Magnolia Oil & Gas ( (MGY) ) has released its Q3 earnings. Here is a breakdown of the information Magnolia Oil & Gas presented to its investors.
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Magnolia Oil & Gas Corporation, a publicly traded company, is engaged in the exploration and production of oil and gas, primarily operating in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company is known for its disciplined capital spending and focus on generating high returns and free cash flow.
In its third quarter of 2025 earnings report, Magnolia Oil & Gas reported a net income of $78.2 million, a decrease from the previous year’s $105.9 million. Despite the decline in net income, the company achieved a record average daily production of 100.5 thousand barrels of oil equivalent per day, marking an 11% increase from the previous year.
Key financial highlights include an adjusted EBITDAX of $218.8 million and capital expenditures on drilling and completions totaling $118.4 million. The company returned $80.3 million to shareholders through dividends and share repurchases, maintaining a strong cash balance of $280.5 million and an undrawn $450 million credit facility.
Looking ahead, Magnolia Oil & Gas anticipates continued production growth, expecting record production levels in the fourth quarter of 2025. The company plans to maintain its current operational pace, focusing on efficiency and shareholder returns, while navigating the volatile pricing environment.