Magnolia Oil & Gas(US:MGY)2025-07-31 15:00Financial Performance - The company reported an adjusted net income of $81 million and an operating income margin of 34%[10] - Adjusted EBITDAX reached $223 million, with a capital reinvestment rate of 43%[10] - Free cash flow (FCF) amounted to $107 million, with D&C (Drilling & Completion) capital spending at $95 million[10] - The annualized Return on Capital Employed (ROCE) for Q2 2025 was 18%[10] Production and Growth - Total production for Q2 2025 reached a company record of 982 Mboe/d, exceeding earlier guidance, with oil production at 400 Mbbls/d, representing a 5% year-over-year (YoY) growth[10] - Giddings area experienced YoY total production growth of 11% and oil production growth of 4%[10] - The company increased its full-year 2025 production growth guidance to approximately 10%, up from the previous range of 7% to 9%[11] Acquisitions and Acreage - The company closed multiple bolt-on acquisitions in late June/early July, adding over 18000 net acres and approximately 500 Boe/d (35% oil) for around $40 million[11, 14] - The Giddings development area increased by 40000 net acres, or 20%, to approximately 240000 net acres, with about 75% from organic appraisal and 25% from bolt-on acquisitions[11] Capital Allocation and Returns - The company aims for a long-term dividend per share compound annual growth rate of approximately 10% and share repurchases of at least 1% per quarter[16]