Magnolia Oil & Gas Q1 net income falls 5% to $100.8 million as output rises 6%
Magnolia Oil & Gas reported first quarter 2026 net income of $100.8 million, down 5% from $106.6 million a year earlier, while diluted earnings per share were flat at $0.54. Revenue rose to $358.5 million from $350.3 million, and production grew 6% to 102.6 thousand barrels of oil equivalent per day. The company reiterated its 2026 capital and production growth guidance and said it made about $155 million of bolt-on acquisitions in the quarter.
Key points
- Net income $100.8 million versus $106.6 million a year earlier; diluted EPS $0.54 in both periods
- Total revenues $358.5 million versus $350.3 million; adjusted EBITDAX $252.9 million versus $248.4 million
- Bolt-on acquisitions of about $155 million covering roughly 6,200 net acres; $51.9 million spent on share repurchases
- Full-year 2026 total capital spending reiterated at $440 million to $480 million, with production growth of about 5%; quarterly dividend of $0.165 per share payable June 1, 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 May 06, 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.