$MGY
Magnolia Oil & Gas Corp

2019 Q4 Form 10-K Financial Statement

#000169899020000004 Filed on February 26, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2017 Q4
Revenue $229.7M $254.7M $125.0M
YoY Change -9.82% 103.76%
Cost Of Revenue $31.90M $28.40M $12.60M
YoY Change 12.32% 125.4%
Gross Profit $197.8M $226.2M $112.4M
YoY Change -12.56% 101.25%
Gross Profit Margin 86.11% 88.81% 89.92%
Selling, General & Admin $29.70M $32.30M $7.500M
YoY Change -8.05% 330.67%
% of Gross Profit 15.02% 14.28% 6.67%
Research & Development $2.700M $700.0K $300.0K
YoY Change 285.71% 133.33%
% of Gross Profit 1.37% 0.31% 0.27%
Depreciation & Amortization $141.3M $116.5M $40.90M
YoY Change 21.29% 184.84%
% of Gross Profit 71.44% 51.5% 36.39%
Operating Expenses $175.1M $150.8M $48.80M
YoY Change 16.11% 209.02%
Operating Profit $22.70M $75.40M $63.60M
YoY Change -69.89% 18.55%
Interest Expense -$6.500M -$7.000M -$9.300M
YoY Change -7.14% -24.73%
% of Operating Profit -28.63% -9.28% -14.62%
Other Income/Expense, Net -$200.0K -$1.400M $0.00
YoY Change -85.71%
Pretax Income $15.90M $64.90M $54.30M
YoY Change -75.5% 19.52%
Income Tax $2.300M $7.900M $567.9K
% Of Pretax Income 14.47% 12.17% 1.05%
Net Earnings $8.100M $32.40M $614.2K
YoY Change -75.0% 5175.34%
Net Earnings / Revenue 3.53% 12.72% 0.49%
Basic Earnings Per Share
Diluted Earnings Per Share $44.09K $199.9K $330.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $182.6M $135.8M $0.00
YoY Change 34.46%
Cash & Equivalents $182.6M $135.8M $851.5K
Short-Term Investments
Other Short-Term Assets $4.511M $4.058M $300.0K
YoY Change 11.16% 1252.67%
Inventory
Prepaid Expenses $142.3K
Receivables $105.8M $140.3M $100.5M
Other Receivables $0.00 $0.00 $13.70M
Total Short-Term Assets $293.2M $292.4M $993.7K
YoY Change 0.29% 29320.01%
LONG-TERM ASSETS
Property, Plant & Equipment $3.117B $3.073B $1.566B
YoY Change 1.42% 96.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $19.73M $18.87M $8.900M
YoY Change 4.54% 112.06%
Other Assets $4.460M $0.00 $0.00
YoY Change
Total Long-Term Assets $3.173B $3.141B $652.9M
YoY Change 1.02% 381.08%
TOTAL ASSETS
Total Short-Term Assets $293.2M $292.4M $993.7K
Total Long-Term Assets $3.173B $3.141B $652.9M
Total Assets $3.466B $3.434B $653.9M
YoY Change 0.96% 425.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.43M $76.30M $74.50M
YoY Change 4.1% 2.42%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $175.2M $197.4M $1.805M
YoY Change -11.22% 10835.17%
LONG-TERM LIABILITIES
Long-Term Debt $389.8M $388.6M $0.00
YoY Change 0.31%
Other Long-Term Liabilities $1.476M $0.00 $7.100M
YoY Change -100.0%
Total Long-Term Liabilities $562.7M $528.2M $7.100M
YoY Change 6.52% 7339.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $175.2M $197.4M $1.805M
Total Long-Term Liabilities $562.7M $528.2M $7.100M
Total Liabilities $737.9M $725.6M $24.55M
YoY Change 1.7% 2854.89%
SHAREHOLDERS EQUITY
Retained Earnings $82.94M $35.51M $1.532M
YoY Change 133.59% 2217.39%
Common Stock $3.466M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.776B $1.677B $5.000M
YoY Change
Total Liabilities & Shareholders Equity $3.466B $3.434B $653.9M
YoY Change 0.96% 425.05%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $8.100M $32.40M $614.2K
YoY Change -75.0% 5175.34%
Depreciation, Depletion And Amortization $141.3M $116.5M $40.90M
YoY Change 21.29% 184.84%
Cash From Operating Activities $159.0M $214.8M $64.30M
YoY Change -25.98% 234.06%
INVESTING ACTIVITIES
Capital Expenditures -$70.10M -$104.5M -$59.20M
YoY Change -32.92% 76.52%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$11.30M $400.0K
YoY Change -100.0% -2925.0%
Cash From Investing Activities -$70.10M -$115.8M -$58.80M
YoY Change -39.46% 96.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.70M 0.000 -5.500M
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 159.0M 214.8M 64.30M
Cash From Investing Activities -70.10M -115.8M -58.80M
Cash From Financing Activities -70.70M 0.000 -5.500M
Net Change In Cash 18.20M 99.00M 0.000
YoY Change -81.62%
FREE CASH FLOW
Cash From Operating Activities $159.0M $214.8M $64.30M
Capital Expenditures -$70.10M -$104.5M -$59.20M
Free Cash Flow $229.1M $319.3M $123.5M
YoY Change -28.25% 158.54%

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CY2018Q3 mgy Adjustments To Additional Paid In Capital Noncompete Consideration
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0 USD
CY2018Q3 mgy Adjustments To Additional Paid In Capital Changes In Deferred Tax Liability
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CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value Acquisitions
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1851000 USD
us-gaap Profit Loss
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2707955000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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11089000 USD
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CY2019 us-gaap Stock Issued During Period Value Acquisitions
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33693000 USD
CY2019 mgy Shares Redeemed During Period Business Acquisition Value
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25245000 USD
CY2019 mgy Stock Issued During Period Value Warrants Exchange
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CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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771000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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10277000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
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69093000 USD
CY2019 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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8809000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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1424000 USD
CY2019 us-gaap Profit Loss
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85005000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
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218553000 USD
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CY2019 us-gaap Depreciation Depletion And Amortization
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523572000 USD
us-gaap Depreciation Depletion And Amortization
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177890000 USD
us-gaap Depreciation Depletion And Amortization
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137871000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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129711000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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14505000 USD
us-gaap Amortization Of Intangible Assets
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6044000 USD
us-gaap Amortization Of Intangible Assets
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0 USD
CY2017 us-gaap Amortization Of Intangible Assets
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0 USD
CY2019 mgy Noncash Exploration Expense
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1154000 USD
mgy Noncash Exploration Expense
NoncashExplorationExpense
567000 USD
mgy Noncash Exploration Expense
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0 USD
CY2017 us-gaap Derivative Gain Loss On Derivative Net
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0 USD
us-gaap Amortization Of Financing Costs
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0 USD
CY2017 us-gaap Amortization Of Financing Costs
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0 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
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0 USD
us-gaap Derivative Gain Loss On Derivative Net
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0 USD
us-gaap Derivative Gain Loss On Derivative Net
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-18127000 USD
CY2017 mgy Noncash Exploration Expense
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0 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
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5512000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1668000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
104000 USD
CY2017 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
232000 USD
CY2019 us-gaap Amortization Of Financing Costs
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3541000 USD
us-gaap Amortization Of Financing Costs
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1461000 USD
mgy Payments For Proceeds From Settlementof Derivatives
PaymentsForProceedsFromSettlementofDerivatives
0 USD
mgy Payments For Proceeds From Settlementof Derivatives
PaymentsForProceedsFromSettlementofDerivatives
27617000 USD
CY2017 mgy Payments For Proceeds From Settlementof Derivatives
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1097000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
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14261000 USD
us-gaap Deferred Income Tax Expense Benefit
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12128000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
324000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
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2052000 USD
CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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0 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
6700000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2017 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2019 us-gaap Share Based Compensation
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11089000 USD
us-gaap Share Based Compensation
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1851000 USD
us-gaap Share Based Compensation
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0 USD
CY2017 us-gaap Share Based Compensation
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0 USD
CY2019 us-gaap Other Noncash Income Expense
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677000 USD
us-gaap Other Noncash Income Expense
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773000 USD
us-gaap Other Noncash Income Expense
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796000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
397000 USD
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-7952000 USD
us-gaap Increase Decrease In Accounts Receivable
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50610000 USD
us-gaap Increase Decrease In Accounts Receivable
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61405000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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70822000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-357000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2533000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
0 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
0 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
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-6834000 USD
mgy Increase Decreasein Drilling Advances
IncreaseDecreaseinDrillingAdvances
0 USD
CY2017 mgy Increase Decreasein Drilling Advances
IncreaseDecreaseinDrillingAdvances
0 USD
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
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23778000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-53147000 USD
us-gaap Increase Decrease In Accounts Payable
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25041000 USD
us-gaap Increase Decrease In Accounts Payable
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36000 USD
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10522000 USD
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-11960000 USD
mgy Increase Decreasein Drilling Advances
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9559000 USD
mgy Proceedsfrom Withdrawal From Trust Account
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0 USD
CY2017 mgy Proceedsfrom Withdrawal From Trust Account
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0 USD
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257371000 USD
mgy Proceedsfrom Withdrawal From Trust Account
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656078000 USD
CY2019 mgy Proceedsfrom Withdrawal From Trust Account
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0 USD
us-gaap Increase Decrease In Other Operating Capital Net
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385000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
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192000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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647619000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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305470000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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284812000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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-4250000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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1219217000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2019 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
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93221000 USD
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
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146532000 USD
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
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150139000 USD
CY2017 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
58653000 USD
CY2019 us-gaap Payments To Acquire Oil And Gas Property And Equipment
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435035000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
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141619000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
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197314000 USD
CY2017 us-gaap Payments To Acquire Oil And Gas Property And Equipment
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247426000 USD
CY2019 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2017 us-gaap Payments To Acquire Equity Method Investments
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8338000 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Investing Activities
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0 USD
us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
26000000 USD
us-gaap Payment For Contingent Consideration Liability Investing Activities
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0 USD
CY2017 us-gaap Payment For Contingent Consideration Liability Investing Activities
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0 USD
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PaymentsForProceedsFromOtherInvestingActivities
242000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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350000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
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-524248000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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-347453000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Proceeds From Contributions From Parent
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0 USD
us-gaap Proceeds From Contributions From Parent
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0 USD
us-gaap Proceeds From Contributions From Parent
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62641000 USD
us-gaap Payments To Minority Shareholders
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0 USD
CY2017 us-gaap Proceeds From Contributions From Parent
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57046000 USD
CY2019 us-gaap Proceeds From Minority Shareholders
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7301000 USD
us-gaap Proceeds From Minority Shareholders
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0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2017 us-gaap Proceeds From Minority Shareholders
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0 USD
CY2019 us-gaap Payments To Minority Shareholders
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1424000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
us-gaap Proceeds From Issuance Of Common Stock
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355000000 USD
us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
us-gaap Payments To Minority Shareholders
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0 USD
CY2017 us-gaap Payments To Minority Shareholders
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0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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400000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2019 mgy Repayments Of Deferred Stock Issuance Costs
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0 USD
mgy Repayments Of Deferred Stock Issuance Costs
RepaymentsOfDeferredStockIssuanceCosts
22750000 USD
mgy Repayments Of Deferred Stock Issuance Costs
RepaymentsOfDeferredStockIssuanceCosts
0 USD
CY2017 mgy Repayments Of Deferred Stock Issuance Costs
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0 USD
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0 USD
us-gaap Payments Of Debt Issuance Costs
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23336000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
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0 USD
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us-gaap Proceeds From Payments For Other Financing Activities
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-1009000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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707905000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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62641000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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57046000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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46875000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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135735000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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0 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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135758000 USD
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23000 USD
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0 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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182633000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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135758000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 USD
CY2018Q1 mgy Numberof Wholly Owned Subsidiaries Formed
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3 subsidiary
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2019 us-gaap Use Of Estimates
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<div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and changes in these estimates are recorded when known. Significant estimates with regard to these financial statements include the fair value determination of acquired assets and liabilities, the assessment of asset retirement obligations, the estimate of proved oil and gas reserves and related present value estimates of future net cash flows, and the estimates of fair value for long-lived assets.</span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
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182600000 USD
CY2018Q4 us-gaap Cash Equivalents At Carrying Value
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135800000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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0 USD
CY2019 us-gaap Operating Lease Cost
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2800000 USD
CY2019 us-gaap Short Term Lease Cost
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26900000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
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3104000 USD
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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0 USD
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0 USD
CY2019 us-gaap Variable Lease Cost
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3200000 USD
CY2019 mgy Revenue From Contract With Customers General Required Payment Period
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P30D
CY2019Q4 us-gaap Contract With Customer Asset Net Current
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100400000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net Current
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100100000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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0 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.038
us-gaap Derivative Gain Loss On Derivative Net
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-18100000 USD
CY2017 us-gaap Derivative Gain Loss On Derivative Net
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-8500000 USD
mgy Payments For Proceeds From Settlementof Derivatives
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27600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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20549000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
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23851000 USD
CY2019 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P3Y3M
CY2019 us-gaap Operating Lease Payments
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2800000 USD
CY2019Q4 mgy Accrued Capital Expenditures Current
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40722000 USD
CY2018Q4 mgy Accrued Capital Expenditures Current
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50633000 USD
CY2019Q4 mgy Accrued Generaland Administrative Expenses Current
AccruedGeneralandAdministrativeExpensesCurrent
9753000 USD
CY2018Q4 mgy Accrued Generaland Administrative Expenses Current
AccruedGeneralandAdministrativeExpensesCurrent
17551000 USD
CY2019Q4 mgy Accrued Interest Current
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10000000 USD
CY2018Q4 mgy Accrued Interest Current
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10067000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Current
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35305000 USD
CY2018Q4 us-gaap Other Sundry Liabilities Current
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42808000 USD
CY2019Q4 us-gaap Other Liabilities Current
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95780000 USD
CY2018Q4 us-gaap Other Liabilities Current
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121059000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
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85983000 USD
CY2018Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 USD
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3929000 USD
CY2016Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2421000 USD
mgy Asset Retirement Obligation Liabilities Incurredand Assumed Through Business Combination
AssetRetirementObligationLiabilitiesIncurredandAssumedThroughBusinessCombination
44897000 USD
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
69000 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
39584000 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2017 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
805000 USD
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mgy Asset Retirement Obligation Liabilities Incurredand Assumed Through Business Combination
AssetRetirementObligationLiabilitiesIncurredandAssumedThroughBusinessCombination
553000 USD
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AssetRetirementObligationLiabilitiesIncurredandAssumedThroughBusinessCombination
774000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
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166000 USD
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85000 USD
CY2017 us-gaap Asset Retirement Obligation Liabilities Settled
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303000 USD
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AssetRetirementObligationAccretionExpense
5512000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1668000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
104000 USD
CY2017 us-gaap Asset Retirement Obligation Accretion Expense
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232000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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AssetRetirementObligation
85983000 USD
CY2018Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4501000 USD
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3929000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
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400000000 USD
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10165000 USD
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389835000 USD
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P8Y
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4035000 USD
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2550000 USD
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1476000 USD
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4026000 USD
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0 USD
us-gaap Current Federal Tax Expense Benefit
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2647000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1170000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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165000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
98000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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43000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
48000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4171000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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145000 USD
CY2019Q4 us-gaap Operating Lease Liability
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4026000 USD
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881000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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646000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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198000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
14000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
15000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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63000 USD
CY2019Q4 us-gaap Litigation Reserve
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0 USD
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3417000 USD
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1060000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Second And Third Year
PurchaseObligationDueInSecondAndThirdYear
1474000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Fourth And Fifth Year
PurchaseObligationDueInFourthAndFifthYear
883000 USD
CY2019Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
0 USD
CY2019Q4 mgy Lessee Operating Lease Liability And Operating Lease Not Yet Commenced
LesseeOperatingLeaseLiabilityAndOperatingLeaseNotYetCommenced
9851000 USD
CY2019Q4 mgy Lessee Operating Lease Liabilityand Operating Lease Not Yet Commenced Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityandOperatingLeaseNotYetCommencedPaymentsDueNextTwelveMonths
2647000 USD
CY2019Q4 mgy Lessee Operating Lease Liabilityand Operating Lease Not Yet Commenced Payments Duein Secondand Third Year
LesseeOperatingLeaseLiabilityandOperatingLeaseNotYetCommencedPaymentsDueinSecondandThirdYear
3159000 USD
CY2019Q4 mgy Lessee Operating Lease Liabilityand Operating Lease Not Yet Commenced Payments Duein Fourthand Fifth Year
LesseeOperatingLeaseLiabilityandOperatingLeaseNotYetCommencedPaymentsDueinFourthandFifthYear
2310000 USD
CY2019Q4 mgy Lessee Operating Lease Liabilityand Operating Lease Not Yet Commenced Payments Dueafter Fifth Year
LesseeOperatingLeaseLiabilityandOperatingLeaseNotYetCommencedPaymentsDueafterFifthYear
1735000 USD
CY2019Q4 us-gaap Contractual Obligation
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13268000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
3707000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Second And Third Year
ContractualObligationDueInSecondAndThirdYear
4633000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Fourth And Fifth Year
ContractualObligationDueInFourthAndFifthYear
3193000 USD
CY2019Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
1735000 USD
CY2019 mgy Contractual Obligation Costs Incurred
ContractualObligationCostsIncurred
1500000 USD
CY2018 mgy Contractual Obligation Costs Incurred
ContractualObligationCostsIncurred
700000 USD
CY2017 mgy Contractual Obligation Costs Incurred
ContractualObligationCostsIncurred
500000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
499000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
381000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1461000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
689000 USD
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CurrentIncomeTaxExpenseBenefit
499000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-673000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1461000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
689000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
13817000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
11431000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
444000 USD
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
697000 USD
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
324000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2052000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14261000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12128000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
324000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2052000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14760000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11455000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1785000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2741000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.148
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.122
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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20966000 USD
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19706000 USD
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
0 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
847000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1028000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1785000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2741000 USD
CY2019 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
7309000 USD
us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
9103000 USD
us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
0 USD
CY2017 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
0 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
256000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-176000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14760000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11455000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1785000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2741000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1274000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7336000 USD
CY2019Q4 mgy Deferred Tax Assets Capitalized Transaction Costs
DeferredTaxAssetsCapitalizedTransactionCosts
3185000 USD
CY2018Q4 mgy Deferred Tax Assets Capitalized Transaction Costs
DeferredTaxAssetsCapitalizedTransactionCosts
6677000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
0 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
102000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4459000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
14115000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
76260000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
63110000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
6033000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5598000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
82293000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
68708000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
77834000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
336000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
43000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
54593000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2019Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
31700000 shares
mgy Classof Warrantor Right Noncash Deemed Dividend
ClassofWarrantorRightNoncashDeemedDividend
2800000 USD
mgy Adjustmentsto Additional Paidin Capital Offering Expenses Incurredin Connectionwith Warrants Exchange
AdjustmentstoAdditionalPaidinCapitalOfferingExpensesIncurredinConnectionwithWarrantsExchange
2200000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11100000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1900000 USD
CY2019 us-gaap Income Taxes Paid
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390000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
mgy Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
50633000 USD
mgy Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
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38028000 USD
CY2019 us-gaap Interest Paid Net
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26226000 USD
us-gaap Interest Paid Net
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889000 USD
us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2017 us-gaap Interest Paid Net
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0 USD
CY2019 mgy Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
40722000 USD
CY2017 mgy Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
53274000 USD
CY2019 mgy Contributionof Assetsto Purchase Equity Method Investment
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0 USD
mgy Contributionof Assetsto Purchase Equity Method Investment
ContributionofAssetstoPurchaseEquityMethodInvestment
0 USD
mgy Contributionof Assetsto Purchase Equity Method Investment
ContributionofAssetstoPurchaseEquityMethodInvestment
0 USD
CY2017 mgy Contributionof Assetsto Purchase Equity Method Investment
ContributionofAssetstoPurchaseEquityMethodInvestment
450000 USD
CY2019 mgy Noncashor Part Noncash Acquisition Contingent Consideration Issued
NoncashorPartNoncashAcquisitionContingentConsiderationIssued
0 USD
mgy Noncashor Part Noncash Acquisition Contingent Consideration Issued
NoncashorPartNoncashAcquisitionContingentConsiderationIssued
149700000 USD
mgy Noncashor Part Noncash Acquisition Contingent Consideration Issued
NoncashorPartNoncashAcquisitionContingentConsiderationIssued
0 USD
CY2017 mgy Noncashor Part Noncash Acquisition Contingent Consideration Issued
NoncashorPartNoncashAcquisitionContingentConsiderationIssued
0 USD
CY2019 us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
44400000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
CY2017 us-gaap Stock Issued1
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0 USD
CY2019 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
33693000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
1481692000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
0 USD
CY2017 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
0 USD
CY2019 mgy Classof Warrantor Right Noncash Deemed Dividend
ClassofWarrantorRightNoncashDeemedDividend
2763000 USD
mgy Classof Warrantor Right Noncash Deemed Dividend
ClassofWarrantorRightNoncashDeemedDividend
0 USD
mgy Classof Warrantor Right Noncash Deemed Dividend
ClassofWarrantorRightNoncashDeemedDividend
0 USD
CY2017 mgy Classof Warrantor Right Noncash Deemed Dividend
ClassofWarrantorRightNoncashDeemedDividend
0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6720000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2017 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD

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