Magnolia Oil & Gas Corporation reported its financial and operational results for the third quarter ended September 30, 2025. Net income for the quarter was $78.2 million, down 26% compared to $105.9 million in the same period of 2024. Adjusted net income was $77.8 million, a decrease of 22% from $100.3 million in the previous year. Diluted earnings per share were $0.40, down 23% from $0.52 in the third quarter of 2024. Adjusted EBITDAX declined by 10% to $218.8 million from $243.6 million. Capital expenditures for drilling and completion were $118.4 million, representing a 15% increase from $103.1 million in the same period last year. Average daily production reached 100.5 thousand barrels of oil equivalent per day, an increase of 11% year-over-year and a new quarterly record for the company. Of this, 39.4 thousand barrels per day were oil. Production in the Giddings area grew 15% to 79.2 thousand barrels of oil equivalent per day, with oil volumes rising 5%. Net cash provided by operating activities was $247.1 million, and free cash flow for the quarter totaled $133.9 million. Magnolia reported operating income as a percentage of revenue (pre-tax margins) of 31%. The company noted strong price realizations for natural gas and NGL production during the quarter and ended the period with increased cash on the balance sheet. Magnolia repurchased more than 2 million shares during the quarter and anticipates record total and oil production in the fourth quarter of 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnolia Oil & Gas Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251029752226) on October 29, 2025, and is solely responsible for the information contained therein.
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