$MGY
Magnolia Oil & Gas Corp

2024 Q3 Form 10-Q Financial Statement

#000169899024000041 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $333.1M
YoY Change 5.53%
Cost Of Revenue $55.12M
YoY Change 19.31%
Gross Profit $278.0M
YoY Change 3.16%
Gross Profit Margin 83.45%
Selling, General & Admin $39.43M
YoY Change 15.28%
% of Gross Profit 14.18%
Research & Development $491.0K
YoY Change -90.37%
% of Gross Profit 0.18%
Depreciation & Amortization $107.3M
YoY Change 32.26%
% of Gross Profit 38.61%
Operating Expenses $149.0M
YoY Change 22.84%
Operating Profit $129.0M
YoY Change -12.91%
Interest Expense -$3.856M
YoY Change -485.6%
% of Operating Profit -2.99%
Other Income/Expense, Net $3.430M
YoY Change 518.02%
Pretax Income $132.4M
YoY Change -10.93%
Income Tax $26.53M
% Of Pretax Income 20.03%
Net Earnings $99.78M
YoY Change -2.2%
Net Earnings / Revenue 29.95%
Basic Earnings Per Share
Diluted Earnings Per Share $0.53
COMMON SHARES
Basic Shares Outstanding 187.9M shares
Diluted Shares Outstanding 187.9M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $276.1M
YoY Change -55.35%
Cash & Equivalents $276.1M
Short-Term Investments
Other Short-Term Assets $1.555M
YoY Change 206.71%
Inventory
Prepaid Expenses
Receivables $136.2M
Other Receivables $0.00
Total Short-Term Assets $415.2M
YoY Change -48.47%
LONG-TERM ASSETS
Property, Plant & Equipment $2.274B
YoY Change 35.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.15M
YoY Change -51.3%
Total Long-Term Assets $2.396B
YoY Change 29.73%
TOTAL ASSETS
Total Short-Term Assets $415.2M
Total Long-Term Assets $2.396B
Total Assets $2.811B
YoY Change 5.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.3M
YoY Change -10.39%
Accrued Expenses $34.59M
YoY Change -25.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $281.5M
YoY Change -7.3%
LONG-TERM LIABILITIES
Long-Term Debt $394.8M
YoY Change 0.66%
Other Long-Term Liabilities $14.73M
YoY Change 44.77%
Total Long-Term Liabilities $568.9M
YoY Change 13.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $281.5M
Total Long-Term Liabilities $568.9M
Total Liabilities $850.4M
YoY Change 5.59%
SHAREHOLDERS EQUITY
Retained Earnings $694.1M
YoY Change 69.61%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.908B
YoY Change
Total Liabilities & Shareholders Equity $2.811B
YoY Change 5.97%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $99.78M
YoY Change -2.2%
Depreciation, Depletion And Amortization $107.3M
YoY Change 32.26%
Cash From Operating Activities $217.9M
YoY Change 16.33%
INVESTING ACTIVITIES
Capital Expenditures $104.9M
YoY Change -18.83%
Acquisitions
YoY Change
Other Investing Activities -$24.70M
YoY Change -25.61%
Cash From Investing Activities -$129.6M
YoY Change -20.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -87.87M
YoY Change 5.87%
NET CHANGE
Cash From Operating Activities 217.9M
Cash From Investing Activities -129.6M
Cash From Financing Activities -87.87M
Net Change In Cash 456.0K
YoY Change -100.79%
FREE CASH FLOW
Cash From Operating Activities $217.9M
Capital Expenditures $104.9M
Free Cash Flow $113.0M
YoY Change 94.53%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Fiscal Period Focus
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dei Amendment Flag
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dei Document Type
DocumentType
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dei Document Quarterly Report
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dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
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dei Entity Registrant Name
EntityRegistrantName
Magnolia Oil & Gas Corp
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei Entity Address Postal Zip Code
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dei Entity Address City Or Town
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dei Security12b Title
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dei Trading Symbol
TradingSymbol
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dei Security Exchange Name
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