Magnolia Oil & Gas (MGY) Q3 2025 Earnings
Reported Oct 29, 2025 at 4:00 PM ET · SEC Source
Q3 25 EPS
$0.40
MISS 3.80%
Est. $0.42
Q3 25 Revenue
$324.9M
BEAT +0.61%
Est. $323.0M
vs S&P Since Q3 25
-0.3%
TRAILING MARKET
MGY +9.2% vs S&P +9.6%
Market Reaction
Did MGY Beat Earnings? Q3 2025 Results
Magnolia Oil & Gas posted a mixed quarter for Q3 2025, narrowly missing on the bottom line while edging past revenue expectations against a challenging commodity price backdrop. The Texas-focused producer earned $0.40 per diluted share, falling 3.80%… Read more Magnolia Oil & Gas posted a mixed quarter for Q3 2025, narrowly missing on the bottom line while edging past revenue expectations against a challenging commodity price backdrop. The Texas-focused producer earned $0.40 per diluted share, falling 3.80% short of the $0.42 consensus estimate, while revenue of $324.94 million came in 0.61% above forecasts but declined 2.5% year-over-year as average realized prices dropped from $39.92 to $35.14 per boe. The key offsetting force was volume, with record quarterly production of 100.5 Mboe/d, up 11% year-over-year, driven by a 15% surge in Giddings area output that kept cash generation robust; free cash flow grew 6% to $133.93 million, with 60% returned to shareholders via buybacks and dividends. KeyBanc recently upgraded the stock to Overweight, citing precisely this balance sheet strength as a differentiator in a volatile commodity environment. Management raised full-year 2025 production growth guidance to roughly 10%, well above its original 5-7% target, while projecting Q4 production of approximately 101 Mboe/d.
Key Takeaways
- • Record quarterly total production of 100.5 Mboe/d, 11% year-over-year growth
- • Giddings area production grew 15% year-over-year to 79.2 Mboe/d
- • Strong natural gas and NGL price realizations supported revenue and operating income
- • Natural gas realization at 80% of Henry Hub vs. 70% in Q3 2024
- • D&C capital reinvestment rate maintained at 54% of adjusted EBITDAX
- • Strong well performance outperforming expectations, exceeding levels of last couple years
MGY YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
MGY Revenue by Segment
With YoY comparisons, source: SEC Filings
“When we ask some of our larger shareholders why they are invested in Magnolia, a common reply is, 'because you do what you say you're going to do.' Since our founding more than seven years ago, Magnolia has consistently executed around the principles of its differentiated business model which includes our strong balance sheet and discipline capital spending philosophy designed to maximize free cash flow generation from our high-quality assets.”
— Chris Stavros, Q3 2025 Earnings Press Release
MGY Earnings Trends
MGY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MGY EPS Trend
Earnings per share: estimate vs actual
MGY Revenue Trend
Quarterly revenue: estimate vs actual
MGY Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.52 | $0.54 | +3.19% | $358.5M | +1.16% |
| Q4 25 BEAT FY | $0.36 | $0.37 | +1.84% | $317.6M | +1.24% |
| FY Full Year | — | $1.73 | — | $1.31B | — |
| Q3 25 MISS | $0.42 | $0.40 | -3.80% | $324.9M | +0.61% |
| Q2 25 BEAT | $0.40 | $0.41 | +2.83% | $319.0M | +1.59% |