Magnolia Oil & Gas (MGY) Financials

Magnolia Oil & Gas (NYSE:MGY) has demonstrated consistent financial performance over the last four years through 2025 Q1. Here are the key trends and insights based on the recent quarterly financial statements:

• Steady Revenue Growth: Total revenues have shown a general upward trend from approximately $280 million in early 2023 quarters to $350 million in Q1 2025, reflecting solid top-line growth.
• Improving Net Income: Consolidated net income attributable to common shareholders has increased from about $85 million in Q1 2023 to roughly $103 million in Q1 2025, indicating enhanced profitability.
• Consistent Earnings Per Share Gains: Basic and diluted EPS grew from around $0.46 in early 2023 to $0.54 by Q1 2025, showing shareholder value improvement on a per-share basis.
• Strong Operating Cash Flow: Net cash from operating activities remains robust above $200 million in recent quarters (Q1 2025 had $224 million), supporting operational efficiency and capital expenditure requirements.
• Disciplined Capital Expenditures: Property, plant, and equipment investments have been steady, averaging about $100-150 million per quarter, indicating sustained growth investments.
• Active Share Repurchases & Dividends: The company consistently repurchased shares ($45 million to $105 million quarterly in preceding years) and increased dividends, signaling shareholder return focus.
• Stable Debt Profile: Magnolia’s total debt levels have been fairly stable, with long-term debt hovering around $390-395 million and short-term debt around $170-220 million, reflecting balanced leverage management.
• Negative Intangible Asset Balance: Intangible assets appear as a significant negative figure (around -$1.9 billion to -$2.2 billion), likely reflecting accumulated impairments or amortization; this requires monitoring.
• Noncontrolling Interest Fluctuations: Net income attributable to noncontrolling interests varies but remains material, emphasizing joint venture or partnership structures which affect consolidated earnings.
• High Volatility in Investing Cash Flow: Quarterly investing cash outflows have varied widely, occasionally exceeding $300 million (notably Q4 2023), causing pressure on free cash flow and liquidity.

Summary: Magnolia Oil & Gas has delivered steady revenue growth, improved net income, and sustained operating cash flows over the past several years. The company’s disciplined capital expenditures paired with consistent shareholder returns reflects a solid financial strategy. Total debt and liabilities are stable, though the notable negative intangible assets require investor awareness. Investing cash flow volatility and the impact of noncontrolling interests introduce some variability in financials.

Overall, the financial trends paint a positive operational and profitability trajectory for MGY, which bodes well for investors watching for steady earnings growth and healthy cash generation in the upstream oil and gas sector.