Magnolia Oil & Gas Corp

Common Name

Magnolia Oil & Gas

Country

United States

Sector

Energy

Industry

Oil & Gas E&P

Employees

252

Ticker

MGY

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.magnoliaoilgas.com

Description

Magnolia Oil & Gas Corp. is an independent oil and natural gas exploration and production company focused primarily on the prolific Eagle Ford Shale and Austin Chalk formations of South Texas. Its pri... Show more

Income Statement Balance Sheet Group Entities

Magnolia Oil & Gas's Financial Statements Preview

Below are the financial statements of Magnolia Oil & Gas, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

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All figures in millions of USD	2024	2023	2022
Revenues	—	—	—
Oil revenues	1,046.68^a	958.39^a	1,158.01^a
Natural gas revenues	90.28^a	102.05^a	301.49^a
Natural gas liquids revenues	178.93^a	166.54^a	234.99^a
Total revenues	1,315.89^a	1,226.98^a	1,694.49^a
Operating expenses	—	—	—
Lease operating expenses	-180.88^a	-155.49^a	-131.51^a
Gathering, transportation, and processing	-39.83^a	-44.33^a	-64.75^a
Taxes other than income	-71.86^a	-65.57^a	-94.03^a
Exploration expenses	-1.37^a	-5.45^a	-11.59^a
Asset retirement obligations accretion	-6.73^a	-4.04^a	-3.25^a
Depreciation, depletion and amortization	-414.49^a	-324.79^a	-243.15^a
Impairment of oil and natural gas properties	0^a	-15.74^a	0^a
General and administrative expenses	-88.73^a	-77.1^a	-72.43^a
Total operating expenses	-803.9^a	-692.49^a	-620.71^a
Operating income	511.99^a	534.49^a	1,073.79^a
Other income (expense)	—	—	—
Interest expense, net	-14.37^a	-0.03^a	-23.44^a
Loss on extinguishment of debt	-8.8^a	0^a	0^a
Other income, net	4.32^a	15.36^a	6.54^a
Total other income (expense), net	-18.85^a	15.33^a	-16.9^a
Income before income taxes	493.14^a	549.81^a	1,056.89^a
Income tax expense	-95.81^a	-107.21^a	-6.64^a
Net income	397.33^a	442.6^a	1,050.25^a
Less: Net income attributable to noncontrolling interest	31.3^a	54.3^a	156.41^a
Net income attributable to class a common stock	366.03^a	388.3^a	893.84^a

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Verified Sources Behind Magnolia Oil & Gas’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Magnolia Oil & Gas’s data sources below and access millions more through our Disclosure Search.

a. Magnolia Oil & Gas's 10-K 2024

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Magnolia Oil & Gas Corp

Magnolia Oil & Gas's Financial Statements Preview

Verified Sources Behind Magnolia Oil & Gas’s Financial Fundamentals Data

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