Q1 26 EPS
$0.54
BEAT +3.19%
Est. $0.52
Q1 26 Revenue
$358.5M
BEAT +1.16%
Est. $354.4M
vs S&P Since Q1 26
-10.9%
TRAILING MARKET
MGY -5.3% vs S&P +5.6%
Market Reaction
Did MGY Beat Earnings? Q1 2026 Results
Magnolia Oil & Gas posted a clean beat across the board in the first quarter of 2026, with earnings per share of $0.54 topping the $0.52 consensus estimate by 3.19% and revenue of $358.51 million edging ahead of the $354.39 million forecast by 1.16%,… Read more Magnolia Oil & Gas posted a clean beat across the board in the first quarter of 2026, with earnings per share of $0.54 topping the $0.52 consensus estimate by 3.19% and revenue of $358.51 million edging ahead of the $354.39 million forecast by 1.16%, representing 2.3% growth from a year earlier. The primary catalyst was a 6% year-over-year surge in total production to 102.6 Mboe/d, led by the Giddings area, which grew output 9% and accounted for 82% of company-wide volumes, even absorbing the drag of January's freezing weather. Free cash flow climbed 32% to $145.57 million, enabling Magnolia to close bolt-on acquisitions totaling roughly $155 million while still returning $83.30 million to shareholders through buybacks and dividends. Analysts have notably raised revenue forecasts for the full year, projecting roughly $1.6 billion in 2026 sales. Looking ahead, management reiterated approximately 5% full-year production growth and guided second-quarter output to roughly 105 Mboe/d, with narrowing oil price differentials expected to lift realizations in the coming quarter.
Key Takeaways
- • 6% year-over-year total production growth to 102.6 Mboe/d
- • Giddings total production grew 9% YoY to 83.9 Mboe/d with oil production up 8%
- • 51% capital reinvestment rate as percentage of adjusted EBITDAX
- • Free cash flow grew 32% YoY to $145.6 million
- • Operations rebounded from January freezing weather
- • Adjusted cash operating margin of $27.27/boe (70% margin)
MGY YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
MGY Revenue by Segment
With YoY comparisons, source: SEC Filings
“Magnolia's first quarter financial and operating metrics delivered a strong start to 2026. Our consistent and disciplined business model, characterized by a low reinvestment rate, high operating margins and moderate production growth delivered over $145 million of free cash flow during the quarter. Our operations rebounded nicely after being affected by the freezing weather in January showing total year-over-year production growth of 6 percent and oil production growth of 4 percent during the quarter.”
— Chris Stavros, Q1 2026 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT Adjusted EPS of $0.99 excludes $3.2 million of transaction-related costs associated with the WildFire Energy acquisition, with a $0.672 million tax benefit adjustment at an assumed 21.0% effective tax rate | $0.94 | $0.99 | +5.20% | $478.8M | +3.51% |
| 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% |