Magnolia Oil & Gas Corp. announced preliminary fourth quarter 2022 estimated oil and gas production volumes in the range of 73 to 74 Mboe per day, compared to the midpoint of the Company's earlier guidance of 78 Mboe per day. Two factors led to the production variance compared to previous guidance. First, a single large pad was brought online later than expected during the fourth quarter 2022. This pad is currently fully [...]
Magnolia Oil & Gas Corp. announced the pricing of the previously announced underwritten block trade of 7,500,000 shares of the Company's Class A common stock by certain affiliates of EnerVest, Ltd. resulting in total gross proceeds of $183 million. The Offering is expected to close on or about November 8, 2022, subject to customary closing conditions. The Company will not sell any shares of its Class A Common Stock in the [...]
Magnolia Oil & Gas Corp. , today announced the proposed underwritten block trade of 7,500,000 shares of the Company's Class A common stock by certain affiliates of EnerVest, Ltd. . The shares will be offered from time to time for sale through negotiated transactions or otherwise at market prices prevailing at the time of sale. Magnolia will not sell any shares of its Class A Common Stock in the Offering and will not [...]
Magnolia Oil & Gas Corp. today announced its financial and operational results for the third quarter of 2022. Third Quarter 2022 Highlights: For the Quarter Ended September 30, 2022 For the Quarter Ended September 30, 2021 Percentage increase Net income $ 287.0 $ 159.9 79 % Earnings per share - diluted $ 1.29 $ 0.67 93 % Adjusted EBITDAX $ 386.0 $ 221.5 74 % Capital expenditures - D&C $ 114.5 $ 67.2 70 % Average daily [...]
Magnolia Oil & Gas Corp. announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of Class A common stock, and a cash distribution of $0.10 per Class B unit, payable on December 1, 2022 to shareholders of record as of November 7, 2022. About Magnolia Oil & Gas Corporation Magnolia is a publicly traded oil and gas exploration and production company with operations [...]
Magnolia Oil & Gas Corp. will host a conference call and webcast to discuss operational and financial results for the third quarter 2022 on Wednesday, November 2 at 10:00 a.m. Central Time . Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's third quarter 2022 financial [...]
It is with great sadness that Magnolia Oil & Gas Corp. mourns the passing of former Chairman, President and Chief Executive Officer, Stephen Chazen. On behalf of the entire Magnolia team, Chris Stavros, President and Chief Executive Officer, said, "We are greatly saddened by Steve's passing, and extend our thoughts and sympathies to his family. As Magnolia's founder, Steve has left an indelible mark on the Company, the [...]
Magnolia Oil & Gas Corp. today announced that Christopher Stavros, the Company's current Executive Vice President and Chief Financial Officer, has been named President and Chief Executive Officer, and has been appointed to the Board of Directors, effective immediately. Stephen Chazen, who has served as Chairman, President and Chief Executive Officer since 2018 will no longer be able to serve in his positions due to [...]
Magnolia Oil & Gas Corp. today announced its financial and operational results for the second quarter of 2022. Second Quarter 2022 Highlights: For the Quarter Ended June 30, 2022 For the Quarter Ended June 30, 2021 Percentage increase Net income $ 299.9 $ 116.2 158 % Adjusted net income $ 293.6 $ 135.0 117 % Diluted weighted average total shares outstanding 222.4 242.2 % Earnings per share - diluted $ 1.32 $ 0.48 175 [...]
Magnolia Oil & Gas Corp. announced today that its Board of Directors has declared a cash dividend of $0.10 per share of Class A common stock, and a cash distribution of $0.10 per Class B unit payable on September 1, 2022 to shareholders of record as of August 12, 2022. In addition, and beginning with this distribution, Magnolia will move to a quarterly dividend payment from a semi-annual distribution schedule. Today's [...]
Magnolia Oil & Gas Corp. will host a conference call and webcast to discuss operational and financial results for the second quarter 2022 on Wednesday, August 3 at 10:00 a.m. Central Time . Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's second quarter 2022 financial [...]
Magnolia Oil & Gas Corp. today announced the pricing of the previously announced underwritten block trade of 7,500,000 shares of the Company's Class A common stock by certain affiliates of EnerVest, Ltd. resulting in total gross proceeds of $203.6 million . The Offering is expected to close on or about June 6, 2022, subject to customary closing conditions. The Company will not sell any shares of its Class A Common Stock [...]
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