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Magnolia Oil & Gas (MGY) Q2 FY2026 earnings: revenue $479 million, up 50.1% on the year

Magnolia Oil & Gas Corp. (MGY) reported revenue of $479 million for Q2 FY2026, the quarter ended 30 June 2026, up 50.1% on the same quarter a year earlier. Net income was $182 million, up 132.7% on the year, and diluted earnings per share $0.97. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$479 millionup 50.1%
Net income$182 millionup 132.7%
Diluted EPS$0.97
QuarterQ2 FY2026ended 30 June 2026

What management said

Guidance figures: 21 new.

  • Acquisition closed on schedule: WildFire Energy acquisition completed, creating a premier Eagle Ford and Austin Chalk operator with enhanced scale and contiguous South Texas asset base providing operational efficiencies.
  • Integration proceeding on track: Integration of WildFire assets and operations executing smoothly with teams closely aligned and dedicated to realizing substantial benefits from the combination.
  • Synergy targets established: Combination expected to generate greater than $100M annual run-rate synergies with at least one-third expected to be realized by year-end 2026.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ2 FY2026Q1 FY2026Q2 FY2025Change on the year
Revenue479359319+50.1%
Operating income240128108+122.1%
Operating margin50.0%35.6%33.8%
Pre-tax income232122102+127.9%
Income tax50.620.920.9+141.8%
Effective tax rate21.8%17.2%20.5%
Net income18299.878.1+132.7%
Net margin38.0%27.8%24.5%
Diluted EPS$0.97$0.54$0.41+136.6%
$ 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 and capital returned

LineQ2 FY2026Q1 FY2026Q2 FY2025Change on the year
Operating cash flow384198199+93.3%
Cash from investing-130-248-116n/a
Cash from financing-82.1-92.4-78.0n/a
Depreciation and amortisation117113107+8.8%
Share-based compensation9.712.27.3+32.9%
Dividends paid30.830.528.4+8.5%
Dividend per share$0.17$0.17$0.15+10.0%
Diluted shares, weighted185m183m187m-1.0%
Shares outstanding at period end237m185mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2026Q1 FY2026Q2 FY2025Change on the year
Shareholders' equity2,1472,0361,998+7.4%
Debt394393393+0.2%
Other liabilities600515469+27.8%
Total liabilities and equity3,1412,9442,861+9.8%
Cash and equivalents296124252+17.5%
Receivables159161160-0.5%
Other assets2,6852,6592,449+9.7%
Total assets3,1412,9442,861+9.8%

Questions

What was Magnolia Oil & Gas' revenue in Q2 FY2026?

Magnolia Oil & Gas (MGY) reported revenue of $479 million for Q2 FY2026, the quarter ended 30 June 2026, up 50.1% on the same quarter a year earlier.

How much did Magnolia Oil & Gas earn in Q2 FY2026?

Net income for Q2 FY2026 was $182 million, up 132.7% on the year, and diluted earnings per share $0.97.

When did Magnolia Oil & Gas report Q2 FY2026 results?

Magnolia Oil & Gas filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 6 August 2026.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue316323319337333327350319325318359479
Operating income14813812513412912413610810194.1128240
Operating margin47%43%39%40%39%38%39%34%31%30%36%50%
Pre-tax income14914511813213211113210295.488.2122232
Tax rate21%22%17%20%20%20%19%21%18%19%17%22%
Net income10298.485.195.699.885.610378.175.568.899.8182
Net margin32%31%27%28%30%26%29%24%23%22%28%38%
Diluted EPS$0.54$0.53$0.46$0.51$0.52$0.44$0.54$0.41$0.40$0.37$0.54$0.97
Operating cash flow187247211269218223224199247208198384
Buybacksn/an/a51.2n/an/an/a52.4n/an/an/an/an/a
Dividends paid21.821.624.023.824.725.128.928.428.127.830.530.8
Shares outstandingn/an/an/an/an/an/an/an/an/an/a185m237m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2026, filed 6 August 2026, accession 0001698990-26-000019: the filing on EDGAR. All of Magnolia Oil & Gas Corp.'s filings: EDGAR company page.

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