Magnolia Oil & Gas (MGY) Financials

$20.27 -0.11 (-0.54%)

As of 04/14/2025 03:58 PM Eastern

Annual Income Statements for Magnolia Oil & Gas

This table shows Magnolia Oil & Gas' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	50	-1,208	417	894	388	366
Consolidated Net Income / (Loss)	0.00	179	85	-1,869	560	1,050	443	397
Net Income / (Loss) Continuing Operations	0.00	179	85	-1,869	560	1,050	443	397
Total Pre-Tax Income	0.00	182	100	-1,948	569	1,057	550	493
Total Revenue	0.00	403	942	541	1,078	1,694	1,227	1,316
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	0.00	403	942	541	1,078	1,694	1,227	1,316
Other Non-Interest Income	0.00	403	942	541	1,078	1,694	1,227	1,316
Total Non-Interest Expense	0.00	213	843	2,496	507	621	692	804
Other Operating Expenses	0.00	56	304	817	310	378	352	389
Depreciation Expense	-	130	524	283	188	243	325	414
Nonoperating Income / (Expense), net	0.00	-8.40	0.62	6.04	-3.03	-17	15	-19
Income Tax Expense	0.00	2.74	15	-79	8.85	6.64	107	96
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	35	-661	142	156	54	31
Basic Earnings per Share	$0.00	$0.00	$0.29	($7.27)	$2.38	$4.73	$2.04	$1.94
Weighted Average Basic Shares Outstanding	0.00	0.00	161.89M	166.27M	174.36M	187.43M	188.17M	186.47M
Diluted Earnings per Share	$0.00	$0.00	$0.28	($7.27)	$2.36	$4.71	$2.04	$1.94
Weighted Average Diluted Shares Outstanding	0.00	0.00	167.05M	166.27M	175.36M	187.90M	188.36M	186.49M
Weighted Average Basic & Diluted Shares Outstanding	-	-	253.12M	248.57M	226.58M	213.89M	204.28M	194.16M
Cash Dividends to Common per Share	-	-	-	-	$0.08	$0.40	$0.46	$0.52

This table shows Magnolia Oil & Gas' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	245	232	96	91	102	98	85	96	100	86
Consolidated Net Income / (Loss)	287	255	107	105	117	114	98	105	106	89
Net Income / (Loss) Continuing Operations	287	255	107	105	117	114	98	105	106	89
Total Pre-Tax Income	306	196	126	129	149	145	118	132	132	111
Total Revenue	483	349	308	280	316	323	319	337	333	327
Total Non-Interest Income	483	349	308	280	316	323	319	337	333	327
Other Non-Interest Income	483	349	308	280	316	323	319	337	333	327
Total Non-Interest Expense	176	129	181	159	168	185	195	202	204	203
Other Operating Expenses	108	66	111	82	86	73	98	98	97	97
Depreciation Expense	69	64	71	77	81	96	97	105	107	105
Nonoperating Income / (Expense), net	-0.17	-23	-0.65	9.26	-0.48	7.23	-6.63	-2.47	3.43	-13
Income Tax Expense	19	-59	20	25	31	32	20	27	27	22
Net Income / (Loss) Attributable to Noncontrolling Interest	41	23	10	13	15	15	13	9.55	6.13	3.11
Basic Earnings per Share	$1.29	$1.22	$0.50	$0.48	$0.54	$0.52	$0.46	$0.51	$0.52	$0.45
Weighted Average Basic Shares Outstanding	188.64M	187.43M	191.78M	189.40M	187.09M	188.17M	182.37M	184.94M	187.86M	186.47M
Diluted Earnings per Share	$1.29	$1.20	$0.50	$0.48	$0.54	$0.52	$0.46	$0.51	$0.52	$0.45
Weighted Average Diluted Shares Outstanding	189.07M	187.90M	192.05M	189.57M	187.27M	188.36M	182.42M	184.97M	187.87M	186.49M
Weighted Average Basic & Diluted Shares Outstanding	216.20M	213.89M	211.97M	209.73M	207.05M	204.28M	202.76M	199.12M	196.56M	194.16M

This table details how cash moves in and out of Magnolia Oil & Gas' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	0.00	0.00	47	9.93	174	308	-274	-141
Net Cash From Operating Activities	30	257	648	310	788	1,297	856	921
Net Cash From Continuing Operating Activities	30	257	648	310	788	1,297	856	921
Net Income / (Loss) Continuing Operations	21	179	85	-1,869	560	1,050	443	397
Consolidated Net Income / (Loss)	21	179	85	-1,869	560	1,050	443	397
Depreciation Expense	33	130	524	283	188	243	325	414
Amortization Expense	0.00	0.00	18	18	14	5.85	4.26	4.46
Non-Cash Adjustments to Reconcile Net Income	4.25	9.28	31	1,877	18	-49	100	103
Changes in Operating Assets and Liabilities, net	-28	-60	-10	0.52	9.69	46	-16	1.50
Net Cash From Investing Activities	-1,249	-314	-524	-270	-243	-519	-815	-655
Net Cash From Continuing Investing Activities	-1,249	-314	-524	-270	-243	-519	-815	-655
Purchase of Property, Leasehold Improvements and Equipment	-26	-247	-435	-222	-223	-427	-459	-489
Purchase of Investment Securities	-1,223	-67	-93	-74	-18	-90	-355	-165
Sale and/or Maturity of Investments	0.00	0.00	4.01	26	-2.24	-1.61	-0.72	-0.58
Net Cash From Financing Activities	1,219	57	-76	-30	-371	-469	-315	-407
Net Cash From Continuing Financing Activities	1,219	57	-76	-30	-371	-469	-315	-407
Issuance of Debt	0.00	0.00	-	-	-	0.00	0.00	400
Repayment of Debt	0.00	0.00	0.00	0.00	-4.98	-5.49	0.00	-417
Repurchase of Common Equity	-	0.00	-79	-29	-297	-352	-205	-273
Payment of Dividends	-	-	0.00	0.00	-14	-75	-88	-98
Other Financing Activities, Net	1,219	57	2.87	-1.52	-54	-36	-22	-19

This table details how cash moves in and out of Magnolia Oil & Gas' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	188	-14	-8.16	9.28	-58	-217	-1.80	-124	0.46	-16
Net Cash From Operating Activities	411	268	220	202	187	247	211	269	218	223
Net Cash From Continuing Operating Activities	411	268	220	202	187	247	211	269	218	223
Net Income / (Loss) Continuing Operations	287	255	107	105	117	114	98	105	106	89
Consolidated Net Income / (Loss)	287	255	107	105	117	114	98	105	106	89
Depreciation Expense	69	64	71	77	81	96	97	105	107	105
Amortization Expense	1.03	1.04	1.04	1.06	1.07	1.08	1.09	1.10	1.12	1.15
Non-Cash Adjustments to Reconcile Net Income	4.28	-61	36	22	17	25	22	22	26	33
Changes in Operating Assets and Liabilities, net	49	9.25	5.65	-2.72	-29	11	-6.94	37	-23	-5.29
Net Cash From Investing Activities	-135	-197	-150	-118	-162	-384	-127	-260	-130	-138
Net Cash From Continuing Investing Activities	-135	-197	-150	-118	-162	-384	-127	-260	-130	-138
Purchase of Property, Leasehold Improvements and Equipment	-127	-118	-154	-111	-89	-105	-101	-136	-115	-138
Purchase of Investment Securities	-7.40	-78	3.69	-7.05	-50	-302	-13	-137	-15	-0.43
Sale and/or Maturity of Investments	-0.17	-0.42	-0.28	0.20	-0.50	-0.13	-0.06	-0.44	-0.04	-0.05
Net Cash From Financing Activities	-88	-86	-78	-74	-83	-80	-85	-133	-88	-101
Net Cash From Continuing Financing Activities	-88	-86	-78	-74	-83	-80	-85	-133	-88	-101
Repurchase of Common Equity	-61	-60	-46	-49	-57	-54	-51	-106	-61	-55
Payment of Dividends	-19	-19	-23	-22	-22	-22	-24	-24	-25	-25
Other Financing Activities, Net	-7.82	-6.23	-9.34	-3.24	-4.47	-4.75	-10	-3.52	-2.13	-3.56

This table presents Magnolia Oil & Gas' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,689	3,434	3,466	1,453	1,747	2,573	2,756	2,821
Cash and Due from Banks	0.00	136	183	193	367	675	401	260
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	-166	3,251	3,815	2,130	2,382	2,940	3,744	4,403
Deferred Acquisition Cost	0.00	11	8.39	6.04	3.70	5.64	3.84	7.02
Intangible Assets	0.00	-140	-678	-976	-1,173	-1,416	-1,701	-2,116
Other Assets	115	157	118	100	167	367	309	266
Total Liabilities & Shareholders' Equity	1,689	3,434	3,466	1,453	1,747	2,573	2,756	2,821
Total Liabilities	91	726	738	614	701	832	874	854
Short-Term Debt	-	76	79	63	128	203	193	181
Other Short-Term Payables	81	121	96	66	91	137	122	109
Long-Term Debt	0.00	389	390	391	388	390	393	393
Other Long-Term Liabilities	9.84	140	173	94	95	102	166	171
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,598	2,708	2,729	839	1,045	1,740	1,883	1,967
Total Preferred & Common Equity	1,598	1,677	1,776	548	817	1,576	1,692	1,914
Total Common Equity	1,598	1,677	1,776	548	817	1,576	1,692	1,914
Common Stock	1,598	1,641	1,703	1,713	1,690	1,720	1,744	1,880
Retained Earnings	0.00	36	83	-1,125	-708	186	486	755
Treasury Stock	-	0.00	-10	-39	-165	-330	-538	-721
Noncontrolling Interest	0.00	1,031	952	291	228	164	191	54

This table presents Magnolia Oil & Gas' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,301	2,576	2,567	2,652	2,808	2,843	2,811
Cash and Due from Banks	690	667	677	618	399	276	276
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	2,718	3,060	3,114	3,278	3,882	4,145	4,266
Deferred Acquisition Cost	6.09	5.19	4.74	4.29	3.39	2.94	2.49
Intangible Assets	-1,352	-1,487	-1,524	-1,605	-1,798	-1,903	-2,011
Other Assets	239	331	295	357	322	322	277
Total Liabilities & Shareholders' Equity	2,301	2,576	2,567	2,652	2,808	2,843	2,811
Total Liabilities	831	809	757	805	910	925	850
Short-Term Debt	215	191	166	183	220	227	164
Other Short-Term Payables	127	120	97	120	130	128	117
Long-Term Debt	390	391	392	392	393	394	395
Other Long-Term Liabilities	99	107	102	109	167	175	174
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,470	1,767	1,810	1,847	1,898	1,918	1,961
Total Preferred & Common Equity	1,271	1,599	1,634	1,664	1,701	1,818	1,908
Total Common Equity	1,271	1,599	1,634	1,664	1,701	1,818	1,908
Common Stock	1,637	1,721	1,731	1,739	1,745	1,816	1,879
Retained Earnings	-46	260	329	409	547	619	694
Treasury Stock	-320	-381	-426	-484	-591	-617	-665
Noncontrolling Interest	199	168	175	183	197	100	52

This table displays calculated financial ratios and metrics derived from Magnolia Oil & Gas' official financial filings.

Metric	2016	2017	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	-42.55%	99.21%	57.14%	-27.59%	7.25%
EBITDA Growth	0.00%	865.26%	0.00%	-357.95%	146.76%	71.14%	-34.72%	7.81%
EBIT Growth	0.00%	0.00%	0.00%	-2,071.20%	129.25%	87.86%	-50.22%	-4.21%
NOPAT Growth	0.00%	0.00%	0.00%	-1,719.43%	141.13%	89.63%	-59.68%	-4.12%
Net Income Growth	0.00%	0.00%	0.00%	-2,298.67%	129.95%	87.64%	-57.86%	-10.23%
EPS Growth	0.00%	0.00%	0.00%	-2,696.43%	132.46%	99.58%	-56.69%	-4.90%
Operating Cash Flow Growth	0.00%	745.00%	0.00%	-52.11%	154.25%	64.45%	-34.00%	7.60%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	-45.09%	0.09%	0.02%	15.39%
Invested Capital Growth	0.00%	0.00%	0.00%	-59.56%	20.73%	49.46%	5.80%	2.92%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-12.83%	19.52%	1.01%	-2.11%	0.30%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-4.63%	26.97%	2.74%	-2.91%	-0.48%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.98%	38.61%	2.38%	-9.79%	-2.66%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.98%	38.59%	8.72%	-25.26%	-2.07%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	1.50%	36.66%	6.34%	-24.15%	-5.95%
EPS Q/Q Growth	0.00%	0.00%	0.00%	1.36%	43.03%	8.28%	-25.00%	-3.48%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	-20.48%	29.89%	0.58%	-2.41%	-2.57%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	8.34%	-4.22%	29.90%	4.95%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	2.11%	11.48%	12.50%	1.90%	0.84%
Profitability Metrics	-	-	-	-	-	-	-	-
EBITDA Margin	0.00%	79.30%	68.01%	-305.35%	71.68%	78.06%	70.38%	70.75%
EBIT Margin	0.00%	47.13%	10.52%	-361.05%	53.01%	63.37%	43.56%	38.91%
Profit (Net Income) Margin	0.00%	44.36%	9.02%	-345.27%	51.90%	61.98%	36.07%	30.19%
Tax Burden Percent	0.00%	98.49%	85.21%	95.93%	98.44%	99.37%	80.50%	80.57%
Interest Burden Percent	0.00%	95.58%	100.62%	99.69%	99.47%	98.43%	102.87%	96.32%
Effective Tax Rate	0.00%	1.51%	14.79%	0.00%	1.56%	0.63%	19.50%	19.43%
Return on Invested Capital (ROIC)	0.00%	23.42%	2.64%	-60.92%	39.43%	54.80%	17.92%	16.47%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	2.75%	-169.47%	38.81%	51.77%	20.02%	13.85%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.47%	-43.84%	19.97%	20.61%	6.52%	4.17%
Return on Equity (ROE)	0.00%	0.00%	3.12%	-104.77%	59.40%	75.41%	24.43%	20.64%
Cash Return on Invested Capital (CROIC)	0.00%	-176.58%	0.00%	23.90%	20.64%	15.14%	12.28%	13.59%
Operating Return on Assets (OROA)	0.00%	11.25%	2.87%	-79.45%	35.72%	49.72%	20.06%	18.36%
Return on Assets (ROA)	0.00%	10.59%	2.46%	-75.98%	34.98%	48.63%	16.61%	14.25%
Return on Common Equity (ROCE)	0.00%	0.00%	1.98%	-68.25%	43.02%	64.78%	22.04%	19.33%
Return on Equity Simple (ROE_SIMPLE)	0.00%	11.19%	4.79%	-340.95%	68.53%	66.64%	26.16%	20.76%
Net Operating Profit after Tax (NOPAT)	0.00	187	84	-1,368	563	1,067	430	413
NOPAT Margin	0.00%	46.42%	8.97%	-252.73%	52.18%	62.97%	35.06%	31.35%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	-0.11%	108.54%	0.61%	3.03%	-2.10%	2.62%
SG&A Expenses to Revenue	0.00%	6.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	52.87%	89.48%	461.05%	46.99%	36.63%	56.44%	61.09%
Earnings before Interest and Taxes (EBIT)	0.00	190	99	-1,954	572	1,074	534	512
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	320	641	-1,653	773	1,323	864	931
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.47	1.73	3.04	5.05	3.06	2.53	2.39
Price to Tangible Book Value (P/TBV)	0.00	0.47	1.25	1.09	2.07	1.61	1.26	1.13
Price to Revenue (P/Rev)	0.00	1.85	3.25	3.08	3.82	2.85	3.49	3.47
Price to Earnings (P/E)	0.00	0.00	61.06	0.00	9.88	5.40	11.04	12.47
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.45%	1.79%	2.22%	2.24%
Earnings Yield	0.00%	0.00%	1.64%	0.00%	10.12%	18.52%	9.06%	8.02%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.47	1.35	1.72	2.88	2.10	1.89	1.94
Enterprise Value to Revenue (EV/Rev)	0.00	1.85	4.57	4.10	4.17	2.90	3.80	3.75
Enterprise Value to EBITDA (EV/EBITDA)	0.00	2.33	6.72	0.00	5.82	3.71	5.40	5.30
Enterprise Value to EBIT (EV/EBIT)	0.00	3.92	43.41	0.00	7.87	4.57	8.72	9.64
Enterprise Value to NOPAT (EV/NOPAT)	0.00	3.98	50.95	0.00	8.00	4.60	10.84	11.96
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	2.89	6.65	7.16	5.71	3.79	5.45	5.36
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	4.14	15.28	16.65	15.81	14.50
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.17	0.54	0.49	0.34	0.31	0.29
Long-Term Debt to Equity	0.00	0.00	0.14	0.47	0.37	0.22	0.21	0.20
Financial Leverage	0.00	0.00	0.17	0.26	0.51	0.40	0.33	0.30
Leverage Ratio	0.00	1.06	1.27	1.38	1.70	1.55	1.47	1.45
Compound Leverage Factor	0.00	1.01	1.28	1.37	1.69	1.53	1.51	1.40
Debt to Total Capital	0.00%	0.00%	14.67%	35.09%	33.05%	25.42%	23.74%	22.57%
Short-Term Debt to Total Capital	0.00%	0.00%	2.48%	4.84%	8.19%	8.69%	7.83%	7.13%
Long-Term Debt to Total Capital	0.00%	0.00%	12.19%	30.24%	24.86%	16.73%	15.91%	15.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	29.79%	22.52%	14.64%	7.03%	7.74%	2.12%
Common Equity to Total Capital	0.00%	100.00%	55.54%	42.39%	52.31%	67.54%	68.52%	75.31%
Debt to EBITDA	0.00	0.00	0.73	-0.27	0.67	0.45	0.68	0.62
Net Debt to EBITDA	0.00	0.00	0.45	-0.16	0.19	-0.06	0.21	0.34
Long-Term Debt to EBITDA	0.00	0.00	0.61	-0.24	0.50	0.30	0.45	0.42
Debt to NOPAT	0.00	0.00	5.55	-0.33	0.92	0.56	1.36	1.39
Net Debt to NOPAT	0.00	0.00	3.39	-0.19	0.26	-0.08	0.43	0.76
Long-Term Debt to NOPAT	0.00	0.00	4.61	-0.29	0.69	0.37	0.91	0.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	36.49%	34.86%	27.58%	14.10%	9.80%	6.36%
Liquidity Ratios	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,411	0.00	537	295	295	295	340
Operating Cash Flow to CapEx	117.31%	104.02%	148.87%	139.56%	353.80%	303.57%	186.58%	188.27%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.24	0.27	0.22	0.67	0.78	0.46	0.47
Fixed Asset Turnover	0.00	0.00	0.27	0.18	0.48	0.64	0.37	0.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,598	3,198	1,293	1,561	2,333	2,469	2,541
Invested Capital Turnover	0.00	0.50	0.29	0.24	0.76	0.87	0.51	0.53
Increase / (Decrease) in Invested Capital	0.00	1,598	0.00	-1,905	268	772	135	72
Enterprise Value (EV)	0.00	744	4,304	2,221	4,501	4,908	4,662	4,933
Market Capitalization	0.00	744	3,065	1,668	4,124	4,826	4,287	4,566
Book Value per Share	$0.00	$19.67	$6.86	$2.18	$3.53	$7.29	$8.17	$9.74
Tangible Book Value per Share	$0.00	$19.67	$9.47	$6.06	$8.61	$13.84	$16.39	$20.50
Total Capital	0.00	1,598	3,198	1,293	1,561	2,333	2,469	2,541
Total Debt	0.00	0.00	469	454	516	593	586	574
Total Long-Term Debt	0.00	0.00	390	391	388	390	393	393
Net Debt	0.00	0.00	287	261	149	-82	185	314
Capital Expenditures (CapEx)	26	247	435	222	223	427	459	489
Net Nonoperating Expense (NNE)	0.00	8.27	-0.53	501	2.98	17	-12	15
Net Nonoperating Obligations (NNO)	0.00	0.00	469	454	516	593	586	574
Total Depreciation and Amortization (D&A)	33	130	542	301	201	249	329	419
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.29	($7.27)	$2.38	$4.73	$2.04	$1.94
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	161.89M	166.27M	174.36M	187.43M	188.17M	186.47M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.28	($7.27)	$2.36	$4.71	$2.04	$1.94
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	167.05M	166.27M	175.36M	187.90M	188.36M	186.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	253.12M	248.57M	226.58M	213.89M	204.28M	194.16M
Normalized Net Operating Profit after Tax (NOPAT)	0.00	187	85	-401	563	1,067	443	413
Normalized NOPAT Margin	0.00%	46.42%	9.01%	-74.11%	52.18%	62.97%	36.10%	31.35%
Pre Tax Income Margin	0.00%	45.04%	10.59%	-359.93%	52.73%	62.37%	44.81%	37.48%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	2.52%	7.16%	19.90%	24.57%
Augmented Payout Ratio	0.00%	0.00%	93.37%	-1.53%	55.64%	40.69%	66.29%	93.29%

This table displays calculated financial ratios and metrics derived from Magnolia Oil & Gas' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	69.44%	5.09%	-18.38%	-42.17%	-34.64%	-7.57%	3.58%	20.13%	5.53%	1.23%
EBITDA Growth	76.64%	14.18%	-29.66%	-47.45%	-38.81%	-17.34%	12.10%	20.46%	3.08%	-1.93%
EBIT Growth	86.86%	12.86%	-43.96%	-62.23%	-51.67%	-37.10%	-1.87%	10.73%	-12.91%	-10.15%
NOPAT Growth	79.03%	48.49%	-48.55%	-66.96%	-58.95%	-62.07%	-3.87%	10.26%	-12.46%	-8.26%
Net Income Growth	79.46%	32.59%	-48.87%	-65.12%	-59.06%	-55.31%	-8.51%	0.49%	-9.84%	-22.09%
EPS Growth	92.54%	42.86%	-44.44%	-63.64%	-58.14%	-56.67%	-8.00%	6.25%	-3.70%	-13.46%
Operating Cash Flow Growth	85.07%	2.86%	-7.97%	-46.78%	-54.39%	-7.88%	-4.04%	33.51%	16.33%	-9.82%
Free Cash Flow Firm Growth	-1,569.14%	-540.90%	-731.88%	-86.08%	40.30%	94.43%	90.88%	84.82%	102.69%	199.82%
Invested Capital Growth	48.10%	49.46%	47.20%	28.36%	16.81%	5.80%	6.90%	7.25%	4.00%	2.92%
Revenue Q/Q Growth	-0.35%	-27.73%	-11.65%	-9.11%	12.63%	2.20%	-1.00%	5.42%	-1.07%	-1.96%
EBITDA Q/Q Growth	-0.78%	-24.46%	-23.87%	0.36%	15.53%	2.05%	-4.83%	7.84%	-1.14%	-2.91%
EBIT Q/Q Growth	-4.59%	-28.37%	-35.27%	-4.41%	22.09%	-6.78%	-9.09%	7.86%	-3.97%	-3.83%
NOPAT Q/Q Growth	-2.32%	-0.64%	-57.92%	-9.43%	21.36%	-8.20%	-4.73%	3.88%	-3.65%	-3.80%
Net Income Q/Q Growth	-4.32%	-11.22%	-58.13%	-1.95%	12.32%	-3.08%	-14.28%	7.70%	0.76%	-16.24%
EPS Q/Q Growth	-2.27%	-6.98%	-58.33%	-4.00%	12.50%	-3.70%	-11.54%	10.87%	1.96%	-13.46%
Operating Cash Flow Q/Q Growth	8.32%	-34.74%	-17.98%	-8.21%	-7.17%	31.80%	-14.56%	27.72%	-19.12%	2.17%
Free Cash Flow Firm Q/Q Growth	-68.83%	-25.99%	-24.86%	34.06%	45.83%	88.25%	-117.36%	-9.73%	109.61%	335.32%
Invested Capital Q/Q Growth	12.44%	12.50%	0.66%	0.80%	2.32%	1.90%	1.71%	1.14%	-0.78%	0.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	77.95%	81.48%	64.43%	71.14%	72.97%	72.87%	69.73%	71.33%	71.28%	70.59%
EBIT Margin	63.46%	62.90%	41.16%	43.29%	46.93%	42.80%	39.00%	39.90%	38.73%	37.99%
Profit (Net Income) Margin	59.42%	72.99%	34.59%	37.32%	37.21%	35.29%	30.55%	31.22%	31.79%	27.16%
Tax Burden Percent	93.68%	129.94%	84.48%	80.80%	79.01%	78.30%	82.76%	79.70%	79.97%	80.00%
Interest Burden Percent	99.95%	89.31%	99.49%	106.68%	100.37%	105.30%	94.68%	98.16%	102.66%	89.38%
Effective Tax Rate	6.32%	-29.94%	15.52%	19.20%	20.99%	21.70%	17.24%	20.30%	20.03%	20.00%
Return on Invested Capital (ROIC)	57.41%	71.12%	28.65%	23.37%	20.81%	17.14%	16.44%	16.78%	16.44%	15.96%
ROIC Less NNEP Spread (ROIC-NNEP)	57.38%	65.62%	28.55%	24.69%	20.75%	18.10%	15.52%	16.44%	16.92%	14.15%
Return on Net Nonoperating Assets (RNNOA)	26.56%	26.13%	11.11%	9.09%	7.38%	5.89%	5.06%	5.20%	5.04%	4.26%
Return on Equity (ROE)	83.96%	97.25%	39.76%	32.47%	28.19%	23.03%	21.50%	21.98%	21.48%	20.23%
Cash Return on Invested Capital (CROIC)	17.72%	15.14%	9.61%	10.52%	10.10%	12.28%	10.87%	10.77%	13.12%	13.59%
Operating Return on Assets (OROA)	54.79%	49.35%	30.61%	26.43%	23.75%	19.71%	17.93%	19.09%	18.60%	17.93%
Return on Assets (ROA)	51.30%	57.27%	25.72%	22.79%	18.83%	16.25%	14.05%	14.94%	15.27%	12.82%
Return on Common Equity (ROCE)	69.49%	83.54%	34.96%	28.82%	24.95%	20.77%	19.37%	20.35%	20.16%	18.94%
Return on Equity Simple (ROE_SIMPLE)	77.70%	0.00%	59.29%	46.07%	35.06%	0.00%	25.48%	23.87%	22.14%	0.00%
Net Operating Profit after Tax (NOPAT)	287	285	107	97	118	108	103	107	103	99
NOPAT Margin	59.45%	81.73%	34.77%	34.65%	37.33%	33.53%	32.27%	31.80%	30.97%	30.39%
Net Nonoperating Expense Percent (NNEP)	0.03%	5.50%	0.10%	-1.32%	0.06%	-0.96%	0.92%	0.33%	-0.48%	1.82%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.54%	37.10%	58.84%	56.71%	53.07%	57.20%	61.00%	60.10%	61.27%	62.01%
Earnings before Interest and Taxes (EBIT)	306	220	127	121	148	138	125	134	129	124
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	376	284	199	199	230	235	223	240	237	231
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.25	3.06	2.83	2.64	2.82	2.53	3.13	2.81	2.55	2.39
Price to Tangible Book Value (P/TBV)	1.58	1.61	1.47	1.37	1.44	1.26	1.52	1.37	1.24	1.13
Price to Revenue (P/Rev)	2.46	2.85	2.79	3.04	3.75	3.49	4.30	3.95	3.71	3.47
Price to Earnings (P/E)	5.09	5.40	5.49	6.48	9.01	11.04	14.10	13.41	12.83	12.47
Dividend Yield	1.58%	1.79%	1.49%	2.11%	1.99%	2.22%	1.85%	1.94%	2.07%	2.24%
Earnings Yield	19.65%	18.52%	18.20%	15.42%	11.10%	9.06%	7.09%	7.46%	7.79%	8.02%
Enterprise Value to Invested Capital (EV/IC)	2.05	2.10	1.96	1.85	2.00	1.89	2.28	2.19	2.06	1.94
Enterprise Value to Revenue (EV/Rev)	2.53	2.90	2.84	3.08	3.86	3.80	4.63	4.29	3.96	3.75
Enterprise Value to EBITDA (EV/EBITDA)	3.30	3.71	3.79	4.22	5.44	5.40	6.45	5.99	5.56	5.30
Enterprise Value to EBIT (EV/EBIT)	4.05	4.57	4.85	5.82	8.17	8.72	10.77	10.19	9.88	9.64
Enterprise Value to NOPAT (EV/NOPAT)	4.33	4.60	4.89	5.87	8.41	10.84	13.45	12.75	12.34	11.96
Enterprise Value to Operating Cash Flow (EV/OCF)	3.29	3.79	3.61	3.97	5.52	5.45	6.76	6.08	5.50	5.36
Enterprise Value to Free Cash Flow (EV/FCFF)	13.79	16.65	24.33	19.72	21.32	15.81	21.70	21.03	16.03	14.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.41	0.34	0.33	0.31	0.31	0.31	0.32	0.32	0.29	0.29
Long-Term Debt to Equity	0.27	0.22	0.22	0.22	0.21	0.21	0.21	0.21	0.20	0.20
Financial Leverage	0.46	0.40	0.39	0.37	0.36	0.33	0.33	0.32	0.30	0.30
Leverage Ratio	1.64	1.55	1.54	1.51	1.49	1.47	1.47	1.45	1.43	1.45
Compound Leverage Factor	1.64	1.38	1.53	1.61	1.50	1.55	1.39	1.42	1.47	1.29
Debt to Total Capital	29.14%	25.42%	24.77%	23.56%	23.76%	23.74%	24.42%	24.46%	22.19%	22.57%
Short-Term Debt to Total Capital	10.35%	8.69%	8.12%	7.02%	7.57%	7.83%	8.75%	8.94%	6.52%	7.13%
Long-Term Debt to Total Capital	18.79%	16.73%	16.65%	16.54%	16.19%	15.91%	15.67%	15.52%	15.67%	15.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	9.58%	7.03%	7.14%	7.41%	7.55%	7.74%	7.83%	3.95%	2.08%	2.12%
Common Equity to Total Capital	61.28%	67.54%	68.09%	69.03%	68.69%	68.52%	67.76%	71.59%	75.73%	75.31%
Debt to EBITDA	0.47	0.45	0.48	0.54	0.65	0.68	0.69	0.67	0.60	0.62
Net Debt to EBITDA	-0.07	-0.06	-0.07	-0.11	-0.05	0.21	0.24	0.37	0.30	0.34
Long-Term Debt to EBITDA	0.30	0.30	0.32	0.38	0.44	0.45	0.44	0.42	0.42	0.42
Debt to NOPAT	0.62	0.56	0.62	0.75	1.00	1.36	1.44	1.42	1.33	1.39
Net Debt to NOPAT	-0.09	-0.08	-0.09	-0.16	-0.07	0.43	0.50	0.79	0.67	0.76
Long-Term Debt to NOPAT	0.40	0.37	0.41	0.53	0.68	0.91	0.92	0.90	0.94	0.95
Noncontrolling Interest Sharing Ratio	17.24%	14.10%	12.06%	11.23%	11.51%	9.80%	9.94%	7.39%	6.18%	6.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-386	-487	-646	-426	-231	-27	-59	-65	6.22	27
Operating Cash Flow to CapEx	322.38%	227.52%	143.09%	181.47%	210.63%	235.26%	209.38%	198.04%	189.96%	161.75%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.86	0.78	0.74	0.61	0.51	0.46	0.46	0.48	0.48	0.47
Fixed Asset Turnover	0.67	0.64	0.59	0.50	0.42	0.37	0.36	0.36	0.35	0.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,074	2,333	2,349	2,368	2,423	2,469	2,511	2,539	2,520	2,541
Invested Capital Turnover	0.97	0.87	0.82	0.67	0.56	0.51	0.51	0.53	0.53	0.53
Increase / (Decrease) in Invested Capital	674	772	753	523	349	135	162	172	97	72
Enterprise Value (EV)	4,247	4,908	4,611	4,369	4,840	4,662	5,728	5,556	5,198	4,933
Market Capitalization	4,133	4,826	4,528	4,312	4,700	4,287	5,318	5,110	4,863	4,566
Book Value per Share	$5.84	$7.29	$7.48	$7.71	$7.93	$8.17	$9.33	$8.97	$9.58	$9.74
Tangible Book Value per Share	$12.06	$13.84	$14.43	$14.90	$15.59	$16.39	$19.19	$18.35	$19.68	$20.50
Total Capital	2,074	2,333	2,349	2,368	2,423	2,469	2,511	2,539	2,520	2,541
Total Debt	604	593	582	558	576	586	613	621	559	574
Total Long-Term Debt	390	390	391	392	392	393	393	394	395	393
Net Debt	-85	-82	-85	-119	-43	185	214	345	283	314
Capital Expenditures (CapEx)	127	118	154	111	89	105	101	136	115	138
Net Nonoperating Expense (NNE)	0.16	31	0.55	-7.48	0.38	-5.66	5.48	1.97	-2.74	11
Net Nonoperating Obligations (NNO)	604	593	582	558	576	586	613	621	559	574
Total Depreciation and Amortization (D&A)	70	65	72	78	82	97	98	106	108	106
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.29	$1.22	$0.50	$0.48	$0.54	$0.52	$0.46	$0.51	$0.52	$0.45
Adjusted Weighted Average Basic Shares Outstanding	188.64M	187.43M	191.78M	189.40M	187.09M	188.17M	182.37M	184.94M	187.86M	186.47M
Adjusted Diluted Earnings per Share	$1.29	$1.20	$0.50	$0.48	$0.54	$0.52	$0.46	$0.51	$0.52	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	189.07M	187.90M	192.05M	189.57M	187.27M	188.36M	182.42M	184.97M	187.87M	186.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	216.20M	213.89M	211.97M	209.73M	207.05M	204.28M	202.76M	199.12M	196.56M	194.16M
Normalized Net Operating Profit after Tax (NOPAT)	287	154	107	97	118	108	103	107	103	99
Normalized NOPAT Margin	59.45%	44.03%	34.77%	34.65%	37.33%	33.53%	32.27%	31.80%	30.97%	30.39%
Pre Tax Income Margin	63.43%	56.17%	40.95%	46.18%	47.10%	45.07%	36.92%	39.17%	39.76%	33.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.70%	7.16%	6.39%	10.98%	14.65%	19.90%	20.65%	21.02%	22.28%	24.57%
Augmented Payout Ratio	40.85%	40.69%	34.84%	39.70%	50.98%	66.29%	69.24%	82.56%	86.53%	93.29%

Frequently Asked Questions About Magnolia Oil & Gas' Financials

When does Magnolia Oil & Gas's financial year end?

According to the most recent income statement we have on file, Magnolia Oil & Gas' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Magnolia Oil & Gas' net income changed over the last 7 years?

Magnolia Oil & Gas' net income appears to be on an upward trend, with a most recent value of $397.33 million in 2024, rising from $0.00 in 2016. The previous period was $442.60 million in 2023.

How has Magnolia Oil & Gas revenue changed over the last 7 years?

Over the last 7 years, Magnolia Oil & Gas' total revenue changed from $0.00 in 2016 to $1.32 billion in 2024, a change of 131,588,600,000.0%.

How much debt does Magnolia Oil & Gas have?

Magnolia Oil & Gas' total liabilities were at $853.51 million at the end of 2024, a 2.3% decrease from 2023, and a 836.5% increase since 2017.

How much cash does Magnolia Oil & Gas have?

In the past 7 years, Magnolia Oil & Gas' cash and equivalents has ranged from $0.00 in 2017 to $675.44 million in 2022, and is currently $260.05 million as of their latest financial filing in 2024.

How has Magnolia Oil & Gas' book value per share changed over the last 7 years?

Over the last 7 years, Magnolia Oil & Gas' book value per share changed from 0.00 in 2016 to 9.74 in 2024, a change of 973.5%.

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This page (NYSE:MGY) was last updated on 4/15/2025 by MarketBeat.com Staff

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Magnolia Oil & Gas (MGY) Financials

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