Magnolia Oil & Gas to buy WildFire Energy for $2.65 billion cash plus 32.2 million shares
Magnolia Oil & Gas agreed on July 19, 2026 to acquire WildFire Energy's intermediate holding company, with total consideration the company values at approximately $4.06 billion including WildFire's debt. The deal requires $2.65 billion in cash and 32.2 million Magnolia shares, and closing is expected late in the third quarter of 2026, subject to conditions including HSR antitrust clearance. The company also raised its quarterly dividend 9% to $0.18 per share and plans a new $2.25 billion revolving credit facility to fund the deal.
Key points
- Cash consideration of $2,650 million plus 32,203,000 Magnolia Class A common shares, and assumption of $600 million of 7.500% Senior Notes due 2029
- Amended and restated reserve-based revolving credit facility with $2.25 billion maximum commitments and $1.75 billion borrowing capacity, effective upon closing
- $1.50 billion senior unsecured 364-day bridge facility committed by lenders; $200 million escrow deposit made on signing
- Quarterly dividend raised to $0.18 per share from $0.165, payable in the third quarter of 2026; closing expected late in Q3 2026
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.