Exhibit 99.1 "A key objective of Magnolia's business plan and strategy is to utilize some of the excess cash generated by the business to pursue attractive bolt-on oil and gas property acquisitions. Properties are targeted not to simply replace the oil and gas that has already been produced but importantly, to improve the future opportunity set of our overall business and enhance the sustainability of our high returns. The latest example is an acquisition from a private operator that we closed at the end of ...

Magnolia Oil & Gas Corporation (NYSE:MGY) Q4 2023 Earnings Call Transcript February 15, 2024 11:00 AM ET Company Participants Tom Fitter - IR Chris Stavros - President and CEO Brian Corales - SVP and CFO Conference Call Participants Neal Dingmann - Truist Leo Mariani - MKM Partners Charles Meade - Johnson Rice Oliver Huang - TPH & Co. Ati Modak - Goldman Sachs Nicholas Pope - Seaport Research Geoff Jay - Daniel Energy Partners Zach Parham - JPMorgan Tim Rezvan - KeyBanc Capital Markets Paul Diamond - Citi O ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2023 OR Nine Greenway Plaza, Suite 1300 ☐ 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 Magnolia Oil & Gas Corporation (Exact Name of Registrant as Specified in its Ch ...

(1) Source: FactSet (2021 – 2023E) as of 2/9/2024. Return on capital employed (ROCE) is EBIT divided by total assets minus current liabilities. Peers include: APA, AR, CHRD, CIVI, COP, CTRA, DVN, EOG, EQT, FANG, HES, MRO, MTDR, MUR, OVV, OXY, PR, PXD, RRC, SM and SWN. ❑ Focus on cost reductions in 2023 and ongoing share repurchases has had a tangible beneficial impact on corporate returns Net Debt / EBITDA (2023E) (1) Magnolia has one of the best balance sheets in the industry -0.1 0.0 Strong Operating Marg ...

Disclaimer NON-GAAP FINANCIAL MEASURES As performance measures, adjusted EBITDAX, adjusted cash operating costs and adjusted cash operating margin may be useful to investors in facilitating comparisons to others in the Company's industry because certain items can vary substantially in the oil and gas industry from company to company depending upon accounting methods, book value of assets, and capital structure, among other factors. Management believes excluding these items facilitates investors and analysts ...

Financial Performance - Magnolia reported net income attributable to Class A Common Stock of $102.0 million for Q3 2023, down from $117.5 million in Q3 2022, representing a decrease of 13.1%[114]. - Total revenues for Q3 2023 were $315.7 million, a decline of 34.6% compared to $483.0 million in Q3 2022, primarily due to lower oil and natural gas prices[120]. - Total revenues for the nine months ended September 30, 2023, were $904.4 million, a decrease of 33% from $1.35 billion in the same period of 2022[1]. - Net cash provided by operating activities was $608.9 million for the nine months ended September 30, 2023, down from $1.03 billion in 2022[5]. Production and Revenue Breakdown - Average daily production for Q3 2023 was 82,651 boe/d, an increase of 1.4% from 81,529 boe/d in Q3 2022[120]. - Oil revenues accounted for 77% of total revenues in Q3 2023, down from 66% in Q3 2022, with oil production contributing 40% of total production volume[120]. - Natural gas revenues decreased by 73% to $27.1 million in Q3 2023, primarily due to a 75% drop in average price[121]. - NGL revenues were $45.0 million in Q3 2023, down 31.4% from $65.6 million in Q3 2022, with a 40% decrease in average price impacting revenues[122]. - Oil production increased by 1% to 9,345 MBbls for the nine months ended September 30, 2023, compared to 9,216 MBbls in 2022[1]. - Natural gas revenues decreased by $166.4 million, primarily due to a 71% decrease in average price, despite a 7% increase in production[2]. - NGL revenues were $122.8 million for the nine months ended September 30, 2023, down $67.9 million from the previous year, with a 45% decrease in average price[3]. Operating Expenses - Total operating expenses for Q3 2023 were $167.5 million, slightly lower than $171.2 million in Q3 2022, with lease operating expenses increasing by 3.4%[124]. - Total operating expenses increased to $508.0 million for the nine months ended September 30, 2023, compared to $469.6 million in 2022[4]. Shareholder Returns and Capital Management - The company declared cash dividends totaling $66.3 million to Class A Common Stock holders during the nine months ended September 30, 2023[115]. - Cash dividends declared for Class A Common Stock totaled $66.3 million in the nine months ended September 30, 2023, up from $56.4 million in the same period of 2022[158]. - The company repurchased 7.1 million shares for approximately $152.9 million during the nine months ended September 30, 2023, compared to 6.6 million shares for $144.0 million in the same period of 2022[155]. - As of September 30, 2023, Magnolia had repurchased 28.3 million shares at a cost of $470.8 million, with 11.7 million shares remaining under its repurchase authorization[116]. Capital Expenditures and Investments - Magnolia's capital spending is aligned with its business model, aimed at providing operational and financial flexibility in a challenging commodity environment[112]. - Total capital expenditures for Q3 2023 were $106.7 million, a decrease of 8.3% from $116.1 million in Q3 2022[154]. - The company paid $53.8 million for acquisitions during the nine months ended September 30, 2023, including a $40.0 million acquisition in the Giddings area[7]. Financial Position and Liquidity - As of September 30, 2023, the company had $618.5 million in cash and cash equivalents and $1.1 billion in total liquidity[6]. - The company anticipates its current cash balance and cash flows from operations will be sufficient to meet its cash requirements[8]. - As of September 30, 2023, the company had no borrowings outstanding under the RBL Facility, mitigating interest rate risk exposure[159]. Operational Strategy - The company operated a two-rig program during Q3 2023, with drilling rig numbers dependent on commodity prices and spending strategy[154]. - Leasehold acquisition costs for Q3 2023 were $2.4 million, compared to $1.6 million in Q3 2022[154]. - Magnolia owned approximately 89.5% of the interest in Magnolia LLC as of September 30, 2023, with a noncontrolling interest of about 10.5%[157]. Impairments - The company recognized a $15.7 million impairment related to the Highlander property during the nine months ended September 30, 2023[4]. Price Sensitivity - A $1.00 per barrel increase in the weighted average oil price would increase revenues by approximately $12.5 million annually, while a $0.10 per Mcf increase in natural gas price would increase revenues by approximately $5.4 million annually[160].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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 June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Houston, Texas 77046 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (713) 842 ...

Magnolia Oil & Gas Corporation (NYSE:MGY) Q2 2023 Earnings Conference Call August 2, 2023 11:00 AM ET Company Participants Jim Johnson - IR Chris Stavros - President and CEO Brian Corales - SVP and CFO Conference Call Participants Neal Dingmann - Truist Securities Umang Choudhary - Goldman Sachs Leo Mariani - ROTH MKM Partners Oliver Huang - TPH Zach Parham - JPMorgan Tim Rezvan - KeyBanc Capital Markets Paul Diamond - Citigroup Operator Good morning, everyone. And thank you for participating in Magno ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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 March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Houston, Texas 77046 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (713) 84 ...

Returnfocused Value Creation Debt Reduction Share Repurchases Dividend Accretive Bolt-On Acquisitions Dividend Growth – We expect each of these regular dividend payments to grow annually based on execution of our plan, which includes moderate production growth and share reduction Note: Dividend of $0.28 per share represents annual run rate relating to 2021 results under initial semi-annual dividend framework. Magnolia Oil & Gas Corporation Investor Presentation – February 2023 The information in this presen ...