Magnolia Surges on Production-Led Beat; NOV Misses Q4 EPS Estimates
Magnolia Oil & Gas reported Q4 net income of $0.37 per share on $318 million revenue, driven by record 103,799 boe/d production, up 11.5% year-over-year, and increased gas sales; NOV Inc. posted Q4 adjusted EPS of $0.02 on $2.3 billion revenue, missing estimates and seeing a 6.7% drop in Energy Products revenues. Magnolia returned 110% of free cash flow via $53.4 million buybacks and a 10% dividend hike, while NOV repurchased $85 million of shares.
1. Q4 Results for Magnolia Oil & Gas
Magnolia reported Q4 2025 net income of $0.37 per share versus a $0.36 consensus, with revenues of $318 million beating estimates by $6 million. Production averaged 103,799 boe/d, up 11.5% year-over-year, led by natural gas volumes rising 17.7%. The company generated $208.4 million in operating cash and $74.7 million in free cash flow, returned 110% of free cash flow through a $53.4 million share repurchase and a 10% dividend increase to 16.5¢ per share.
2. Q4 Results for NOV Inc.
NOV Inc. delivered adjusted EPS of $0.02, missing the $0.25 consensus, on revenues of $2.3 billion, 4.9% above estimates but down 1.3% year-over-year. The Energy Products & Services segment saw a 6.7% revenue decline, while Energy Equipment revenues grew 3.6% to $1.3 billion. NOV repurchased $85 million of shares and paid $27 million in dividends, returning $112 million to investors during the quarter.