Magnolia Oil & Gas(MGY) - 2025 Q4 - Earnings Call Presentation

Fourth Quarter & Full Year 2025 Earnings Presentation February 5, 2026 Adjusted net income and adjusted EBITDAX should not be considered an alternative to, or more meaningful than, net income as determined in accordance with GAAP. Certain items excluded from free cash flow, adjusted net income, adjusted EBITDAX, adjusted cash operating costs, adjusted cash operating margin, adjusted operating margin and return on capital employed are significant components in understanding and assessing a company's financia ...