Magnolia Oil & Gas (MGY) FY2024 results: revenue $1.3 billion, up 7.2% on the year
Magnolia Oil & Gas Corp. (MGY) reported revenue of $1.3 billion for fiscal 2024, the year ended 31 December 2024, up 7.2% on the year before. Net income was $366 million, down 5.7%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$1.3 billion
+7.2% on the year
FY2017FY2024
Operating margin
38.9%
43.6% a year earlier
FY2017FY2024
Net income
$366 million
-5.7% on the year
FY2017FY2024
Diluted EPS
$1.94
-4.9% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
921
856
1,297
+7.6%
Cash from investing
-655
-815
-519
Cash from financing
-407
-315
-469
Depreciation and amortisation
414
325
243
+27.6%
Share-based compensation
18.7
16.2
13.3
+15.4%
Dividends paid
97.6
88.1
75.2
+10.8%
Dividend per share
$0.52
$0.46
$0.40
+13.0%
Diluted shares, weighted
186m
188m
188m
-1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,967
1,883
1,740
+4.5%
Debt
393
393
390
-0.1%
Operating lease liabilities
5.6
7.1
4.9
-21.6%
Other liabilities
455
474
437
-3.8%
Total liabilities and equity
2,821
2,756
2,573
+2.3%
Cash and equivalents
260
401
675
-35.2%
Receivables
124
190
171
-34.8%
Other assets
2,437
2,165
1,726
+12.5%
Total assets
2,821
2,756
2,573
+2.3%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.