Magnolia Oil & Gas(NYSE) MGY

Magnolia Oil & Gas Corporation pumps oil and gas in Texas. This fuel powers cars and heats homes for many people. The company finds these resources deep inside the earth.

Energy From the Earth

• Crude Oil: Liquid petroleum used for gasoline and transport fuel; represents 78% of total revenues in the three-month period ended June 30, 2026.
• Natural Gas: Energy source for heating and power generation; accounts for 8% of total revenues in the three-month period ended June 30, 2026.
• Natural Gas Liquids: Chemical components used for plastics and heating; makes up 14% of total revenues in the three-month period ended June 30, 2026.

Texas Growth and Acquisitions

• Engaged in the WildFire Acquisition to expand its property holdings in the South Texas region.
• Invested $156.2 million in several small, strategic oil and gas property acquisitions during the first six months of 2026.
• Increased average daily production to 106,089 barrels of oil equivalent in the second quarter of 2026.

What Sets It Apart

Magnolia focuses its operations on two specific areas in South Texas known as the Karnes area and the Giddings field. The company spends only the money it earns from operations instead of relying on heavy debt.

The Financial Scorecard

• Total revenues were $478.8 million in the three-month period ended June 30, 2026.
• Net income was $181.8 million in the three-month period ended June 30, 2026.
• Net cash from operating activities reached $581.6 million for the six-month period ended June 30, 2026.
• Cash and cash equivalents were $295.9 million as of June 30, 2026.

Bottom Line

Magnolia has evolved into a steady energy producer by focusing on efficiency and high-quality assets in South Texas. Its strategy of growing within its own cash flow provides a stable foundation in the volatile oil and gas market.