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Magnolia Oil & Gas Corp (MGY) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKSยท 2025-07-30 23:01
Financial Performance - For the quarter ended June 2025, Magnolia Oil & Gas Corp reported revenue of $318.98 million, down 5.3% year-over-year, with EPS at $0.43 compared to $0.56 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $313.74 million, resulting in a surprise of +1.67%, while the EPS surprise was +7.5% against a consensus estimate of $0.40 [1] Production Metrics - Average daily total production was 98,229.00 BOE/D, surpassing the six-analyst average estimate of 96,516.64 BOE/D [4] - Average daily production for natural gas was 184,840.00 Mcf/D, exceeding the five-analyst average estimate of 178,146.70 Mcf/D [4] - Average daily oil production was 39,990.00 BBL/D, slightly above the five-analyst average estimate of 39,803.64 BBL/D [4] - Average daily production of natural gas liquids was 27,432.00 BBL/D, compared to the five-analyst average estimate of 26,958.54 BBL/D [4] Revenue Breakdown - Revenues from natural gas were reported at $42.85 million, below the five-analyst average estimate of $46.3 million, but showed a year-over-year increase of +130.8% [4] - Revenues from natural gas liquids were $49.79 million, exceeding the $46.38 million average estimate based on three analysts, reflecting a year-over-year change of +16.3% [4] - Oil revenues were reported at $226.35 million, slightly above the $220.58 million average estimate, but represented a year-over-year decline of -17.8% [4] Stock Performance - Shares of Magnolia Oil & Gas Corp have returned +7.9% over the past month, outperforming the Zacks S&P 500 composite's +3.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]