PART I. FINANCIAL INFORMATION [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) For the quarter ended March 31, 2025, Magnolia reported total revenues of **$350.3 million** and net income of **$106.6 million**, an increase from **$319.4 million** and **$97.6 million** respectively in the prior year period. Diluted EPS rose to **$0.54** from **$0.46**. The balance sheet shows total assets increased to **$2.87 billion**. Cash flow from operations was strong at **$224.5 million**, up from **$210.9 million** year-over-year Q1 2025 Key Financial Highlights (vs Q1 2024) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total Revenues | $350.3 million | $319.4 million | | Operating Income | $135.8 million | $124.6 million | | Net Income | $106.6 million | $97.6 million | | Net Income Attributable to Class A Common Stock | $102.9 million | $85.1 million | | Diluted EPS | $0.54 | $0.46 | Key Balance Sheet Data (as of March 31, 2025) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $247.6 million | $260.0 million | | Total Assets | $2.87 billion | $2.82 billion | | Long-term debt, net | $392.7 million | $392.5 million | | Total Equity | $1.99 billion | $1.97 billion | Q1 2025 Cash Flow Summary (vs Q1 2024) | Cash Flow Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $224.5 million | $210.9 million | | Net cash used in investing activities | ($146.1 million) | ($127.3 million) | | Net cash used in financing activities | ($90.9 million) | ($85.4 million) | | Net change in cash | ($12.5 million) | ($1.8 million) | [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail the company's accounting policies, revenue sources, acquisition activities, debt structure, and shareholder equity movements. Key highlights include **$24.1 million** in bolt-on acquisitions in Q1 2025, the structure of the **$400 million** 2032 Senior Notes, an ongoing share repurchase program with **9.6 million shares** remaining, and a quarterly dividend of **$0.15 per share** declared subsequent to the quarter's end - The company operates in a single reportable segment: the acquisition, development, exploration, and production of oil and natural gas properties, primarily in the Karnes and Giddings areas of South Texas[34](index=34&type=chunk)[38](index=38&type=chunk) - In Q1 2025, the company completed various bolt-on property acquisitions for a total of **$24.1 million**[46](index=46&type=chunk) - As of March 31, 2025, the company had **$400.0 million** in principal of 6.875% Senior Notes due 2032 and no outstanding borrowings under its RBL Facility[61](index=61&type=chunk)[68](index=68&type=chunk)[69](index=69&type=chunk) - The company's share repurchase program has **9.6 million shares** of Class A Common Stock remaining for repurchase as of March 31, 2025[84](index=84&type=chunk) - On April 29, 2025, the company declared a quarterly cash dividend of **$0.15 per share**[108](index=108&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's performance, highlighting a disciplined capital allocation strategy focused on free cash flow generation. Total production increased to **96.5 thousand barrels of oil equivalent per day** in Q1 2025, up from **84.8 thousand barrels of oil equivalent per day** in Q1 2024, driven by development in the Giddings area. Higher natural gas and NGL prices and volumes boosted revenues, offsetting lower oil prices. Operating costs per boe generally decreased due to cost reduction initiatives and higher production volumes. The company maintains a strong liquidity position of **$697.6 million** and continues to return capital to shareholders through dividends and buybacks - The company's objective is to generate long-term stock market value through steady production growth, high margins, an efficient capital program, and significant free cash flow[114](index=114&type=chunk) - Total production for Q1 2025 was **96.5 thousand barrels of oil equivalent per day (Mboe/d)**, an increase from **84.8 Mboe/d** in Q1 2024[117](index=117&type=chunk)[124](index=124&type=chunk) - As of March 31, 2025, the company had total liquidity of **$697.6 million**, consisting of **$247.6 million** in cash and **$450.0 million** of borrowing capacity under its RBL Facility[139](index=139&type=chunk) [Results of Operations](index=26&type=section&id=Results%20of%20Operations) In Q1 2025 versus Q1 2024, total revenues increased by **9.7%** to **$350.3 million**, driven by a **12.6%** increase in total production. A **103%** surge in natural gas prices and a **13%** rise in NGL prices significantly contributed to revenue growth, offsetting an **8%** decline in oil prices. Operating expenses per boe saw a decrease in several key categories, including Lease Operating Expenses (down **9.4%**) and DD&A (down **3.2%**), reflecting improved efficiencies and cost controls Q1 Production and Revenue Analysis (2025 vs 2024) | Metric | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | **Total Production (Mboe/d)** | **96.5** | **84.8** | **+13.8%** | | Oil Production (Bbls/d) | 39,078 | 37,531 | +4.1% | | Natural Gas Production (Mcf/d) | 183,248 | 151,086 | +21.3% | | NGL Production (Bbls/d) | 26,930 | 22,072 | +22.0% | | **Total Revenues ($M)** | **$350.3** | **$319.4** | **+9.7%** | | Oil Average Price ($/Bbl) | $69.81 | $75.89 | -8.0% | | Natural Gas Average Price ($/Mcf) | $3.11 | $1.53 | +103.3% | | NGL Average Price ($/Bbl) | $22.03 | $19.49 | +13.0% | Average Operating Costs per boe (2025 vs 2024) | Expense Category | Q1 2025 ($/boe) | Q1 2024 ($/boe) | Change | | :--- | :--- | :--- | :--- | | Lease operating expenses | $5.42 | $5.98 | ($0.56) | | Gathering, transportation and processing | $1.72 | $1.11 | $0.61 | | Depreciation, depletion and amortization | $12.18 | $12.58 | ($0.40) | | General and administrative expenses | $2.83 | $3.05 | ($0.22) | [Liquidity and Capital Resources](index=29&type=section&id=Liquidity%20and%20Capital%20Resources) The company's primary liquidity source is cash from operations, which totaled **$224.5 million** in Q1 2025. Key uses of cash included **$131.2 million** for additions to oil and gas properties (capital expenditures) and **$81.3 million** for shareholder returns (**$52.4 million** in buybacks and **$28.9 million** in dividends). The company operated two rigs during the quarter and plans to continue spending within cash flow Q1 2025 Sources and Uses of Cash | Category | Amount (in thousands) | | :--- | :--- | | **Source:** | | | Net cash provided by operating activities | $224,490 | | **Uses:** | | | Additions to oil and natural gas properties | ($131,168) | | Class A Common Stock repurchases | ($52,393) | | Dividends paid | ($28,911) | | Acquisitions | ($24,144) | - Capital expenditures for drilling and completion were **$130.4 million** in Q1 2025, up from **$119.0 million** in Q1 2024[146](index=146&type=chunk) - During Q1 2025, the company repurchased **2.2 million shares** for approximately **$52.0 million** and paid **$28.9 million** in dividends to Class A common stockholders[147](index=147&type=chunk)[149](index=149&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=32&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is commodity price volatility for its oil, natural gas, and NGL production. A sensitivity analysis indicates that a **$1.00 per barrel** change in oil price would impact annualized revenues by approximately **$14.1 million**, and a **$0.10 per Mcf** change in natural gas price would impact annualized revenues by about **$6.6 million**. Interest rate risk is minimal as there were no outstanding borrowings under the variable-rate RBL Facility as of March 31, 2025 - The company's main market risk exposure is from the prices of oil, natural gas, and NGLs[151](index=151&type=chunk) - A **$1.00/bbl** change in oil price would impact annualized revenue by **~$14.1 million**[151](index=151&type=chunk) - A **$0.10/Mcf** change in natural gas price would impact annualized revenue by **~$6.6 million**[151](index=151&type=chunk) - As of March 31, 2025, the company had no borrowings outstanding under its variable-rate RBL Facility, minimizing interest rate risk[150](index=150&type=chunk) [Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of March 31, 2025. There were no material changes to the company's internal control over financial reporting during the quarter - The principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were effective as of March 31, 2025[152](index=152&type=chunk) - No changes in the system of internal control over financial reporting occurred during the quarter ended March 31, 2025, that materially affected, or are reasonably likely to materially affect, the company's internal controls[153](index=153&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=33&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in litigation from time to time in the ordinary course of business. Management does not currently expect these matters to have a materially adverse effect on the company's financial position or results. A specific lawsuit regarding a mineral owner's challenge to a well permit was settled in January 2025 - A lawsuit where a mineral owner challenged a well permit was settled in January 2025, and all pending court actions were dismissed[75](index=75&type=chunk) - Management does not believe the outcome of any current legal actions will have a material effect on its consolidated financial statements[76](index=76&type=chunk)[155](index=155&type=chunk) [Risk Factors](index=33&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the company's risk factors since the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 - No material changes to the Company's risk factors have occurred since its 2024 Form 10-K was filed[156](index=156&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=33&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the first quarter of 2025, the company repurchased **2.15 million shares** of its Class A Common Stock for a total cost of approximately **$52.0 million**. In February 2025, the board increased the total share repurchase authorization to **50.0 million shares**. As of March 31, 2025, **9.59 million shares** remained available for repurchase under the program Q1 2025 Share Repurchase Activity | Period | Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | Jan 2025 | 500,000 | $25.09 | | Feb 2025 | 585,000 | $23.71 | | Mar 2025 | 1,065,000 | $24.00 | | **Total** | **2,150,000** | **$24.18** | - On February 12, 2025, the board of directors increased the share repurchase authorization by an additional **10.0 million shares**, bringing the total authorization to **50.0 million shares**[157](index=157&type=chunk) [Defaults Upon Senior Securities](index=35&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) None - None[159](index=159&type=chunk) [Mine Safety Disclosures](index=35&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Not applicable - Not applicable[160](index=160&type=chunk) [Other Information](index=35&type=section&id=Item%205.%20Other%20Information) During the first quarter of 2025, no director or officer of the company adopted, modified, or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangement - No director or officer adopted, modified, or terminated any Rule 10b5–1 trading arrangement or any non-Rule 10b5-1 trading arrangement during the three months ended March 31, 2025[161](index=161&type=chunk) [Exhibits](index=36&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of, or incorporated by reference into, the Quarterly Report on Form 10-Q, including certifications by the CEO and CFO and XBRL data files

Financial Data and Key Metrics Changes - Magnolia achieved a record quarterly production rate of 96,500 barrels of oil equivalent per day, exceeding earlier guidance, with a year-over-year total production growth of 14% and oil production growth of 4% [5][6] - Total adjusted net income for the quarter was $106 million, and adjusted EBITDAX was $248 million, both up 9% compared to the previous year [6][14] - Operating income margins were 39%, and the annualized return on capital employed was 23% [6][14] - Free cash flow generated was $111 million, with 74% returned to shareholders through dividends and share repurchases [7][14] Business Line Data and Key Metrics Changes - Total production at Giddings grew by 25% compared to the prior year quarter, with Giddings oil volumes increasing by 17% [6][10] - The company expects to see higher production growth with lower capital spending, resulting in a more capital-efficient program [4][10] Market Data and Key Metrics Changes - The company noted that natural gas prices were historically higher during winter months, which influenced the decision to bring multi-well pads online [5][6] - Total revenue per BOE declined approximately 3% year-over-year due to lower oil prices, partially offset by increases in natural gas and NGL prices [18][19] Company Strategy and Development Direction - Magnolia is focused on maintaining capital discipline while increasing production growth guidance for 2025 to 7% to 9% from a previous range of 5% to 7% [10][20] - The company plans to defer the completion of several wells into the next year, allowing for flexibility in capital allocation [10][11] - Magnolia aims to be the most efficient operator of best-in-class oil and gas assets, generating high returns while employing minimal capital [12][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate current product price volatility and macroeconomic uncertainty [4][10] - The company has taken proactive measures to reduce operating costs, positioning itself strongly in a potentially weaker price environment [12][11] - Management emphasized the importance of operational efficiencies and the strong performance of wells in Giddings, which has positively impacted production growth expectations [10][12] Other Important Information - The company ended the quarter with $248 million in cash and a total liquidity of approximately $700 million, including an undrawn revolving credit facility [17][18] - Magnolia's dividend has grown significantly, with a 15% increase announced earlier this year, resulting in an annualized payout rate of $0.60 per share [17][18] Q&A Session Summary Question: What is the significance of the new wells and their performance? - Management indicated that the new wells in a gassier area have shown strong financial returns and payback periods, contributing positively to production growth expectations [24][28] Question: How will sustaining capital be affected by updated drilling guidance? - Management noted that some completions would be deferred into next year, providing flexibility and potentially lowering sustaining capital requirements [33][34] Question: What is the outlook for capital allocation between gassier and oilier areas? - Management stated that the company has the flexibility to balance production between gas and oil, depending on market conditions, without a strategic shift towards one over the other [38][40] Question: What is the current M&A outlook in the market? - Management mentioned that while evaluating smaller bolt-on opportunities, the heightened level of uncertainty has slowed down M&A activity, with a widening bid-ask spread [43][44] Question: How will GP and T costs trend through 2025? - Management indicated that GP and T costs generally move in tandem with gas prices, and any fluctuations in gas prices would likely impact these costs [67][68]

Financial Data and Key Metrics Changes - Magnolia achieved a record quarterly production rate of 96,500 barrels of oil equivalent per day, exceeding earlier guidance and reflecting a year-over-year total production growth of 14% and oil production growth of 4% [5][6] - Total adjusted net income for the quarter was $106 million, and adjusted EBITDAX was $248 million, both up 9% compared to the previous year [6][13] - Operating income margins were 39%, with an annualized return on capital employed of 23% [6][14] - Free cash flow generated was $111 million, with 74% of this amount returned to shareholders through dividends and share repurchases [7][14] Business Line Data and Key Metrics Changes - Production at Giddings grew by 25% year-over-year, with oil volumes increasing by 17% [6][7] - The company made a tactical decision to bring multi-well pads online in a gassier portion of Giddings, capitalizing on higher natural gas prices during winter [5][6] Market Data and Key Metrics Changes - Total revenue per BOE declined approximately 3% year-over-year due to lower oil prices, partially offset by increased natural gas and NGL prices [17][18] - Oil price differentials are anticipated to be approximately a $3 per barrel discount to Magellan East Houston, with Magnolia remaining unhedged for all its oil and natural gas production [20] Company Strategy and Development Direction - Magnolia is focused on maintaining capital discipline, reducing capital spending to a range of $430 million to $470 million for 2025, down from previous estimates [9][19] - The company aims to achieve higher production growth with lower capital spending, reflecting a more capital-efficient program [4][9] - Magnolia continues to prioritize operational efficiencies and has seen strong financial returns from new wells in Giddings, which have exhibited shallower decline profiles [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate current product price volatility and macroeconomic uncertainty, emphasizing a strong operational execution and asset quality [4][10] - The full-year 2025 production growth guidance has been increased to 7% to 9% from a previous range of 5% to 7% due to stronger-than-expected well performance [9][19] - Management noted that the company is well-positioned to manage through periods of weaker product prices due to its low debt levels and high-quality assets [11][12] Other Important Information - The company has repurchased 75 million shares since the program's inception, leading to a 24% reduction in weighted average diluted shares outstanding [15] - Magnolia's dividend has grown significantly, with a 15% increase announced earlier this year, resulting in an annualized payout rate of $0.60 per share [16] Q&A Session Summary Question: Inquiry about new wells and their implications for Magnolia - Management indicated that the new wells have shown strong performance, producing approximately 500 barrels of oil per day in addition to gas, and have favorable financial returns [24][28] Question: Clarification on sustaining capital in light of updated drilling guidance - Management stated that efficiencies gained this year would benefit next year's capital requirements, with some completions deferred to provide flexibility [33][34] Question: Capital allocation strategy between gassier and oilier areas - Management noted that the company can balance production between oil and gas without a strategic shift, as both streams provide good returns [39][40] Question: Acquisition outlook in the current market - Management highlighted a focus on smaller bolt-on opportunities in familiar areas, but noted that market activity has slowed due to increased uncertainty [43][44] Question: Thoughts on capital allocation and potential activity curtailment - Management expressed confidence in current operations and flexibility, indicating no immediate need to drop rigs or significantly alter activity levels [50][51] Question: Trends in GP and T costs - Management indicated that GP and T costs generally move in tandem with gas prices, and any increases in gas prices would likely lead to similar increases in GP and T costs [66]

The information in this press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, 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 press release, regarding Magnolia's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward looking statement ...

Magnolia Oil & Gas Corp (MGY) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.77%. A quarter ago, it was expected that this company would post earnings of $0.46 per share when it actually produced earnings of $0.49, delivering a surprise of 6.52%.Over the last four quarters, the com ...

Financial Performance - Magnolia reported a net income of $106.6 million for Q1 2025, a 9% increase from $97.6 million in Q1 2024[3] - Adjusted EBITDAX for Q1 2025 was $248.4 million, up 9% from $227.8 million in the same quarter last year[3] - Total revenues for the quarter ended March 31, 2025, increased to $350,300,000 from $319,417,000 in the same quarter of 2024, representing a growth of 9.2%[23] - Net income for the quarter ended March 31, 2025, was $106,648,000, compared to $97,597,000 for the same period in 2024, representing an increase of 9.4%[35] - Adjusted net income for the quarter ended March 31, 2025, was $105,570,000, up from $101,007,000 in 2024, reflecting a growth of 4.6%[35] Production and Operations - Average daily production increased by 14% year-over-year to 96.5 Mboe/d, including 39.1 Mbbls/d of oil[4] - Giddings production volumes grew by 25% year-over-year, contributing 79% of total company production in Q1 2025[9] - Oil production increased to 3,517 MBbls in Q1 2025 from 3,415 MBbls in Q1 2024, a rise of 3.0%[21] - Natural gas production rose significantly to 16,492 MMcf in Q1 2025, compared to 13,749 MMcf in Q1 2024, marking an increase of 19.9%[21] - Average daily production of total oil equivalent (boe/d) increased to 96,549 in Q1 2025 from 84,784 in Q1 2024, reflecting a growth of 13.5%[21] Cash Flow and Shareholder Returns - The company generated free cash flow of $110.5 million, returning $81.7 million, or 74% of free cash flow, to shareholders through share repurchases and dividends[5] - Free cash flow for the quarter ended March 31, 2025, was $110,524,000, down from $117,131,000 in Q1 2024, a decrease of 5.7%[42] - The company repurchased 2.2 million shares of Class A Common Stock for $52.0 million during the first quarter[4] - The company repurchased Class A common stock amounting to $52,393,000 during Q1 2025, compared to $51,201,000 in Q1 2024[25] Guidance and Capital Expenditures - Full-year 2025 production growth guidance has been raised to 7-9%, up from the previous 5-7%[4] - Capital expenditures for 2025 have been reduced to a range of $430 to $470 million, a decrease of over 5% from the initial plan[4] - Magnolia plans to maintain two drilling rigs and one completion crew throughout 2025, focusing on multi-well development pads in the Giddings area[11] Costs and Expenses - Operating expenses totaled $214,478,000 in Q1 2025, up from $194,859,000 in Q1 2024, an increase of 10.0%[23] - The average sales price of oil per barrel decreased to $69.81 in Q1 2025 from $75.89 in Q1 2024, a decline of 8.7%[23] - Revenue per barrel of oil equivalent (boe) decreased to $40.31 in Q1 2025 from $41.40 in Q1 2024, a decline of 2.6%[39] - Total adjusted cash operating costs per boe were $11.74 for Q1 2025, slightly down from $11.86 in Q1 2024, indicating a reduction of 1.0%[39] - Adjusted cash operating margin per boe was $28.57 in Q1 2025, compared to $29.54 in Q1 2024, resulting in a margin percentage of 71% for both periods[39] Balance Sheet and Liquidity - The company ended Q1 2025 with a cash balance of $247.6 million and an undrawn $450 million revolving credit facility[5] - Cash and cash equivalents at the end of Q1 2025 were $247,558,000, down from $399,317,000 at the end of Q1 2024[25] Tax and Effective Rate - The effective tax rate for the quarters ended March 31, 2025, and 2024, was 20.3% and 18.9%, respectively, indicating an increase in the tax burden[35] Strategic Focus - The company continues to focus on maintaining profitability and cash flow generation while managing operating costs effectively[38]

Group 1 - Magnolia Oil & Gas (NYSE: MGY) is not considered a cheap entry in the oil and gas industry, indicating a premium valuation due to good management and execution [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2] Group 2 - The analysis of oil and gas companies includes a breakdown of balance sheets, competitive positions, and development prospects to identify undervalued opportunities [1]

J.P. Morgan analyst Zach Parham shared his view on Magnolia Oil & Gas Corporation MGY ahead of the earnings release on May 1st.The analyst maintained a Neutral rating on the stock with a price forecast of $24 after updating for first-quarter commodity prices.Parham writes that Magnolia Oil & Gas remains on track with its 2-rig/1-frac crew program and is committed to keeping capex below 55% of EBITDA.Despite commodity price volatility, the analyst expects capital expenditure to stay under 50% of EBITDA due t ...

Core Viewpoint - Magnolia Oil & Gas Corp (MGY) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Magnolia Oil & Gas Corp for the fiscal year ending December 2025 is projected at $2.18 per share, reflecting a 2.4% increase from the previous year's reported figure [8]. - Over the past three months, analysts have raised their earnings estimates for the company by 8.5%, indicating a strong upward trend in earnings outlook [8]. Zacks Rating System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, suggesting a higher likelihood of market-beating returns [9][10]. - The Zacks Rank 2 upgrade places Magnolia Oil & Gas Corp in the top 20% of Zacks-covered stocks, indicating its strong earnings estimate revision feature [10]. Market Implications - The upgrade reflects an improvement in the company's underlying business, which is expected to lead to increased buying pressure and a potential rise in stock price [5][6]. - The correlation between earnings estimate revisions and near-term stock movements suggests that tracking these revisions can be beneficial for investment decisions [6][4].

A month has gone by since the last earnings report for Magnolia Oil & Gas Corp (MGY) . Shares have added about 3.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Magnolia Oil & Gas Corp due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving ...