Magnolia Oil & Gas Corporation Q3 2025 Earnings Release

Magnolia Oil & Gas Corporation reported its financial and operational results for the third quarter of 2025. The company achieved a net income of $78.2 million, a decrease of 26% compared to the same period in 2024. Adjusted EBITDAX was $218.8 million, down 10% year-over-year. Total production increased by 11% to 100.5 thousand barrels of oil equivalent per day (Mboe/d), with oil production reaching 39.4 thousand barrels per day (Mbbls/d). The company spent $118.4 million on drilling and completions (D&C) capital, representing 54% of adjusted EBITDAX. Magnolia returned $80.3 million to shareholders through share repurchases and dividends, representing 60% of free cash flow. The company maintained a strong balance sheet with $280.5 million in cash and an undrawn $450 million revolving credit facility.