Magnolia Oil & Gas Q2 FY26 net income more than doubles to $181.8 million; revenue rises 50% to $478.81 million - MGY News | RalliesMagnolia Oil & Gas Q2 FY26 net income more than doubles to $181.8 million; revenue rises 50% to $478.81 million
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MGY• Production and outlook
- Average daily production increased 8% to 106,089 boe/d; average oil output rose 5% to 41,855 bbls/d.
- Agreed to acquire WildFire Energy, funded about half with equity and half with debt; lifted standalone 2026 production growth guidance to 6% from 5%.
Q2 results and cash flow
- Magnolia Oil & Gas posted Q2 2026 net income of $181.8 million, more than doubled from a year earlier; diluted EPS rose 137% to $0.97.
- Adjusted EBITDAX (non-GAAP) climbed 66% to $370.3 million; free cash flow (non-GAAP) more than doubled to $234.6 million.
- Revenue rose to $478.8 million; operating income as a percentage of revenue was 50%.
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