Magnolia Oil & Gas Q2 Earnings Call Highlights

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Magnolia Oil & Gas (NYSE:MGY) reported grounds quarterly accumulation successful the 2nd 4th of 2026, raised its full-year standalone production-growth outlook and provided further details connected its pending acquisition of WildFire Energy.

Chairman, President and Chief Executive Officer Chris Stavros said the institution generated adjusted nett income of astir $184 million, oregon $0.99 per diluted share, and adjusted EBITDAX of $370 cardinal during the quarter. Magnolia produced $235 cardinal of escaped currency travel portion spending $125 cardinal connected drilling and completion capital, representing a 34% reinvestment complaint comparative to adjusted EBITDAX.

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The institution returned $80 cardinal to shareholders done dividends and stock repurchases during the quarter. Magnolia repurchased much than 1.7 cardinal shares earlier becoming restricted from further repurchases portion it worked connected the WildFire transaction.

Production Reaches New Highs

Total institution accumulation accrued 8% twelvemonth implicit twelvemonth to a grounds 106,100 barrels of lipid equivalent per day, portion lipid output roseate 5% to 41,900 barrels per day. The results exceeded management's expectations and prompted Magnolia to summation its full-year 2026 standalone production-growth guidance to astir 6%, from 5% previously.

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The Giddings country remained the company's superior maturation engine. Total Giddings accumulation accrued 10% twelvemonth implicit twelvemonth to a grounds 85,500 barrels of lipid equivalent per day, including 29,000 barrels per time of oil, up 7% from a twelvemonth earlier. Giddings accounted for astir 81% of Magnolia's full accumulation volumes.