Magnolia Q3 diluted EPS $0.35, down from $0.40, as revenue rose to $513.9 million
Magnolia Oil & Gas reported third-quarter 2026 net income of $80.5 million, or $0.35 per diluted share, compared with $78.2 million, or $0.40 per share, a year earlier. Total revenue rose to $513.9 million from $324.9 million, while adjusted net income was $166.3 million, or $0.71 per share, after excluding $68.7 million of WildFire acquisition costs and a $39.9 million unrealized derivative loss. The board also raised the share repurchase authorization by 15 million shares, leaving 22.6 million shares available, which matters to shareholders because it gives the company more room to buy back stock.
Key points
- Q3 2026 net income was $80.5 million versus $78.2 million a year earlier; diluted EPS was $0.35 versus $0.40.
- Adjusted EBITDAX was $392.0 million versus $218.8 million; adjusted EPS was $0.71.
- The company repurchased 2.3 million shares for $60.2 million in the quarter and raised its authorization by 15 million shares to 22.6 million remaining.
- Q4 2026 guidance calls for total production of 159 to 161 Mboe/d and D&C capital spending of about $235 million.
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
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