Magnolia Oil & Gas Corp financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Magnolia Oil & Gas Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	403	942	541	1,078	1,694	1,227	1,316	1,312
General and administrative	18.6	69.4	68.9	75.3	72.4	77.1	88.7	97
Operating income	190	128	-1,926	603	1,074	534	512	439
Other non-operating income	-8.4	-27.7	-22.7	-34	-16.9	15.3	-18.8	-21.8
Pre-tax income	182	99.8	-1,948	569	1,057	550	493	417
Income tax	2.74	14.8	-79.3	8.85	6.64	107	95.8	80.1
Net income to minority interests		34.8	-661	142	156	54.3	31.3	12
Net income	179	50.2	-1,208	417	894	388	366	325
EBITDA	320	651	-1,642	790	1,317	859	926	877
Shares, basic (weighted)		162	166	174	187	188	186	186
Shares, diluted (weighted)		167	166	175	188	188	186	186
Dividend per share				0.08	0.40	0.46	0.52	0.60

Balance sheet

	FY2017	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.85	183	193	367	675	401	260	267
Receivables		106	81.6	150	171	190	124	117
Other current assets	0.14	4.51	3.6	0.55	1.05	0.44	2.87	0.88
Total current assets	0.99	293	282	518	851	591	411	442
Lease right-of-use assets		4.04	6.47	7.74	7.63	15.5	17.1	26
Intangible assets		23.9	9.35	0
Other non-current assets		4.46	6.98	9.04	20.4	18.7	19.3	36.5
Total assets	654	3,466	1,453	1,747	2,573	2,756	2,821	2,903
Accounts payable		79.4	62.6	128	203	193	181	178
Accrued liabilities							17.5	24.1
Total current liabilities	1.8	175	129	219	340	315	290	288
Long-term debt		390	391	388	390	393	393	393
Lease liabilities		1.48	5.7	5.15	4.85	7.13	5.59	8.1
Other non-current liabilities		1.48	5.7	5.15	6.61	17.4	9.44	15.9
Total liabilities	24.6	738	614	701	832	874	854	904
Total debt		390	391	388	390	393	393	393
Paid-in capital	3.47	1,703	1,713	1,690	1,720	1,744	1,880	1,903
Retained earnings	1.53	82.9	-1,125	-708	186	486	755	967
Treasury stock		-10.3	-39	-165	-330	-538	-721	-929
Other comprehensive income							0	-1.61
Shareholders' equity	5
Minority interests		952	291	228	164	191	53.7	59.2
Total equity	5	2,729	839	1,045	1,740	1,883	1,967	1,999
Total liabilities and equity	654	3,466	1,453	1,747	2,573	2,756	2,821	2,903

Cash flow statement

	FY2017	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	179	85	-1,869	560	1,050	443	397	337
Depreciation and amortization	130	524	283	188	243	325	414	438
Stock-based compensation	0	11.1	10	11.7	13.3	16.2	18.7	27.3
Deferred income tax	2.05	14.3	-77.8	0	-65.7	75.4	70.3	96.8
Change in receivables	-70.8	7.95	24.2	-68.2	-21	-14.3	32.9	-3.89
Change in payables	10.5	-6.83	-17	65.3	74.9	-9.21	-18.4	-5.29
Cash from operations	257	648	310	788	1,297	856	921	879
Acquisitions	0	4.25	0	0	-90.1	-355	-165	-66.6
Cash from investing	-314	-524	-270	-243	-519	-815	-655	-541
Debt issued	0	0	0		0	0	400	0
Debt repaid					0	0	-404	0
Stock issued	0	0	0
Dividends paid		0	0	-14.1	-75.2	-88.1	-97.6	-113
Cash from financing	57	-76.5	-30.2	-371	-469	-315	-407	-331
Net change in cash	0	46.9	9.93	174	308	-274	-141	6.74
Interest paid	0	26.2	25.9	26.9	26.6	26.4	34	29.7
Income taxes paid	0.04	0.39	-0.72	3.16	72.2	38.8	23.1	7.78

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $24.11 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	38.0%	Operating income / revenue.
EBITDA margin	68.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	36.3%	Pre-tax income / revenue.
Net margin	28.8%	Net income / revenue.
Operating cash flow margin	70.1%	Cash from operations / revenue.
Effective tax rate	19.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	13.6%	Net income / average total assets.
Stock-based pay / revenue	2.4%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	30.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-0.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-8.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	19.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-14.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-25.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	-5.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-12.7%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-11.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-28.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-4.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-12.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	23.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	15.4%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	14.5%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	2.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	4.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	14.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	2.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.58x	Current assets / current liabilities.
Quick ratio	1.48x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.96x	(Cash + short-term investments) / current liabilities.
Debt / assets	12.5%	Total debt / total assets.
Liabilities / assets	31.6%	Total liabilities / total assets.
Net debt	$97.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.10x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$180.0M	Current assets - current liabilities.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.47x	Revenue / average total assets.
Receivables turnover	9.28x	Revenue / average receivables.
Days sales outstanding	39 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.31	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$8.02	Revenue / diluted weighted shares.
Operating cash flow per share	$5.62	Cash from operations / diluted weighted shares.
Cash per share	$1.60	(Cash + short-term investments) / shares outstanding.
Payout ratio	27.5%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.71B	Share price x shares outstanding.
Enterprise value	$5.81B	Market cap + total debt - cash - short-term investments.
P/E	13.4x	Market cap / net income. Only when net income is positive.
P/S	3.86x	Market cap / revenue.
P/OCF	5.51x	Market cap / cash from operations, when positive.
EV/Sales	3.93x	Enterprise value / revenue.
EV/EBIT	10.3x	Enterprise value / operating income, when both are positive.
EV/EBITDA	5.71x	Enterprise value / EBITDA, when both are positive.
Earnings yield	7.5%	Net income / market cap (the inverse of P/E).
Dividend yield	2.0%	Dividends paid over the period / market cap.
Shareholder yield	2.0%	(Dividends paid + share buybacks) / market cap.

What was Magnolia Oil & Gas Corp's revenue in fiscal 2025?

Magnolia Oil & Gas Corp reported revenue of $1.31B for fiscal 2025, 0.3% lower than the year before.

Was Magnolia Oil & Gas Corp profitable in fiscal 2025?

Yes. Net income was $325.3M, a net margin of 24.8%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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