Magnolia Oil & Gas (MGY) FY2022 results: revenue $1.7 billion, up 57.1% on the year
Magnolia Oil & Gas Corp. (MGY) reported revenue of $1.7 billion for fiscal 2022, the year ended 31 December 2022, up 57.1% on the year before. Net income was $894 million, up 114.2%, and diluted earnings per share $4.71. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$1.7 billion
+57.1% on the year
FY2017FY2022
Operating margin
63.4%
55.9% a year earlier
FY2017FY2022
Net income
$894 million
+114.2% on the year
FY2017FY2022
Diluted EPS
$4.71
+99.6% on the year
FY2017FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,297
788
310
+64.5%
Cash from investing
-519
-243
-270
Cash from financing
-469
-371
-30.2
Depreciation and amortisation
243
188
283
+29.6%
Share-based compensation
13.3
11.7
10.0
+13.4%
Dividends paid
75.2
14.1
0.0
+432.1%
Dividend per share
$0.40
$0.08
n/a
+400.0%
Diluted shares, weighted
188m
175m
166m
+7.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,740
1,045
839
+66.5%
Debt
390
388
391
+0.6%
Operating lease liabilities
4.9
5.1
5.7
-5.7%
Other liabilities
437
308
217
+41.8%
Total liabilities and equity
2,573
1,747
1,453
+47.3%
Intangible assets
n/a
0.0
9.3
Cash and equivalents
675
367
193
+84.1%
Receivables
171
150
81.6
+14.0%
Other assets
1,726
1,230
1,170
+40.4%
Total assets
2,573
1,747
1,453
+47.3%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.