2020 Q2 Form 10-Q Financial Statement
#000169899020000025 Filed on August 06, 2020
Income Statement
Concept | 2020 Q2 | 2019 Q2 |
---|---|---|
Revenue | $82.84M | $243.0M |
YoY Change | -65.9% | 21.49% |
Cost Of Revenue | $25.10M | $32.30M |
YoY Change | -22.29% | |
Gross Profit | $57.70M | $210.6M |
YoY Change | -72.6% | |
Gross Profit Margin | 69.65% | 86.68% |
Selling, General & Admin | $21.30M | $32.20M |
YoY Change | -33.85% | 12.2% |
% of Gross Profit | 36.92% | 15.29% |
Research & Development | $6.500M | $3.600M |
YoY Change | 80.56% | |
% of Gross Profit | 11.27% | 1.71% |
Depreciation & Amortization | $50.87M | $126.1M |
YoY Change | -59.66% | 99.05% |
% of Gross Profit | 88.16% | 59.88% |
Operating Expenses | $83.70M | $166.9M |
YoY Change | -49.85% | -4.3% |
Operating Profit | -$25.94M | $43.63M |
YoY Change | -159.44% | -56.94% |
Interest Expense | -$6.600M | -$7.200M |
YoY Change | -8.33% | -68.7% |
% of Operating Profit | -16.5% | |
Other Income/Expense, Net | -$6.632M | -$7.184M |
YoY Change | -7.68% | -49.8% |
Pretax Income | -$32.57M | $36.45M |
YoY Change | -189.35% | -58.12% |
Income Tax | -$3.176M | $5.145M |
% Of Pretax Income | 14.12% | |
Net Earnings | -$18.27M | $18.51M |
YoY Change | -198.74% | -78.59% |
Net Earnings / Revenue | -22.06% | 7.62% |
Basic Earnings Per Share | $0.12 | |
Diluted Earnings Per Share | -$109.8K | $0.12 |
COMMON SHARES | ||
Basic Shares Outstanding | 166.6M shares | 156.8M shares |
Diluted Shares Outstanding | 166.6M shares | 159.1M shares |
Balance Sheet
Concept | 2020 Q2 | 2019 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $116.9M | $96.70M |
YoY Change | 20.89% | 48250.0% |
Cash & Equivalents | $116.9M | $96.71M |
Short-Term Investments | ||
Other Short-Term Assets | $4.487M | $5.662M |
YoY Change | -20.75% | 5562.0% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $60.53M | $126.9M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $182.5M | $230.5M |
YoY Change | -20.82% | 64756.02% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.181B | $3.235B |
YoY Change | -63.48% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $20.78M | $19.39M |
YoY Change | 7.18% | -97.04% |
Other Assets | $4.552M | $5.305M |
YoY Change | -14.19% | 71.13% |
Total Long-Term Assets | $1.231B | $3.301B |
YoY Change | -62.72% | 401.27% |
TOTAL ASSETS | ||
Total Short-Term Assets | $182.5M | $230.5M |
Total Long-Term Assets | $1.231B | $3.301B |
Total Assets | $1.413B | $3.531B |
YoY Change | -59.98% | 435.99% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $64.53M | $197.0M |
YoY Change | -67.24% | |
Accrued Expenses | $32.60M | |
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $120.3M | $201.1M |
YoY Change | -40.18% | 1636.57% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $390.5M | $389.2M |
YoY Change | 0.32% | |
Other Long-Term Liabilities | $1.487M | $2.423M |
YoY Change | -38.63% | -89.37% |
Total Long-Term Liabilities | $490.4M | $545.9M |
YoY Change | -10.15% | 2294.09% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $120.3M | $201.1M |
Total Long-Term Liabilities | $490.4M | $545.9M |
Total Liabilities | $610.8M | $747.0M |
YoY Change | -18.24% | 2075.76% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$1.162B | $67.04M |
YoY Change | -1833.83% | -2088.39% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $527.0M | $1.740B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.413B | $3.531B |
YoY Change | -59.98% | 435.99% |
Cashflow Statement
Concept | 2020 Q2 | 2019 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$18.27M | $18.51M |
YoY Change | -198.74% | -78.59% |
Depreciation, Depletion And Amortization | $50.87M | $126.1M |
YoY Change | -59.66% | 99.05% |
Cash From Operating Activities | $30.90M | $192.8M |
YoY Change | -83.97% | -38660.0% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$35.50M | -$132.9M |
YoY Change | -73.29% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$24.90M | -$39.00M |
YoY Change | -36.15% | |
Cash From Investing Activities | -$60.40M | -$171.9M |
YoY Change | -64.86% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -300.0K | -500.0K |
YoY Change | -40.0% | -350.0% |
NET CHANGE | ||
Cash From Operating Activities | 30.90M | 192.8M |
Cash From Investing Activities | -60.40M | -171.9M |
Cash From Financing Activities | -300.0K | -500.0K |
Net Change In Cash | -29.80M | 20.40M |
YoY Change | -246.08% | -6900.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $30.90M | $192.8M |
Capital Expenditures | -$35.50M | -$132.9M |
Free Cash Flow | $66.40M | $325.7M |
YoY Change | -79.61% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001698990 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2020 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
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Document Type
DocumentType
|
10-Q | ||
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Document Quarterly Report
DocumentQuarterlyReport
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true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2020-06-30 | ||
dei |
Document Transition Report
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false | ||
dei |
Entity File Number
EntityFileNumber
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001-38083 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Magnolia Oil & Gas Corp | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
81-5365682 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
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Nine Greenway Plaza, Suite 1300 | ||
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Entity Address Postal Zip Code
EntityAddressPostalZipCode
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77046 | ||
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Entity Address City Or Town
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Houston, | ||
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Entity Address State Or Province
EntityAddressStateOrProvince
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TX | ||
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City Area Code
CityAreaCode
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713 | ||
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Local Phone Number
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842-9050 | ||
dei |
Security12b Title
Security12bTitle
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Class A Common Stock, par value $0.0001 | ||
dei |
Trading Symbol
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MGY | ||
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Security Exchange Name
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NYSE | ||
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Entity Current Reporting Status
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Yes | ||
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Entity Interactive Data Current
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Yes | ||
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Large Accelerated Filer | ||
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NonoperatingIncomeExpense
|
-13420000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-14210000 | USD | |
CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-32567000 | USD |
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
36448000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2003691000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
62935000 | USD | |
CY2020Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3176000 | USD |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5145000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-79001000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8920000 | USD | |
CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-29391000 | USD |
CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
31303000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
-1924690000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
54015000 | USD | |
CY2020Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-11119000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
12797000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-679408000 | USD | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
22484000 | USD | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18272000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
18506000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1245282000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
31531000 | USD | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
166572000 | shares |
CY2019Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
156844000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
166860000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
156584000 | shares | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
166572000 | shares |
CY2019Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
159057000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
166860000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
158587000 | shares | |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2707955000 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2432000 | USD |
CY2019Q1 | us-gaap |
Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
|
-87000 | USD |
CY2019Q1 | mgy |
Shares Redeemed During Period Business Acquisition Value
SharesRedeemedDuringPeriodBusinessAcquisitionValue
|
25245000 | USD |
CY2019Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
8809000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
22713000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2716577000 | USD |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3115000 | USD |
CY2019Q2 | us-gaap |
Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
|
742000 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
33693000 | USD |
CY2019Q2 | mgy |
Adjustments To Additional Paid In Capital Offering Expenses Incurred In Connection With Warrants Exchange
AdjustmentsToAdditionalPaidInCapitalOfferingExpensesIncurredInConnectionWithWarrantsExchange
|
1055000 | USD |
CY2019Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
227000 | USD |
CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
31303000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2784148000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2728529000 | USD |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2879000 | USD |
CY2020Q1 | us-gaap |
Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
|
0 | USD |
CY2020Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
452000 | USD |
CY2020Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
6483000 | USD |
CY2020Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
284000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-1895299000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
828890000 | USD |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3065000 | USD |
CY2020Q2 | us-gaap |
Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
|
0 | USD |
CY2020Q2 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
33000 | USD |
CY2020Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
207000 | USD |
CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-29391000 | USD |
CY2020Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
802324000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
-1924690000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
54015000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
193542000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
242048000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7253000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7253000 | USD | |
mgy |
Noncash Exploration Expense
NoncashExplorationExpense
|
561629000 | USD | |
mgy |
Noncash Exploration Expense
NoncashExplorationExpense
|
483000 | USD | |
mgy |
Impairment Of Proved Oil And Gas Properties
ImpairmentOfProvedOilAndGasProperties
|
1381258000 | USD | |
mgy |
Impairment Of Proved Oil And Gas Properties
ImpairmentOfProvedOilAndGasProperties
|
0 | USD | |
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
2902000 | USD | |
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
2701000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1797000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1752000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-77834000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
8351000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5944000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5547000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
1052000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
424000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-45249000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
14541000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-14894000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5575000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-13958000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-14454000 | USD | |
mgy |
Increase Decreasein Drilling Advances
IncreaseDecreaseinDrillingAdvances
|
343000 | USD | |
mgy |
Increase Decreasein Drilling Advances
IncreaseDecreaseinDrillingAdvances
|
-11073000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
961000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-12000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
165842000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
309391000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
-4250000 | USD | |
us-gaap |
Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
|
69782000 | USD | |
us-gaap |
Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
|
91903000 | USD | |
us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
129651000 | USD | |
us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
263064000 | USD | |
mgy |
Payments To Acquire Oil And Gas Property And Equipment Changes In Working Capital
PaymentsToAcquireOilAndGasPropertyAndEquipmentChangesInWorkingCapital
|
24381000 | USD | |
mgy |
Payments To Acquire Oil And Gas Property And Equipment Changes In Working Capital
PaymentsToAcquireOilAndGasPropertyAndEquipmentChangesInWorkingCapital
|
4245000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
345000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
248000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-224159000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-355210000 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
7301000 | USD | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
490000 | USD | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
226000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
6483000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-493000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-305000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-7466000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6770000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-65783000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-39049000 | USD | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
182633000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
135758000 | USD |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
116850000 | USD |
CY2019Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
96709000 | USD |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
390000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
12540000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
13063000 | USD | |
mgy |
Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
|
16341000 | USD | |
mgy |
Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
|
46524000 | USD | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
6382000 | USD | |
us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
0 | USD | |
us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
33693000 | USD | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1508000 | USD | |
mgy |
Revenue From Contract With Customers General Required Payment Period
RevenueFromContractWithCustomersGeneralRequiredPaymentPeriod
|
P30D | ||
CY2020Q2 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
51300000 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
100400000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
1900000000 | USD |
CY2020Q1 | mgy |
Impairment Of Proved Oil And Gas Properties
ImpairmentOfProvedOilAndGasProperties
|
1400000000 | USD |
CY2020Q1 | mgy |
Impairment Of Unproved Oil And Gas Properties
ImpairmentOfUnprovedOilAndGasProperties
|
600000000 | USD |
CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
27801000 | USD |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
20549000 | USD |
CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
16599000 | USD |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
23851000 | USD |
us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P3Y3M | ||
CY2019 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P3Y3M | |
CY2020Q2 | mgy |
Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
|
16341000 | USD |
CY2019Q4 | mgy |
Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
|
40722000 | USD |
CY2020Q2 | mgy |
Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
|
6292000 | USD |
CY2019Q4 | mgy |
Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
|
9753000 | USD |
CY2020Q2 | mgy |
Accrued Interest Current
AccruedInterestCurrent
|
10000000 | USD |
CY2019Q4 | mgy |
Accrued Interest Current
AccruedInterestCurrent
|
10000000 | USD |
CY2020Q2 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
23146000 | USD |
CY2019Q4 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
35305000 | USD |
CY2020Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
55779000 | USD |
CY2019Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
95780000 | USD |
CY2020Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
400000000 | USD |
CY2019Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
400000000 | USD |
CY2020Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
9536000 | USD |
CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
10165000 | USD |
CY2020Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
390464000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
389835000 | USD |
CY2019Q2 | us-gaap |
Litigation Reserve
LitigationReserve
|
0 | USD |
CY2020Q2 | us-gaap |
Litigation Reserve
LitigationReserve
|
0 | USD |
us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
-1200000 | USD | |
us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-400000 | USD | |
CY2020Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.098 | |
CY2019Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.141 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.039 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.142 | ||
CY2020Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
206300000 | USD |
CY2020Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
206300000 | USD |
CY2020Q2 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
5000 | USD |
CY2019Q2 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-176000 | USD |
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-1167000 | USD | |
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | USD | |
CY2020Q2 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | USD |
CY2019Q2 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
386000 | USD |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | USD | |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
569000 | USD | |
CY2020Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
5000 | USD |
CY2019Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
210000 | USD |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-1167000 | USD | |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
569000 | USD | |
CY2020Q2 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | USD |
CY2020Q2 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-2916000 | USD |
CY2019Q2 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
5092000 | USD |
us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-71792000 | USD | |
us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
8454000 | USD | |
CY2020Q2 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-265000 | USD |
CY2019Q2 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-157000 | USD |
us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-6042000 | USD | |
us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-103000 | USD | |
CY2020Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-3181000 | USD |
CY2019Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
4935000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-77834000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
8351000 | USD | |
CY2020Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3176000 | USD |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5145000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-79001000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8920000 | USD | |
CY2020Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2019Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3100000 | USD |
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3100000 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5900000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5500000 | USD |