Financial Performance - The company reported an adjusted net income of $78 million with an operating income margin of 31%[11] - Adjusted EBITDAX was $219 million, with a capital reinvestment rate of 54%[11] - Free cash flow (FCF) reached $134 million, and the annualized Return on Capital Employed (ROCE) was 17%[11] - Total production reached a company record of 1005 Mboe/d, exceeding earlier guidance, with oil production at 394 Mbbls/d[11] - The company returned approximately $80 million to shareholders, including $51 million in share repurchases (215 million shares) and $29 million in dividends[11] Production and Growth - Giddings YoY total production growth was 15%, and oil production growth was 5% YoY[11] - Full-year 2025 production growth guidance is approximately 10%, above the original 5% - 7% guidance, with approximately 5% lower D&C capital[11] Balance Sheet and Capital Structure - The company maintained a strong balance sheet with $280 million in cash and only $120 million of net debt[11] - The company has liquidity of $730 million, including a fully undrawn credit facility[30] Sustainability - The company achieved a 21% reduction in gross Scope 1 greenhouse gas intensity rate since 2020, despite production growth[41] - The company achieved a 68% reduction in gas flared as a percent of total production since 2020[42]
Magnolia Oil & Gas(MGY) - 2025 Q3 - Earnings Call Presentation