Magnolia Oil & Gas Ends Q3 With $1.9 Billion Net Debt, Issues Q4 Guidance
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.
Key points
- 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
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 October 01, 2026.
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