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AI brief of an SEC Form 8-K · Magnolia Oil & Gas (MGY)

Magnolia Completes $2.57 Billion WildFire Acquisition, Issues 32,203,000 Shares

Neutral Impact 4 of 5 m&a Written later

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.

Key points

  • 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.

The filing

CompanyMagnolia Oil & Gas (MGY)
Form8-K, current report
Filed with the SECSep 14, 2026, 4:10 PM ET
Accession number0001104659-26-107498

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 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 September 14, 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.