$MGY
Magnolia Oil & Gas Corp

2022 Q2 Form 10-Q Financial Statement

#000169899022000035 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $484.6M $377.8M $336.4M
YoY Change 92.28% 80.69% 125.46%
Cost Of Revenue $48.99M $44.58M $45.76M
YoY Change 51.85% 58.1% 76.0%
Gross Profit $435.7M $333.3M $290.6M
YoY Change 98.22% 85.66% 135.7%
Gross Profit Margin 89.89% 88.2% 86.4%
Selling, General & Admin $39.74M $34.65M $35.54M
YoY Change 34.4% 11.42% 32.61%
% of Gross Profit 9.12% 10.4% 12.23%
Research & Development $3.408M $5.538M $1.685M
YoY Change 5396.77% 163.71% -54.46%
% of Gross Profit 0.78% 1.66% 0.58%
Depreciation & Amortization $57.25M $53.11M $53.42M
YoY Change 32.13% 23.66% 9.69%
% of Gross Profit 13.14% 15.94% 18.38%
Operating Expenses $101.2M $94.09M $91.51M
YoY Change 24.02% 18.2% 13.53%
Operating Profit $328.3M $235.9M $199.1M
YoY Change 154.09% 136.12% 366.31%
Interest Expense -$7.017M -$8.957M -$7.483M
YoY Change -28.08% 14.83% 66.29%
% of Operating Profit -2.14% -3.8% -3.76%
Other Income/Expense, Net -$479.0K -$9.150M $37.00K
YoY Change -95.49% 14.3% -99.05%
Pretax Income $327.8M $226.7M $194.6M
YoY Change 176.44% 146.73% 363.26%
Income Tax $27.88M $18.10M $2.423M
% Of Pretax Income 8.5% 7.98% 1.25%
Net Earnings $250.6M $166.0M $150.2M
YoY Change 196.74% 162.54% 442.34%
Net Earnings / Revenue 51.7% 43.94% 44.66%
Basic Earnings Per Share
Diluted Earnings Per Share $1.329M $906.5K $827.3K
COMMON SHARES
Basic Shares Outstanding 188.1M shares 182.6M shares
Diluted Shares Outstanding 188.6M shares 183.2M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $501.9M $346.4M $367.0M
YoY Change 163.76% 94.39% 90.54%
Cash & Equivalents $501.9M $346.4M $367.0M
Short-Term Investments
Other Short-Term Assets $1.150M $1.688M $552.0K
YoY Change -45.08% -39.97% -84.67%
Inventory
Prepaid Expenses
Receivables $247.4M $179.7M $149.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $750.5M $530.3M $517.9M
YoY Change 139.88% 83.34% 83.97%
LONG-TERM ASSETS
Property, Plant & Equipment $1.320B $1.248B $1.216B
YoY Change 12.63% 8.77% 5.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.19M $8.854M $9.036M
YoY Change 13.59% 44.44% 29.47%
Total Long-Term Assets $1.336B $1.264B $1.229B
YoY Change 12.72% 8.38% 4.86%
TOTAL ASSETS
Total Short-Term Assets $750.5M $530.3M $517.9M
Total Long-Term Assets $1.336B $1.264B $1.229B
Total Assets $2.087B $1.795B $1.747B
YoY Change 39.27% 23.27% 20.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $186.8M $134.7M $127.9M
YoY Change 102.8% 81.66% 104.24%
Accrued Expenses $72.57M $43.88M $29.94M
YoY Change 90.06% 43.41% -20.38%
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 $333.0M $238.7M $218.5M
YoY Change 98.29% 89.57% 69.48%
LONG-TERM LIABILITIES
Long-Term Debt $389.2M $388.6M $388.1M
YoY Change 0.57% -0.72% -0.77%
Other Long-Term Liabilities $4.570M $4.342M $5.146M
YoY Change -30.65% -17.2% -9.75%
Total Long-Term Liabilities $485.2M $483.5M $482.9M
YoY Change -0.52% -0.49% -0.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $333.0M $238.7M $218.5M
Total Long-Term Liabilities $485.2M $483.5M $482.9M
Total Liabilities $818.2M $722.2M $701.5M
YoY Change 24.79% 18.05% 14.25%
SHAREHOLDERS EQUITY
Retained Earnings -$291.5M -$542.1M -$708.2M
YoY Change -70.18% -48.96% -37.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.098B $897.6M $816.8M
YoY Change
Total Liabilities & Shareholders Equity $2.087B $1.795B $1.747B
YoY Change 39.27% 23.27% 20.18%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $250.6M $166.0M $150.2M
YoY Change 196.74% 162.54% 442.34%
Depreciation, Depletion And Amortization $57.25M $53.11M $53.42M
YoY Change 32.13% 23.66% 9.69%
Cash From Operating Activities $379.1M $238.9M $260.5M
YoY Change 101.85% 102.17% 229.38%
INVESTING ACTIVITIES
Capital Expenditures -$123.2M -$84.23M -$73.68M
YoY Change 127.55% 109.53% 81.48%
Acquisitions
YoY Change
Other Investing Activities $7.107M -$131.0K -$6.318M
YoY Change 59.71% -131.49% -129.52%
Cash From Investing Activities -$116.1M -$71.21M -$80.00M
YoY Change 133.62% 66.05% 316.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -107.5M -$188.2M -58.58M
YoY Change -14.74% 110.01% 268.45%
NET CHANGE
Cash From Operating Activities 379.1M $238.9M 260.5M
Cash From Investing Activities -116.1M -$71.21M -80.00M
Cash From Financing Activities -107.5M -$188.2M -58.58M
Net Change In Cash 155.5M -$20.59M 122.0M
YoY Change 1193.53% 43.29% 177.18%
FREE CASH FLOW
Cash From Operating Activities $379.1M $238.9M $260.5M
Capital Expenditures -$123.2M -$84.23M -$73.68M
Free Cash Flow $502.4M $323.1M $334.2M
YoY Change 107.6% 104.04% 179.22%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Local Phone Number
LocalPhoneNumber
842-9050
dei Entity Central Index Key
EntityCentralIndexKey
0001698990
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
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
Nine Greenway Plaza, Suite 1300
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77046
dei Entity Address City Or Town
EntityAddressCityOrTown
Houston,
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei City Area Code
CityAreaCode
713
dei Security12b Title
Security12bTitle
Class A Common Stock, par value $0.0001
dei Trading Symbol
TradingSymbol
MGY
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
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Yes
dei Entity Filer Category
EntityFilerCategory
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dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
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