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Magnolia Oil & Gas Corporation by the numbers
Magnolia Oil & Gas Corporation (MGY) reported revenue of $479M in Q2 2026 (quarter ended Jun 30, 2026), up 50% from the same quarter a year earlier. That came with net income of $182M (38% of revenue). For the full year FY2025, revenue was $1.31B (−0.3% year on year) and net income $325M. Its largest product in Q2 2026 was Oil And Condensate at $374M, 78% of the disclosed total, well ahead of Natural Gas Liquids Reserves at 14%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $479M | $319M | +50% |
| Operating income | $240M | $108M | +122% |
| Net income | $182M | $78M | +133% |
| Diluted EPS | $0.97 | $0.41 | +135% |
| Product | Revenue | Share |
|---|---|---|
| Oil And Condensate | $374M | 78% |
| Natural Gas Liquids Reserves | $65M | 14% |
| Natural Gas Reserves | $40M | 8.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $478.8M (+34%)
Oil And Condensate grew +65% year on yearNatural Gas Reserves -7.4% year on year
Segment Latestquarter on quarteryear on year
- Oil And Condensate$373.8M$373.8MQoQ +45%year on year +65%+45%+65%
- Natural Gas Liquids Reserves$65.4M$65.4MQoQ +32%year on year +31%+32%+31%
- Natural Gas Reserves$39.7M$39.7MQoQ -23%year on year -7.4%-23%-7.4%
Oil & Gas E&P
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