Financial Performance - Magnolia's revenue for the year 2022 was $1694 million, a 57% increase year-over-year[39] - Adjusted EBITDAX for 2022 reached $1345 million, up 62% compared to the previous year[39] - Adjusted net income for 2022 was $978 million, a 69% increase year-over-year[39] - Free cash flow for 2022 amounted to $823 million, representing a 48% increase from the prior year[39] - The company's cash balance as of the end of 2022 stood at $675 million, an 84% increase year-over-year[39] Production and Operations - Total production in 2022 averaged 75400 barrels of oil equivalent per day (Mboe/d), a 14% increase year-over-year[39] - Giddings and Other Production accounted for 59% of total production in 2022, a 5% increase year-over-year[39] - The company's net debt to Q4 annualized adjusted EBITDAX ratio was -03x, indicating a net cash position[32] Capital Allocation - Magnolia repurchased 24 million shares during the fourth quarter of 2022[6, 42] - In 2022, the company repurchased 155 million shares[6] - The company plans to continue to opportunistically repurchase at least 1% of the total shares outstanding each quarter[19] - The quarterly dividend rate of $0115 per share is a 15% increase from 2022[23]

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-38083 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Magnolia Oil & Gas Corporation (Exact Name of Registrant as Specified in its Charter) Delaware ...

Magnolia Oil & Gas Corporation (NYSE:MGY) Q3 2022 Results Conference Call November 2, 2022 11:00 AM ET Company Participants Christopher Stavros - President and Chief Executive Officer Brian Corales - Chief Financial Officer Conference Call Participants Leo Mariani - MKM Neal Dingmann - Truist Securities Charles Meade - Johnson Rice Umang Choudhary - Goldman Sachs Tim Rezvan - KeyBanc Capital Markets Geoff Jay - Daniel Energy Partners Paul Diamond - Citi Operator Good day, and welcome to the Magnolia Oil Thi ...

Magnolia Oil & Gas Third Quarter 2022 Earnings Presentation November 2, 2022 Disclaimer FORWARD LOOKING STATEMENTS The information in this presentation and the oral statements made in connection therewith include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, reg ...

Magnolia Oil & Gas Corporation (NYSE:MGY) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Brian Corales ??? Vice President, Investor Relations Steve Chazen ??? Chairman, President and Chief Executive Officer Chris Stavros ??? Executive Vice President and Chief Financial Officer Conference Call Participants Neal Dingmann ??? Truist Securities Leo Mariani ??? MKM Partners Umang Choudhary ??? Goldman Sachs Austin Aucoin ??? Johnson Rice Nicholas Pope ??? Seaport Research Operat ...

Financial Performance - Magnolia Oil & Gas reported net income attributable to Class A Common Stock of $250.6 million for Q2 2022, translating to $1.32 per diluted share, compared to $416.6 million or $2.22 per diluted share for the six months ended June 30, 2022[116]. - Magnolia's total revenues for Q2 2022 were $484.6 million, compared to $252.1 million in Q2 2021, marking a 92% year-over-year increase[127]. - For the six months ended June 30, 2022, total revenues were $862.5 million, a 87% increase from $461.2 million in the same period of 2021[140]. - Net cash provided by operating activities for the six months ended June 30, 2022, was $618.0 million, compared to $306.0 million for the same period in 2021, reflecting a 102% increase[159]. Revenue Breakdown - Oil revenues for Q2 2022 reached $332.8 million, a 76% increase from $188.7 million in Q2 2021, driven by a 70% increase in average oil prices[127]. - Natural gas revenues increased by 156% to $85.3 million in Q2 2022 from $33.3 million in Q2 2021, supported by a 104% rise in average prices[128]. - NGL revenues rose to $66.5 million in Q2 2022, up 121% from $30.0 million in Q2 2021, with an 81% increase in average prices contributing significantly[129]. - Oil revenues for the six months ended June 30, 2022, were $595.5 million, up $259.8 million from $335.7 million in 2021, driven by a 67% increase in average prices[140]. - Natural gas revenues increased to $141.9 million, a $72.9 million rise compared to $69.0 million in 2021, attributed to a 67% increase in average prices and a 23% increase in production[141][142]. - NGL revenues rose to $125.1 million, an increase of $68.6 million from $56.5 million in 2021, due to an 81% increase in average prices[143]. Production and Operations - Total production for Q2 2022 was 74.2 thousand barrels of oil equivalent per day, a 14% increase from 64.9 thousand boe/d in Q2 2021[127]. - The average daily production for the six months ended June 30, 2022, was 73,024 boe/d, compared to 63,611 boe/d in 2021, indicating a 15% increase[140]. - The company operated a two-rig program during Q2 2022, focusing on multi-well development pads in the Giddings area[115]. - The company operated a two-rig program during the second quarter of 2022, focusing on multi-well development pads in the Giddings area[162]. Expenses and Capital Expenditures - Total operating expenses for the six months ended June 30, 2022, were $298.4 million, compared to $232.1 million in 2021, reflecting higher lease operating expenses and gathering, transportation, and processing costs[145]. - Lease operating expenses for the six months ended June 30, 2022, were $61.3 million, a $20.0 million increase from $41.4 million in 2021[145]. - Total capital expenditures for the six months ended June 30, 2022, were $207.5 million, up from $94.4 million in 2021, representing a 120% increase[162]. Shareholder Returns and Liquidity - The company declared a semi-annual cash dividend of $0.20 per share, totaling approximately $37.3 million, paid on March 1, 2022[117]. - The company declared a cash dividend of $0.20 per share of Class A Common Stock totaling $37.3 million, with $37.2 million paid as of June 30, 2022[167]. - As of June 30, 2022, Magnolia had repurchased 17.7 million shares at a cost of $246.3 million under its share repurchase program[118]. - The company repurchased 3.6 million shares of Class A Common Stock for approximately $81.7 million during the six months ended June 30, 2022[163]. - As of June 30, 2022, the company had $951.9 million in liquidity, including $450.0 million of borrowing base capacity and $501.9 million in cash and cash equivalents[154]. - As of June 30, 2022, Magnolia had $501.9 million in cash and cash equivalents[155]. Other Financial Information - Other income for the six months ended June 30, 2022, was $6.7 million, primarily from an earnout payment related to a previous sale[151]. - Magnolia's acquisitions during the six months ended June 30, 2022, were individually insignificant, totaling $4.3 million[160]. - The company experienced a net change in cash and cash equivalents of $134.9 million for the six months ended June 30, 2022, compared to a decrease of $2.3 million in 2021[157]. - A $1.00 per barrel increase in the weighted average oil price would increase revenues by approximately $11.7 million annually, while a $0.10 per Mcf increase in natural gas price would increase revenues by approximately $5.0 million annually[169]. - Magnolia owned approximately 86.9% of the interest in Magnolia LLC as of June 30, 2022, with noncontrolling interest at approximately 13.1%[165].

| --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | Magnolia Oil & Gas | | | | | | | | Second Quarter 2022 Earnings Presentation August 3, 2022 Stephen Chazen – Chairman, President & CEO Christopher Stavros – Executive Vice President & CFO Brian ...

Magnolia Oil & Gas Corporation Investor Presentation – June 2022 Disclaimer FORWARD LOOKING STATEMENTS The information in this presentation and the oral statements made in connection therewith include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding Magno ...

First Quarter 2022 Earnings Presentation May 10, 2022 Stephen Chazen – Chairman, President & CEO Christopher Stavros – Executive Vice President & CFO Brian Corales – Vice President, Investor Relations Disclaimer FORWARD LOOKING STATEMENTS The information in this presentation and the oral statements made in connection therewith include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act ...

Magnolia Oil & Gas Corp (NYSE:MGY) Q1 2022 Earnings Conference Call May 10, 2022 11:00 AM ET Company Participants Brian Corales - VP, IR Stephen Chazen - President, Chairman & CEO Christopher Stavros - CFO & EVP Conference Call Participants Neal Dingmann - Truist Securities Leo Mariani - KeyBanc Capital Markets Zachary Parham - JPMorgan Chase & Co. Umang Choudhary - Goldman Sachs Group Charles Meade - Johnson Rice & Company Operator Good day, and welcome to the Magnolia Oil & Gas First Quarter 2022 Earnings ...