NYSEEnergyOil & Gas Exploration & ProductionS&P SmallCap 600
$23.67
+0.15 (+0.64%)
Close of Nov 06, 2026 · end-of-day data
MGY 8-K filings in 2024
Every material Form 8-K Magnolia Oil & Gas filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. closed a private offering of $400.0 million of 6.875% senior notes due December 1, 2032, on November 26, 2024. The company used the proceeds in connection with redeeming all of its outstanding 6.00% senior notes due 2026 at 101.000% of principal plus accrued interest, which satisfies and discharges that indenture. The filing shows a refinancing that adds new debt while retiring older debt, and the 8-K does not state the company's overall debt level or the effect on its results.
$400.0 million of 6.875% senior notes due December 1, 2032, issued under an indenture with Regions Bank as trustee
Interest payable semi-annually on June 1 and December 1, starting June 1, 2025
Redeemed all 6.00% senior notes due 2026 at 101.000% of principal, plus accrued and unpaid interest, following a notice delivered November 14, 2024
New notes are general unsecured senior obligations, guaranteed on a senior unsecured basis by the guarantors
Magnolia Oil & Gas Operating LLC, a subsidiary of Magnolia Oil & Gas Corporation, amended and restated its senior secured reserve-based revolving credit facility on November 13, 2024. The new facility sets maximum commitments of $1.5 billion and an initial borrowing base of $800.0 million, with a maturity of November 13, 2029, subject to an earlier date tied to its 2026 notes. The filing does not include shareholder-level financial results, so its direct effect on shareholders is limited to the terms of the company's borrowing arrangements.
Maximum commitments of $1.5 billion, with a $50.0 million letter of credit sublimit and an initial borrowing base of $800.0 million
Maturity is November 13, 2029, or 91 days before the stated maturity of the 6.0% Senior Notes due 2026 if those notes exceed $50 million outstanding
Covenants include a leverage ratio below 3.50 to 1.00 and a current ratio above 1.00 to 1.00; the borrowing base is redetermined semi-annually
Full agreement filed as Exhibit 10.1, with certain schedules omitted
Magnolia Oil & Gas reported third quarter 2024 results on October 30, 2024. Total revenue rose from $315.7 million a year earlier to $333.1 million, and production grew 10%, but net income fell 10% and diluted earnings per share fell from $0.54 to $0.52, so the headline profit measures moved in opposite directions. The company also said fourth quarter capital spending is expected to be about $125 million, bringing 2024 capital spending to about $470 million.
Total revenue was $333.1 million, up from $315.7 million in the third quarter of 2023.
Net income attributable to Class A common stock was $99.8 million, or $0.52 per diluted share, versus $0.54 a year earlier; total net income fell 10% to $105.9 million.
Adjusted EBITDAX was $243.6 million, up 2% from $239.0 million; free cash flow was $126.1 million.
Fourth quarter production is expected to be about 93 Mboe/d, and 2024 capital spending is expected to be about $470 million, within the $450 million to $480 million budget range.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Magnolia Oil & Gas filing is on SEC EDGAR ↗. 8-K briefs of other companies →