$MGY
Magnolia Oil & Gas Corp Stock $mgy

$mgy Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000169899022000024 Filed on May 10, 2022

Income Statement

Concept	2022 Q1	2021 Q1
Revenue	$377.8M	$209.1M
YoY Change	80.69%	15.3%
Cost Of Revenue	$44.58M	$28.20M
YoY Change	58.1%	-12.42%
Gross Profit	$333.3M	$179.5M
YoY Change	85.66%	20.31%
Gross Profit Margin	88.2%	85.84%
Selling, General & Admin	$34.65M	$31.10M
YoY Change	11.42%	10.68%
% of Gross Profit	10.4%	17.33%
Research & Development	$5.538M	$2.100M
YoY Change	163.71%	-99.62%
% of Gross Profit	1.66%	1.17%
Depreciation & Amortization	$53.11M	$42.94M
YoY Change	23.66%	-69.9%
% of Gross Profit	15.94%	23.92%
Operating Expenses	$94.09M	$79.60M
YoY Change	18.2%	-89.13%
Operating Profit	$235.9M	$99.90M
YoY Change	136.12%	-105.09%
Interest Expense	-$8.957M	-$7.800M
YoY Change	14.83%	23.81%
% of Operating Profit	-3.8%	-7.81%
Other Income/Expense, Net	-$9.150M	-$8.005M
YoY Change	14.3%	17.91%
Pretax Income	$226.7M	$91.89M
YoY Change	146.73%	-104.66%
Income Tax	$18.10M	$399.0K
% Of Pretax Income	7.98%	0.43%
Net Earnings	$166.0M	$63.24M
YoY Change	162.54%	-105.15%
Net Earnings / Revenue	43.94%	30.24%
Basic Earnings Per Share
Diluted Earnings Per Share	$906.5K	$372.6K
COMMON SHARES
Basic Shares Outstanding	182.6M shares	167.0M shares
Diluted Shares Outstanding	183.2M shares	169.6M shares

Balance Sheet

Concept	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$346.4M	$178.2M
YoY Change	94.39%	21.64%
Cash & Equivalents	$346.4M	$178.2M
Short-Term Investments
Other Short-Term Assets	$1.688M	$2.812M
YoY Change	-39.97%	-32.18%
Inventory
Prepaid Expenses
Receivables	$179.7M	$107.2M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$530.3M	$289.2M
YoY Change	83.34%	26.16%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.248B	$1.148B
YoY Change	8.77%	-5.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$8.854M	$6.130M
YoY Change	44.44%	62.34%
Total Long-Term Assets	$1.264B	$1.167B
YoY Change	8.38%	-7.53%
TOTAL ASSETS
Total Short-Term Assets	$530.3M	$289.2M
Total Long-Term Assets	$1.264B	$1.167B
Total Assets	$1.795B	$1.456B
YoY Change	23.27%	-2.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$134.7M	$74.13M
YoY Change	81.66%	-13.96%
Accrued Expenses	$43.88M	$30.60M
YoY Change	43.41%	-36.12%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$238.7M	$125.9M
YoY Change	89.57%	-26.22%
LONG-TERM LIABILITIES
Long-Term Debt	$388.6M	$391.4M
YoY Change	-0.72%	0.33%
Other Long-Term Liabilities	$4.342M	$5.244M
YoY Change	-17.2%	480.73%
Total Long-Term Liabilities	$483.5M	$485.9M
YoY Change	-0.49%	-1.09%
TOTAL LIABILITIES
Total Short-Term Liabilities	$238.7M	$125.9M
Total Long-Term Liabilities	$483.5M	$485.9M
Total Liabilities	$722.2M	$611.8M
YoY Change	18.05%	-7.57%
SHAREHOLDERS EQUITY
Retained Earnings	-$542.1M	-$1.062B
YoY Change	-48.96%	-7.16%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$897.6M	$609.8M
YoY Change
Total Liabilities & Shareholders Equity	$1.795B	$1.456B
YoY Change	23.27%	-2.35%

Cashflow Statement

Concept	2022 Q1	2021 Q1
OPERATING ACTIVITIES
Net Income	$166.0M	$63.24M
YoY Change	162.54%	-105.15%
Depreciation, Depletion And Amortization	$53.11M	$42.94M
YoY Change	23.66%	-69.9%
Cash From Operating Activities	$238.9M	$118.2M
YoY Change	102.17%	-12.4%
INVESTING ACTIVITIES
Capital Expenditures	-$84.23M	-$40.20M
YoY Change	109.53%	-57.32%
Acquisitions
YoY Change
Other Investing Activities	-$131.0K	$416.0K
YoY Change	-131.49%	108.0%
Cash From Investing Activities	-$71.21M	-$42.88M
YoY Change	66.05%	-73.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$188.2M	-$89.64M
YoY Change	110.01%	1141.67%
NET CHANGE
Cash From Operating Activities	$238.9M	$118.2M
Cash From Investing Activities	-$71.21M	-$42.88M
Cash From Financing Activities	-$188.2M	-$89.64M
Net Change In Cash	-$20.59M	-$14.37M
YoY Change	43.29%	-60.25%
FREE CASH FLOW
Cash From Operating Activities	$238.9M	$118.2M
Capital Expenditures	-$84.23M	-$40.20M
Free Cash Flow	$323.1M	$158.4M
YoY Change	104.04%	-30.87%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001698990
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-38083
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	Magnolia Oil & Gas Corp
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	81-5365682
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	Nine Greenway Plaza, Suite 1300
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77046
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston,
CY2021Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	9036000	USD
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2022Q1	dei	City Area Code CityAreaCode	713
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	842-9050
CY2022Q1	dei	Security12b Title Security12bTitle	Class A Common Stock, par value $0.0001
CY2022Q1	dei	Trading Symbol TradingSymbol	MGY
CY2022Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q1	dei	Entity Shell Company EntityShellCompany	false
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	346396000	USD
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	366982000	USD
CY2022Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	179652000	USD
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	149769000	USD
CY2022Q1	mgy	Drilling Advances DrillingAdvances	2516000	USD
CY2021Q4	mgy	Drilling Advances DrillingAdvances	615000	USD
CY2022Q1	us-gaap	Other Assets Current OtherAssetsCurrent	1688000	USD
CY2021Q4	us-gaap	Other Assets Current OtherAssetsCurrent	552000	USD
CY2022Q1	us-gaap	Assets Current AssetsCurrent	530252000	USD
CY2021Q4	us-gaap	Assets Current AssetsCurrent	517918000	USD
CY2022Q1	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	2467167000	USD
CY2021Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	2381812000	USD
CY2022Q1	us-gaap	Other Oil And Gas Property Successful Effort Method OtherOilAndGasPropertySuccessfulEffortMethod	7173000	USD
CY2021Q4	us-gaap	Other Oil And Gas Property Successful Effort Method OtherOilAndGasPropertySuccessfulEffortMethod	7036000	USD
CY2022Q1	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	1225849000	USD
CY2021Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	1172761000	USD
CY2022Q1	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	1248491000	USD
CY2021Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	1216087000	USD
CY2022Q1	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	7017000	USD
CY2021Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	3701000	USD
CY2022Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8854000	USD
CY2022Q1	mgy	Assets Noncurrent Excluding Oil And Gas Property Successful Effort Method Net AssetsNoncurrentExcludingOilAndGasPropertySuccessfulEffortMethodNet	15871000	USD
CY2021Q4	mgy	Assets Noncurrent Excluding Oil And Gas Property Successful Effort Method Net AssetsNoncurrentExcludingOilAndGasPropertySuccessfulEffortMethodNet	12737000	USD
CY2022Q1	us-gaap	Assets Assets	1794614000	USD
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CY2022Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	134652000	USD
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	127909000	USD
CY2022Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	104082000	USD
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	90636000	USD
CY2022Q1	us-gaap	Liabilities Current LiabilitiesCurrent	238734000	USD
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	218545000	USD
CY2022Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	388647000	USD
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	388087000	USD
CY2022Q1	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	90523000	USD
CY2021Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	89715000	USD
CY2022Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	4342000	USD
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	5146000	USD
CY2022Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	483512000	USD
CY2021Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	482948000	USD
CY2022Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2022Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1649111000	USD
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1689500000	USD
CY2022Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	16218000	shares
CY2021Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	14168000	shares
CY2022Q1	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	209418000	USD
CY2021Q4	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	164599000	USD
CY2022Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-542129000	USD
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-708168000	USD
CY2022Q1	us-gaap	Minority Interest MinorityInterest	174780000	USD
CY2021Q4	us-gaap	Minority Interest MinorityInterest	228492000	USD
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1072368000	USD
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1045249000	USD
CY2022Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1794614000	USD
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1746742000	USD
CY2022Q1	us-gaap	Revenues Revenues	377839000	USD
CY2021Q1	us-gaap	Revenues Revenues	209107000	USD
CY2022Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	28744000	USD
CY2021Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	19392000	USD
CY2022Q1	mgy	Gas Gathering Transportation Marketingand Processing Costs1 GasGatheringTransportationMarketingandProcessingCosts1	15840000	USD
CY2021Q1	mgy	Gas Gathering Transportation Marketingand Processing Costs1 GasGatheringTransportationMarketingandProcessingCosts1	10243000	USD
CY2022Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	20882000	USD
CY2021Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	10762000	USD
CY2022Q1	us-gaap	Exploration Expense ExplorationExpense	5538000	USD
CY2021Q1	us-gaap	Exploration Expense ExplorationExpense	2062000	USD
CY2022Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	789000	USD
CY2021Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1331000	USD
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	53106000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	42944000	USD
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	0	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2113000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	208620000	USD
CY2022Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	17070000	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	20364000	USD
CY2022Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	141969000	USD
CY2021Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	109211000	USD
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	235870000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	99896000	USD
CY2022Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-9357000	USD
CY2021Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-7294000	USD
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CY2021Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-482000	USD
CY2022Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	207000	USD
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CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-9150000	USD
CY2021Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-8005000	USD
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	226720000	USD
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CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	18100000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	399000	USD
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CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	166039000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	63244000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	182578000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	166952000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	183163000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	169636000	shares
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	839422000	USD
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CY2022Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	11637000	USD
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2022Q1	us-gaap	Dividends Common Stock DividendsCommonStock	37283000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	208620000	USD
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1072368000	USD
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CY2021Q1	us-gaap	Profit Loss ProfitLoss	91492000	USD
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CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	42944000	USD
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	0	USD
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CY2022Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	789000	USD
CY2021Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1331000	USD
CY2022Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2812000	USD
CY2021Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	910000	USD
CY2022Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	0	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-482000	USD
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2885000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2705000	USD
CY2022Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	0	USD
CY2021Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	84000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	29883000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	25670000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	6743000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	11499000	USD
CY2022Q1	mgy	Increase Decreasein Drilling Advances IncreaseDecreaseinDrillingAdvances	1901000	USD
CY2021Q1	mgy	Increase Decreasein Drilling Advances IncreaseDecreaseinDrillingAdvances	-2823000	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2451000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-12997000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	1851000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-605000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	238869000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	118153000	USD
CY2022Q1	us-gaap	Payments To Acquire Business Two Net Of Cash Acquired PaymentsToAcquireBusinessTwoNetOfCashAcquired	1055000	USD
CY2021Q1	us-gaap	Payments To Acquire Business Two Net Of Cash Acquired PaymentsToAcquireBusinessTwoNetOfCashAcquired	558000	USD
CY2022Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	84230000	USD
CY2021Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	40166000	USD
CY2022Q1	mgy	Payments To Acquire Oil And Gas Property And Equipment Changes In Working Capital PaymentsToAcquireOilAndGasPropertyAndEquipmentChangesInWorkingCapital	-13946000	USD
CY2021Q1	mgy	Payments To Acquire Oil And Gas Property And Equipment Changes In Working Capital PaymentsToAcquireOilAndGasPropertyAndEquipmentChangesInWorkingCapital	1744000	USD
CY2022Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-131000	USD
CY2021Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	416000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-71208000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-42884000	USD
CY2022Q1	mgy	Payments For Compliance Of Non Compete Agreement PaymentsForComplianceOfNonCompeteAgreement	0	USD
CY2021Q1	mgy	Payments For Compliance Of Non Compete Agreement PaymentsForComplianceOfNonCompeteAgreement	17152000	USD
CY2022Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	37174000	USD
CY2021Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	0	USD
CY2022Q1	us-gaap	Payments Of Debt Restructuring Costs PaymentsOfDebtRestructuringCosts	5272000	USD
CY2021Q1	us-gaap	Payments Of Debt Restructuring Costs PaymentsOfDebtRestructuringCosts	0	USD
CY2022Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	11637000	USD
CY2021Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	155000	USD
CY2022Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-5945000	USD
CY2021Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1267000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-188247000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-89636000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-20586000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-14367000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	366982000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	192561000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	346396000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	178194000	USD
CY2022Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	13000000	USD
CY2021Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	12225000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	12441000	USD
CY2022Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	43882000	USD
CY2021Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	14624000	USD
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	404000	USD
CY2021Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	53000	USD
CY2022Q1	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	151100000	USD
CY2021Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	125100000	USD
CY2022Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	0	USD
CY2021Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	0	USD
CY2022Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	0	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-482000	USD
CY2022Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	0	USD
CY2021Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-482000	USD
CY2022Q1	mgy	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	43882000	USD
CY2021Q4	mgy	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	29936000	USD
CY2022Q1	mgy	Accrued Production Taxes Current AccruedProductionTaxesCurrent	12235000	USD
CY2021Q4	mgy	Accrued Production Taxes Current AccruedProductionTaxesCurrent	10084000	USD
CY2022Q1	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	47965000	USD
CY2021Q4	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	50616000	USD
CY2022Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	104082000	USD
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	90636000	USD
CY2022Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	400000000	USD
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	400000000	USD
CY2022Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	11353000	USD
CY2021Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	11913000	USD
CY2022Q1	us-gaap	Long Term Debt LongTermDebt	388647000	USD
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	388087000	USD
CY2022Q1	us-gaap	Litigation Reserve LitigationReserve	0	USD
CY2021Q1	us-gaap	Litigation Reserve LitigationReserve	0	USD
CY2022Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	16784000	USD
CY2021Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	USD
CY2022Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1316000	USD
CY2021Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	399000	USD
CY2022Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	18100000	USD
CY2021Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	399000	USD
CY2022Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	0	USD
CY2021Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	0	USD
CY2022Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	0	USD
CY2021Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	0	USD
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
CY2021Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	18100000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	399000	USD
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.080
CY2021Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.004
CY2022Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2022Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	0	USD
CY2022Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2022Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	204600000	USD
CY2022Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	204600000	USD
CY2022Q1	us-gaap	Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared	37300000	USD
CY2021Q3	us-gaap	Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared	14200000	USD
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2022Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	37300000	USD
CY2021Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.08
CY2021Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	14200000	USD
CY2022Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	37300000	USD
CY2021Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	14200000	USD
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2900000	USD
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2700000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	166039000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	63244000	USD
CY2022Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	1416000	USD
CY2021Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	213000	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	164623000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	63031000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	182578000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	166952000	shares
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	166039000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	63244000	USD
CY2022Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	1413000	USD
CY2021Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	210000	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	164626000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	63034000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	182578000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	166952000	shares
CY2022Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	585000	shares
CY2021Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2684000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	183163000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	169636000	shares

Files In Submission

Name	View Source	Status
0001698990-22-000024-index-headers.html	Edgar Link	pending
0001698990-22-000024-index.html	Edgar Link	pending
0001698990-22-000024.txt	Edgar Link	pending
0001698990-22-000024-xbrl.zip	Edgar Link	pending
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ex311q122.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mgy-20220331.htm	Edgar Link	pending
mgy-20220331.xsd	Edgar Link	pending
mgy-20220331_cal.xml	Edgar Link	unprocessable
mgy-20220331_def.xml	Edgar Link	unprocessable
mgy-20220331_htm.xml	Edgar Link	completed
mgy-20220331_lab.xml	Edgar Link	unprocessable
mgy-20220331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MGY
Magnolia Oil & Gas Corp Stock $mgy

2022 Q1 Form 10-Q Financial Statement

#000169899022000024 Filed on May 10, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGY Magnolia Oil & Gas Corp Stock $mgy

2022 Q1 Form 10-Q Financial Statement

#000169899022000024 Filed on May 10, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGY
Magnolia Oil & Gas Corp Stock $mgy