Income+	21.47M	1.67M	93.83M	50.2M	-1.21B	417.28M	893.84M	388.3M	366.03M
Net Margin %	0.19%	0%	0.09%	0.05%	-2.23%	0.39%	0.53%	0.32%	0.28%
Net Income Growth %	-	-0.92%	55.13%	-0.47%	-25.07%	1.35%	1.14%	-0.57%	-0.06%
Net Income (Continuing)	21.47M	1.67M	197.88M	85M	-1.87B	559.72M	1.05B	442.6M	397.33M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	1.03B	952.48M	291.26M	228.49M	164.14M	191M	53.75M
EPS (Diluted)+	0.29	2.20	0.60	0.28	-7.27	2.36	4.71	2.04	1.94
EPS Growth %	-	6.59%	-0.73%	-0.53%	-26.96%	1.32%	1%	-0.57%	-0.05%
EPS (Basic)	0.29	2.20	1.65	0.29	-7.27	2.38	4.73	2.04	1.94
Diluted Shares Outstanding	75M	81.25M	158.57M	167.05M	166.27M	175.36M	187.9M	188.35M	186.49M
Basic Shares Outstanding	75M	81.25M	156.3M	161.89M	166.27M	174.36M	187.43M	188.17M	186.47M
Dividend Payout Ratio	-	-	-	-	-	0.03%	0.08%	0.23%	0.27%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.9M	114.54M	292.36M	293.22M	281.53M	517.92M	850.75M	591.27M	410.82M
Cash & Short-Term Investments	1.78M	0	135.76M	182.63M	192.56M	366.98M	675.44M	401.12M	260.05M
Cash Only	1.78M	0	135.76M	182.63M	192.56M	366.98M	675.44M	401.12M	260.05M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	114.2M	140.28M	105.78M	81.56M	149.77M	170.77M	189.71M	147.9M
Days Sales Outstanding	-	103.39	49.25	40.98	55	50.69	36.78	56.43	41.02
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	127K	332K	4.06M	4.51M	3.6M	552K	1.05M	435K	599K
Total Non-Current Assets+	650M	1.57B	3.14B	3.17B	1.17B	1.23B	1.72B	2.16B	2.41B
Property, Plant & Equipment	0	1.57B	3.07B	3.12B	1.15B	1.22B	1.53B	2.05B	2.31B
Fixed Asset Turnover	-	0.26x	0.34x	0.30x	0.47x	0.89x	1.11x	0.60x	0.57x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	38.36M	23.85M	9.35M	0	0	0	0
Long-Term Investments	650M	8.9M	18.87M	19.73M	0	0	0	0	0
Other Non-Current Assets	0	-104.57K	10.73M	12.85M	13.02M	12.74M	26.02M	22.56M	26.34M
Total Assets+	651.9M	1.69B	3.43B	3.47B	1.45B	1.75B	2.57B	2.76B	2.82B
Asset Turnover	0.17x	0.24x	0.30x	0.27x	0.37x	0.62x	0.66x	0.45x	0.47x
Asset Growth %	-	1.59%	1.03%	0.01%	-0.58%	0.2%	0.47%	0.07%	0.02%
Total Current Liabilities+	1.37M	81.3M	197.36M	175.21M	128.95M	218.54M	340.27M	314.89M	290.26M
Accounts Payable	0	0	76.3M	79.43M	62.63M	127.91M	202.85M	193.21M	181.07M
Days Payables Outstanding	-	-	256.74	45.88	55.42	139.12	168.49	134.43	104.05
Short-Term Debt	0	0	0	0	0	0	0	0	12.21M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.37M	79.5M	42.81M	26.56M	49.95M	60.7M	69.5M	87.54M	65.23M
Current Ratio	1.39x	1.41x	1.48x	1.67x	2.18x	2.37x	2.50x	1.88x	1.42x
Quick Ratio	1.39x	1.41x	1.48x	1.67x	2.18x	2.37x	2.50x	1.88x	1.42x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	22.75M	9.84M	528.21M	562.67M	485.05M	482.95M	492.12M	558.66M	563.25M
Long-Term Debt	0	0	388.63M	389.83M	391.12M	388.09M	390.38M	392.84M	392.51M
Capital Lease Obligations	0	0	0	0	0	0	0	0	5.59M
Deferred Tax Liabilities	0	2.72M	54.59M	77.83M	0	0	0	0	0
Other Non-Current Liabilities	0	7.11M	84.98M	95M	93.93M	94.86M	101.74M	165.82M	165.14M
Total Liabilities	24.12M	91.14M	725.57M	737.88M	614M	701.49M	832.39M	873.55M	853.51M
Total Debt+	0	0	388.63M	389.83M	391.12M	388.09M	390.38M	392.84M	410.31M
Net Debt	0	0	252.88M	207.2M	198.55M	21.11M	-285.06M	-8.28M	150.26M
Debt / Equity	-	-	0.14x	0.14x	0.47x	0.37x	0.22x	0.21x	0.21x
Debt / EBITDA	-	-	0.54x	0.59x	-	0.49x	0.30x	0.46x	0.44x
Net Debt / EBITDA	-	-	0.35x	0.31x	-	0.03x	-0.22x	-0.01x	0.16x
Interest Coverage	-	-	9.15x	4.50x	-67.10x	19.44x	45.81x	16196.52x	35.63x
Total Equity+	627.79M	1.6B	2.71B	2.73B	839.42M	1.05B	1.74B	1.88B	1.97B
Equity Growth %	-	1.55%	0.69%	0.01%	-0.69%	0.25%	0.66%	0.08%	0.04%
Book Value per Share	8.37	19.67	17.08	16.33	5.05	5.96	9.26	10.00	10.55
Total Shareholders' Equity	627.79M	1.6B	1.68B	1.78B	548.16M	816.76M	1.58B	1.69B	1.91B
Common Stock	622.79M	0	25K	26K	26K	24K	23K	23K	24K
Retained Earnings	-64.92K	0	35.51M	82.94M	-1.13B	-708.17M	185.67M	486.16M	754.59M
Treasury Stock	0	0	0	-10.28M	-38.96M	-164.6M	-329.51M	-538.45M	-721.28M
Accumulated OCI	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	1.03B	952.48M	291.26M	228.49M	164.14M	191M	53.75M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	30.46M	257.37M	590.28M	647.62M	310.12M	788.48M	1.3B	855.79M	920.85M
Operating CF Margin %	0.27%	0.64%	0.57%	0.69%	0.57%	0.73%	0.77%	0.7%	0.7%
Operating CF Growth %	-	7.45%	1.29%	0.1%	-0.52%	1.54%	0.64%	-0.34%	0.08%
Net Income	21.47M	178.87M	257.65M	85M	-1.87B	559.72M	1.05B	383.96M	397.33M
Depreciation & Amortization	33.12M	129.71M	323.58M	538.08M	297.86M	197.03M	243.15M	324.79M	414.49M
Stock-Based Compensation	0	0	4.44M	11.09M	10.03M	11.74M	13.31M	16.17M	18.66M
Deferred Taxes	615K	2.05M	12.45M	14.26M	-77.83M	277K	-65.72M	75.36M	70.27M
Other Non-Cash Items	-3.08M	-1.26M	743.16M	9.53M	1.95B	10.02M	9.65M	71.36M	18.59M
Working Capital Changes	-28.39M	-60.49M	-56.35M	-10.34M	524K	9.69M	46.04M	-15.84M	1.5M
Change in Receivables	-20.36M	-70.82M	-112.02M	7.95M	24.22M	-68.21M	-21M	-19.4M	36.71M
Change in Inventory	0	0	0	12.32M	-5.96M	10.96M	0	0	0
Change in Payables	0	10.52M	68.97M	-6.83M	-16.96M	65.28M	74.94M	-9.21M	-18.39M
Cash from Investing+	-1.25B	-314.42M	-1.23B	-524.25M	-269.99M	-243.44M	-518.89M	-814.9M	-655.12M
Capital Expenditures	-25.96M	-247.43M	-338.93M	-435.04M	-222.21M	-236.43M	-465.14M	-424.89M	-489.11M
CapEx % of Revenue	0.23%	0.61%	0.33%	0.46%	0.41%	0.22%	0.27%	0.35%	0.37%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	-709.09M	629.73M	-242K	-1.15M	11.33M	36.38M	-34.51M	-166.01M
Cash from Financing+	1.22B	709.76M	770.55M	-76.5M	-30.2M	-370.61M	-469.34M	-315.21M	-406.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-14.13M	-75.2M	-88.08M	-97.62M
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	652.72M	38.88M	2.87M	-1.52M	-59.17M	-41.96M	-21.81M	-32.13M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.5M	9.95M	251.35M	212.58M	87.91M	552.05M	831.55M	430.9M	431.74M
FCF Margin %	0.04%	0.02%	0.24%	0.23%	0.16%	0.51%	0.49%	0.35%	0.33%
FCF Growth %	-	1.21%	24.27%	-0.15%	-0.59%	5.28%	0.51%	-0.48%	0%
FCF per Share	0.06	0.12	1.59	1.27	0.53	3.15	4.43	2.29	2.32
FCF Conversion (FCF/Net Income)	1.42x	153.98x	6.29x	12.90x	-0.26x	1.89x	1.45x	2.20x	2.52x
Interest Paid	0	0	0	26.23M	0	26.93M	26.65M	26.35M	33.97M
Taxes Paid	0	43K	0	390K	0	3.16M	72.23M	38.83M	23.1M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.42%	0.15%	4.36%	1.85%	-67.74%	44.28%	64.18%	21.44%	19.01%
Return on Invested Capital (ROIC)	3.46%	-0.08%	9%	3.24%	-72.69%	42.95%	63.88%	24.08%	19.24%
Gross Margin	59.65%	61%	89.57%	32.93%	23.8%	68.88%	74.07%	57.24%	51.73%
Net Margin	19.36%	0.41%	9.02%	5.33%	-223.24%	38.7%	52.75%	31.65%	27.82%
Debt / Equity	-	-	0.14x	0.14x	0.47x	0.37x	0.22x	0.21x	0.21x
Interest Coverage	-	-	9.15x	4.50x	-67.10x	19.44x	45.81x	16196.52x	35.63x
FCF Conversion	1.42x	153.98x	6.29x	12.90x	-0.26x	1.89x	1.45x	2.20x	2.52x
Revenue Growth	-	263.48%	157.87%	-9.38%	-42.55%	99.21%	57.14%	-27.59%	7.25%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Oil and Condensate	771.98M	417.89M	747.9M	1.16B	958.39M	1.05B
Oil and Condensate Growth	-	-45.87%	78.97%	54.84%	-17.24%	9.21%
Natural Gas	93.75M	67.25M	172.65M	301.49M	102.05M	90.28M
Natural Gas Growth	-	-28.26%	156.73%	74.63%	-66.15%	-11.54%
Natural Gas Liquids	70.42M	49.37M	157.81M	234.99M	166.54M	-
Natural Gas Liquids Growth	-	-29.89%	219.66%	48.91%	-29.13%	-

Frequently Asked Questions

Valuation & Price

Magnolia Oil & Gas Corporation (MGY) has a price-to-earnings (P/E) ratio of 11.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Magnolia Oil & Gas Corporation (MGY) reported $1.32B in revenue for fiscal year 2024. This represents a 1091% increase from $110.9M in 2016.

Magnolia Oil & Gas Corporation (MGY) grew revenue by 7.2% over the past year. This is steady growth.

Yes, Magnolia Oil & Gas Corporation (MGY) is profitable, generating $342.1M in net income for fiscal year 2024 (27.8% net margin).

Dividend & Returns

Yes, Magnolia Oil & Gas Corporation (MGY) pays a dividend with a yield of 2.33%. This makes it attractive for income-focused investors.

Magnolia Oil & Gas Corporation (MGY) has a return on equity (ROE) of 19.0%. This is reasonable for most industries.

Magnolia Oil & Gas Corporation (MGY) generated $407.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.