Headquartered in Houston, TX Fiscal year ends December NYSE: MGY magnoliaoilgas.com
Magnolia Oil & Gas Corporation (NYSE: MGY) is an independent oil and natural gas exploration and production company. Its operations are concentrated in South Texas in the Eagle Ford Shale and Austin Chalk formations, across two areas: Giddings and Karnes. Giddings contributed 83% of Q3 2026 volumes, and Karnes sits in the core of the Eagle Ford.
In September 2026 the company closed the acquisition of WildFire Energy, which added roughly 53 Mboe/d of production (about 70% oil) and a sand mine. The deal brought Magnolia's Eagle Ford and Austin Chalk acreage to more than 1.25 million net acres. Magnolia expects more than $100 million of annual run-rate synergies across D&C and facilities, field operations, and corporate G&A.
The company sells oil, natural gas and NGLs, with oil the largest revenue contributor. Its business model rests on several stated principles:
- capping D&C capital at no more than 55% of adjusted EBITDAX
- delivering moderate annual production growth
- sustaining high pre-tax operating margins
- returning a substantial share of free cash flow to shareholders through a growing dividend and repurchases of at least 1% of outstanding shares each quarter
Magnolia is also prioritizing debt reduction toward a target of no more than 0.5x net debt/EBITDA. It pursues small bolt-on acquisitions in its operating areas. Updated
Magnolia beat on both lines with only a partial quarter of WildFire, guiding Q4 production to 159-161 Mboe/d versus 117.3 in the third quarter. Management hit its sub-1.0x net debt to EBITDAX target more than a year early. The first full combined quarter is the one to watch.
Wall Street analysts are busy reshuffling their ratings ahead of the Fed meeting, with surprise double-upgrades, dramatic target cuts, and fresh initiations spanning surgical robots to cybersecurity. Find out which names made…
Energy sector M&A is hot again. With West Texas Intermediate (WTI) crude recently trading at $94.77 per barrel and the EIA’s May 2026 Short-Term Energy Outlook projecting continued growth in Permian output,…
Here are 10 Buy-rated small-and mid-cap energy stocks that get the nod from analysts at Goldman Sachs.
The markets were higher across the board midday on Monday, with both the S&P 500 and the Nasdaq printing fresh all-time intraday highs. Wall Street pundits are still dissecting Jerome Powell’s comments…
Many top oil stocks have pulled back and are offering investors looking for energy exposure some outstanding entry points. These four Goldman Sachs picks could be poised to have a big end…
24/7 Wall St. looks at some big analyst upgrades and downgrades that we have seen so far on Monday, including Microchip Technology, Newell Brands, Rapid7, Teladoc Health and Uber Technologies.
Thursday's top analyst upgrades and downgrades included Airbnb, CrowdStrike, DoorDash, Ford, Intuit, Lumber Liquidators, Occidental Petroleum, T-Mobile, Twilio, Uber and UBS.
Antero Resources is among this week's picks of stock trading for less than $10 that are Buy-rated and have sizable upside potential. They are suited for aggressive investors looking to get some…
While energy remains wildly out of favor, Goldman Sachs is positive on the sector for 2021 and feels that we will see an increase in benchmark pricing next year as the COVID-19…
Magnolia Oil & Gas Corporation (NYSE: MGY) is an independent oil and natural gas exploration and production company. Its operations are concentrated in South Texas in the Eagle Ford Shale and Austin Chalk formations, across two areas: Giddings and Karnes.
24/7 Wall St.'s 12-month price target for MGY is $28.43, rated Buy. The Wall Street consensus target is $33.06. MGY price prediction →
