Magnolia Oil & Gas Corporation (MGY)

Magnolia Oil & Gas Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,312	1,227	1,694	1,078	541.3	942.16
Revenue Growth (YoY)	4.67%	-27.59%	57.14%	99.21%	-42.55%	-9.38%
Cost of Revenue	213.95	199.82	196.27	138.56	114.63	134.73
Gross Profit	1,098	1,027	1,498	939.8	426.67	807.43
Selling, General & Admin	86.79	77.1	72.43	75.28	68.92	69.43
Other Operating Expenses	78.86	69.6	97.28	63.87	36.4	59.24
Operating Expenses	571.94	492.68	424.44	340.31	970.51	679.49
Operating Income	526.01	534.49	1,074	599.48	-543.84	127.94
Interest Expense	-30.8	-30.6	-31.8	-31.2	-29.5	-28.36
Interest & Investment Income	20.71	30.57	8.76	0.2	0.8	-
Earnings From Equity Investments	-	-	-	-	2.11	0.86
Other Non Operating Income (Expenses)	19.44	22.96	6.54	0.09	-1.71	-0.24
EBT Excluding Unusual Items	535.36	557.41	1,057	568.57	-572.14	100.2
Merger & Restructuring Charges	-	-	-	-	-	-0.44
Gain (Loss) on Sale of Investments	-11.5	-7.6	-	-	5.07	-
Asset Writedown	-	-	-	-	-1,381	-
Other Unusual Items	-	-	-0.4	-	-	-
Pretax Income	527.66	549.81	1,057	568.57	-1,948	99.77
Income Tax Expense	105.18	107.21	6.64	8.85	-79.34	14.76
Earnings From Continuing Operations	422.48	442.6	1,050	559.72	-1,869	85.01
Minority Interest in Earnings	-43.6	-54.3	-156.41	-142.43	660.59	-34.81
Net Income	378.87	388.3	893.84	417.28	-1,208	50.2
Preferred Dividends & Other Adjustments	4.67	4.35	8.2	2.79	-	2.76
Net Income to Common	374.2	383.96	885.63	414.49	-1,208	47.43
Net Income Growth	-27.36%	-56.56%	114.20%	-	-	-46.50%
Shares Outstanding (Basic)	185	188	187	174	166	162
Shares Outstanding (Diluted)	185	188	188	175	166	167
Shares Change (YoY)	-2.59%	0.24%	7.15%	5.47%	-0.47%	5.57%
EPS (Basic)	2.02	2.04	4.73	2.38	-7.27	0.29
EPS (Diluted)	2.02	2.04	4.71	2.36	-7.27	0.28
EPS Growth	-25.59%	-56.75%	99.40%	-	-	-53.33%
Free Cash Flow	522.84	430.9	831.55	552.05	112.26	222.5
Free Cash Flow Per Share	2.83	2.29	4.43	3.15	0.68	1.33
Dividend Per Share	0.520	0.475	0.315	0.280	-	-
Dividend Growth	13.04%	50.79%	12.50%	-	-	-
Gross Margin	83.69%	83.71%	88.42%	87.15%	78.82%	85.70%
Operating Margin	40.10%	43.56%	63.37%	55.59%	-100.47%	13.58%
Profit Margin	28.52%	31.29%	52.27%	38.44%	-223.24%	5.03%
Free Cash Flow Margin	39.85%	35.12%	49.07%	51.19%	20.74%	23.62%
EBITDA	937.7	879.05	1,320	801.45	323.73	671.53
EBITDA Margin	71.48%	71.64%	77.91%	74.32%	59.81%	71.28%
D&A For EBITDA	411.69	344.56	246.4	201.96	867.58	543.59
EBIT	526.01	534.49	1,074	599.48	-543.84	127.94
EBIT Margin	40.09%	43.56%	63.37%	55.59%	-100.47%	13.58%
Effective Tax Rate	19.93%	19.50%	0.63%	1.56%	-	14.79%
Revenue as Reported	1,312	1,227	1,694	1,078	541.3	942.16

Source: S&P Capital IQ. Standard template. Financial Sources.