Magnolia Oil & Gas shared its earnings for the third quarter, showing a $166 million profit and 17% more production.

Nov 5, 2026, 11:53 AM ETResultsRead the original at Benzinga

Good for MGY

Magnolia Oil & Gas reported adjusted income up 114%, excluding mainly deal costs, plus 17% production growth and $224 million in free cash flow. Wildfire contributed for only 20 days, but production growth and lower debt still support a stronger outlook.

MGY · Magnolia Oil & Gas Corporation

AI read · Good for MGY

The AI's read

Wildfire’s assets helped lift production, and cash also went to shareholder payments and debt reduction. But Magnolia owned Wildfire for only 20 days of the quarter, and its adjusted profit left out deal and integration costs. Production growth, cash generation and lower debt still point to a stronger business outlook.

Get alerts for MGY

Follow Magnolia Oil & Gas Corporation (MGY) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for MGY

Free on the App Store and Google Play, or on the web.