MGY Magnolia Oil & Gas (MGY) Q2 FY26 earnings call
Magnolia Oil & Gas delivered record production and strong financial results in Q2 FY26, driven by its Giddings asset. The company announced the strategic acquisition of WildFire Energy, significantly expanding its Giddings footprint and enhancing future free cash flow generation, while maintaining its disciplined capital allocation and shareholder return model.
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MGY operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Production | 102.6K boe/dFor the first quarter of 2026, total company production volumes grew by 6% year-over-year to 102,600 barrels of oil equivalent per day, with oil production growing by 4% and averaging 40,700 barrels per day.Source: earnings call transcript | 106.1K boe/dFor the second quarter of 2026, total company production volumes grew by 8% year-over-year to 106,100 barrels of oil equivalent per day, above our expectations and earlier guidance with oil production growing by 5% and averaging 41,900 barrels per day.Source: earnings call transcript | +3.4% |
| Capital expenditures Drilling and completion | ~$129MDrilling and completion capital for the period was roughly $129 million, providing a reinvestment rate of 51% of our adjusted EBITDAX.Source: earnings call transcript | $125MDrilling and completion capital for the second quarter was $125 million with a reinvestment rate of just 34% of our adjusted EBITDAX and our lowest quarterly rate of capital reinvestment since 2022.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.