Magnolia Oil & Gas Q2 net income more than doubles to $181.8 million
Magnolia Oil & Gas reported second quarter 2026 net income of $181.8 million, or $0.97 per diluted share, up from $81.0 million, or $0.41 per share, a year earlier, on revenue of $478.8 million. The company raised its standalone full-year 2026 production growth guidance to 6% from 5% and is funding its pending WildFire Energy acquisition with about half debt and half equity.
Key points
- Q2 2026 net income $181.8 million vs. $81.0 million in Q2 2025; diluted EPS $0.97 vs. $0.41
- Total revenues $478.8 million vs. $319.0 million; production 106.1 thousand Boe/d, up 8% year over year
- Full-year 2026 standalone production growth guidance raised to 6% from 5%
- WildFire acquisition expected to close late in the third quarter of 2026; 53.3 million shares sold for net proceeds of $1.23 billion and $500 million of 6.625% senior notes due 2034 issued
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 August 05, 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.