Magnolia Oil & Gas Corp - Understand $mgy stock

$MGY Market Cap: $5.323 Billion

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Financial Snapshot

Revenue

$1.312B

TTM

Gross Margin

83.69%

TTM

Net Earnings

$378.9M

TTM

Current Assets

$415.2M

Q3 2024

Current Liabilities

$281.5M

Q3 2024

Current Ratio

147.48%

Q3 2024

Total Assets

$2.811B

Q3 2024

Total Liabilities

$850.4M

Q3 2024

Book Value

$1.961B

Q3 2024

Cash

$276.1M

Q3 2024

P/E

14.05

Nov 13, 2024 EST

Free Cash Flow

$522.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$1.227B	$1.694B	$1.078B	$541.3M	$942.2M	$882.4M	$403.2M
YoY Change	-27.59%	57.14%	99.21%	-42.55%	6.77%	118.85%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$1.227B	$1.694B	$1.078B	$541.3M	$942.2M	$882.4M	$403.2M
Cost Of Revenue	$199.8M	$196.3M	$138.6M	$107.8M	$128.7M	$81.60M	$43.80M
Gross Profit	$1.027B	$1.498B	$939.8M	$426.7M	$807.4M	$800.8M	$359.4M
Gross Profit Margin	83.71%	88.42%	87.15%	78.83%	85.7%	90.75%	89.14%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017
Selling, General & Admin	$138.0M	$163.6M	$124.7M	$100.2M	$123.2M	$88.40M	$38.80M
YoY Change	-15.65%	31.15%	24.46%	-18.67%	39.37%	127.84%
% of Gross Profit	13.43%	10.92%	13.27%	23.48%	15.26%	11.04%	10.8%
Research & Development	$5.445M	$11.59M	$4.125M	$567.3M	$12.70M	$12.40M	$700.0K
YoY Change	-53.0%	180.87%	-99.27%	4366.93%	2.42%	1671.43%
% of Gross Profit	0.53%	0.77%	0.44%	132.95%	1.57%	1.55%	0.19%
Depreciation & Amortization	$324.8M	$243.2M	$187.7M	$283.4M	$523.6M	$321.8M	$129.7M
YoY Change	33.57%	29.55%	-33.76%	-45.88%	62.7%	148.09%
% of Gross Profit	31.62%	16.23%	19.97%	66.41%	64.85%	40.18%	36.09%
Operating Expenses	$472.2M	$421.5M	$330.8M	$971.1M	$679.5M	$424.4M	$169.4M
YoY Change	12.03%	27.43%	-65.94%	42.91%	60.11%	150.53%
Operating Profit	$534.5M	$1.074B	$602.6M	-$1.926B	$127.5M	$376.4M	$190.0M
YoY Change	-50.22%	78.19%	-131.29%	-1610.3%	-66.13%	98.09%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	-$33.00K	-$23.04M	-$33.01M	-$26.00M	-$27.50M	-$29.10M	-$8.400M
YoY Change	-99.86%	-30.2%	26.97%	-5.45%	-5.5%	246.43%
% of Operating Profit	-0.01%	-2.15%	-5.48%		-21.57%	-7.73%	-4.42%
Other Income/Expense, Net	$15.33M	-$16.90M	-$34.03M	-$22.66M	-$27.74M	-$8.400M	-$8.396M
YoY Change	-190.7%	-50.34%	50.18%	-18.31%	230.2%	0.05%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017
Pretax Income	$549.8M	$1.057B	$568.6M	-$1.948B	$99.77M	$314.2M	$181.6M
YoY Change	-47.98%	85.89%	-129.18%	-2052.91%	-68.25%	73.0%
Income Tax	$107.2M	$6.638M	$8.851M	-$79.34M	$14.76M	$13.20M	$2.741M
% Of Pretax Income	19.5%	0.63%	1.56%		14.79%	4.2%	1.51%
Net Earnings	$388.3M	$893.8M	$417.3M	-$1.208B	$50.20M	$257.6M	$178.9M
YoY Change	-56.56%	114.2%	-134.53%	-2507.34%	-80.51%	44.01%
Net Earnings / Revenue	31.65%	52.75%	38.7%	-223.24%	5.33%	29.19%	44.36%
Basic Earnings Per Share
Diluted Earnings Per Share	$2.06	$4.76	$2.380M	-$7.266M	$300.6K	$1.628M	$1.131M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017
Cash & Short-Term Investments	$401.1M	$675.4M	$367.0M	$192.6M	$182.6M	$135.8M	$0.00
YoY Change	-40.61%	84.05%	90.54%	5.48%	34.46%
Cash & Equivalents	$401.1M	$675.4M	$367.0M	$192.6M	$182.6M	$135.8M	$0.00
Short-Term Investments
Other Short-Term Assets	$447.0K	$4.536M	$2.042M	$7.400M	$4.800M	$16.40M	$300.0K
YoY Change	-90.15%	122.14%	-72.41%	54.17%	-70.73%	5366.67%
Inventory
Prepaid Expenses
Receivables	$189.7M	$170.8M	$149.8M	$81.60M	$105.8M	$140.3M	$100.5M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$13.70M
Total Short-Term Assets	$591.3M	$850.7M	$518.8M	$281.5M	$293.2M	$292.4M	$114.5M
YoY Change	-30.5%	63.99%	84.3%	-3.99%	0.27%	155.37%
Property, Plant & Equipment	$2.052B	$1.533B	$1.216B	$1.150B	$3.117B	$3.073B	$1.566B
YoY Change	33.85%	26.06%	5.79%	-63.12%	1.42%	96.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments				$0.00	$19.70M	$18.90M	$8.900M
YoY Change				-100.0%	4.23%	112.36%
Other Assets	$112.9M	$188.8M	$11.86M	$13.00M	$12.90M	$10.70M	$0.00
YoY Change	-40.19%	1491.71%	-8.75%	0.78%	20.56%
Total Long-Term Assets	$2.165B	$1.722B	$1.228B	$1.172B	$3.173B	$3.141B	$1.575B
YoY Change	25.73%	40.22%	4.78%	-63.07%	1.02%	99.5%
Total Assets	$2.756B	$2.573B	$1.747B	$1.453B	$3.466B	$3.434B	$1.689B
YoY Change
Accounts Payable	$193.2M	$202.8M	$127.9M	$62.60M	$79.40M	$196.4M	$74.50M
YoY Change	-4.75%	58.59%	104.33%	-21.16%	-59.57%	163.62%
Accrued Expenses	$34.13M	$67.92M	$29.94M	$37.60M
YoY Change	-49.75%	126.89%	-20.38%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$314.9M	$340.3M	$218.5M	$128.9M	$175.2M	$197.4M	$81.30M
YoY Change	-7.46%	55.7%	69.55%	-26.43%	-11.25%	142.8%
Long-Term Debt	$392.8M	$390.4M	$388.1M	$391.1M	$389.8M	$388.6M	$0.00
YoY Change	0.63%	0.59%	-0.77%	0.33%	0.31%
Other Long-Term Liabilities	$165.8M	$101.7M	$94.86M	$93.90M	$95.00M	$85.00M	$7.100M
YoY Change	62.99%	7.25%	1.02%	-1.16%	11.76%	1097.18%
Total Long-Term Liabilities	$558.7M	$492.1M	$482.9M	$485.0M	$484.8M	$473.6M	$7.100M
YoY Change	13.52%	1.9%	-0.42%	0.04%	2.36%	6570.42%
Total Liabilities	$1.065B	$996.5M	$930.0M	$905.3M	$1.690B	$1.757B	$91.10M
YoY Change	6.83%	7.16%	2.73%	-46.44%	-3.78%	1828.43%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	188.2M shares	187.4M shares	174.4M shares	166.3M shares	161.9M shares
Diluted Shares Outstanding	188.4M shares	187.9M shares	175.4M shares	166.3M shares	167.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.3228 Billion

About Magnolia Oil & Gas Corp

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 247 full-time employees. The company went IPO on 2017-06-26. The Company’s oil and natural gas properties are located primarily in the Karnes and Giddings areas in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. The Company’s assets consist of a total leasehold position of 789,719 gross (576,504 net) acres, including 72,503 gross (50,681 net) acres in the Karnes area and 717,216 gross (525,823 net) acres in the Giddings area. The Karnes area consists of oil and natural gas assets primarily located in Karnes, Dimmit, Gonzales, and Zavala Counties, Texas, in the core of the Eagle Ford Shale. The acreage comprising the Karnes area also includes the Austin Chalk formation overlying the Eagle Ford Shale. The Giddings Assets are located in Brazos, Burleson, Fayette, Grimes, Lee, Milam, Robertson and Washington Counties, Texas.

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