Nov 4, 4:00 PM ET
Magnolia Oil & Gas reported third-quarter 2026 net income of $80.5 million, or $0.35 per diluted share, compared with $78.2 million, or $0.40 per share, a year earlier. Total revenue rose to $513.9 million from $324.9 million, while adjusted net income was $166.3 million, or $0.71 per share, after excluding $68.7 million of WildFire acquisition costs and a $39.9 million unrealized derivative loss. The board also raised the share repurchase authorization by 15 million shares, leaving 22.6 million shares available, which matters to shareholders because it gives the company more room to buy back stock.
- Q3 2026 net income was $80.5 million versus $78.2 million a year earlier; diluted EPS was $0.35 versus $0.40.
- Adjusted EBITDAX was $392.0 million versus $218.8 million; adjusted EPS was $0.71.
- The company repurchased 2.3 million shares for $60.2 million in the quarter and raised its authorization by 15 million shares to 22.6 million remaining.
- Q4 2026 guidance calls for total production of 159 to 161 Mboe/d and D&C capital spending of about $235 million.
Read the filing on SEC.gov ↗
Oct 1, 6:05 AM ET
Magnolia Oil & Gas provided an interim update after closing its acquisition of WildFire Energy, reporting approximately $1.9 billion of net debt at the end of the third quarter, lower than expected. The company also issued fourth-quarter 2026 production, capital spending and cost guidance for the first full quarter including WildFire, and said it expects one-time transaction and integration costs of approximately $65 to $75 million in the third quarter.
- Net debt of approximately $1.9 billion at end of Q3 2026; leverage below 1.0x net debt to 2027E EBITDA at current strip prices
- Q4 2026 guidance: production of 159 to 161 Mboe/d (49% to 50% oil) and D&C capital spending of approximately $235 million
- One-time transaction and integration costs of approximately $65 to $75 million expected in Q3 2026
- Purchased approximately 2.3 million shares in Q3 2026; about 267 million shares outstanding at quarter-end
Read the filing on SEC.gov ↗
Sep 14, 4:10 PM ET
Magnolia Oil & Gas completed its acquisition of WildFire Energy I LLC on September 10, 2026. The purchase price combined $2,570 million in cash, subject to final customary adjustments, 32,203,000 shares of Magnolia common stock, and the assumption of WildFire's $600.0 million 7.500% Senior Notes due 2029. The filing states that the share issuance was made under a Securities Act exemption and that resale registration rights were granted to the seller.
- Acquisition completed September 10, 2026, with cash consideration of $2,570 million subject to final customary adjustments.
- Equity consideration of 32,203,000 shares of common stock issued to seller WildFire Energy I LLC, with a 30-day lock-up on those shares.
- Magnolia assumed the $600.0 million 7.500% Senior Notes due 2029, which mature October 15, 2029.
- Magnolia Midstream LLC became a guarantor of Magnolia's 6.875% Senior Notes due 2032 and 6.625% Senior Notes due 2034.
Read the filing on SEC.gov ↗
Aug 5, 4:10 PM ET
On August 5, 2026, Magnolia's operating subsidiaries closed a $500.0 million offering of 6.625% senior notes due August 15, 2034. The proceeds, along with a July 22, 2026 Class A stock offering, revolving credit borrowings and cash on hand, are to fund the cash consideration for the pending acquisition of WildFire Intermediate Holdings, LLC. The notes add a fixed debt obligation tied to that deal, which must be redeemed if the acquisition is not completed by March 19, 2027.
- $500.0 million principal at 6.625% per year, maturing August 15, 2034, with interest paid semi-annually starting February 15, 2027.
- Proceeds, with July 22, 2026 stock offering proceeds, revolver borrowings and cash on hand, fund the cash payment for 100% of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC.
- Notes must be redeemed at issue price plus accrued interest if the acquisition is not completed by March 19, 2027, or if Magnolia Operating decides not to pursue it.
- Holders may require repurchase at 101% of principal plus accrued interest upon certain changes of control.
Read the filing on SEC.gov ↗
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