The financials
Magnolia Oil & Gas Corporation by the numbers
Magnolia Oil & Gas Corporation (MGY) reported revenue of $479M in Q2 2026 (quarter ended June 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 2026-Q1 was Oil And Condensate at $257M, 72% of the disclosed total, just ahead of Natural Gas 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 | $257M | 72% |
| Natural Gas Reserves | $52M | 14% |
| Natural Gas Liquids Reserves | $49M | 14% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $358.5M (+10%)
Oil And Condensate grew +4.8% year on yearNatural Gas Liquids Reserves -7.5% year on year
Segment Latestquarter on quarteryear on year
- Oil And Condensate$257.3M$257.3MQoQ +12%year on year +4.8%+12%+4.8%
- Natural Gas Reserves$51.8M$51.8MQoQ +20%year on year +0.84%+20%+0.84%
- Natural Gas Liquids Reserves$49.4M$49.4MQoQ -3.6%year on year -7.5%-3.6%-7.5%