Filing Flows › Energy › Magnolia Oil & Gas (MGY)
Magnolia Oil & Gas (MGY) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Magnolia Oil & Gas (MGY) Q3 2026 earnings results →
Q3 2026 Revenue up 58% year over year to $514M · 16¢ of every $1 of revenue kept as net profit · operating margin 30.1%
Magnolia Oil & Gas made $514M in Q3 2026 (+58% Y/Y): Oil revenues $394M, Natural gas liquids revenues $75.4M, Natural gas revenues $43.4M. Operating margin 30.1%, net earnings $80.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $513.9M in Q3 2026, up 58% year over year and up 7% from the previous quarter. Oil revenues was the largest line at 77% of revenue. Oil revenues added $163.1M year over year (up 71%), 86% of the total change.
Operating profit was $154.6M, a 30.1% margin (down 1.1 points year over year). Of the extra revenue versus Q3 2025, 28% reached operating profit, below the 31% margin then. Total costs grew 61% against revenue growth of 58%. The fastest-growing cost line was Other operating costs (+68%). Net earnings were $80.5M, up 7% year over year. The effective tax rate was 22.8%.
Operating cash flow was $369.0M (up 49% year over year), 459% of net earnings. Non-cash charges added back $147.9M of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items added $130.8M. Capital expenditures of $150.8M left free cash flow of $218.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $514M | +58% | 30.1% | $80.5M | $369M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $479M | +50% | 50.0% | $182M | $384M |
| Q1 2026 | 10-Q | May 7, 2026 | $359M | +2% | 35.6% | $99.8M | $198M |
| Q4 2025 | 10-K | Feb 12, 2026 | $318M | -3% | 29.6% | $68.8M | $208M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $325M | -2% | 31.2% | $75.5M | $247M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $319M | -5% | 33.8% | $78.1M | $199M |
| Q1 2025 | 10-Q | May 1, 2025 | $350M | +10% | 38.8% | $103M | $224M |
Charts
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Magnolia Oil & Gas
Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily concentrated in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders by delivering steady, moderate annual production growth resulting from its disciplined and efficient philosophy toward capital spending. The Company strives to generate high pre ‐ tax operating margins and consistent free cash flow allowing for strong cash returns to our shareholders. For more information, visit www.magnoliaoilgas.com .
In its own words, from its 8-K, filed Oct 1, 2026.
Magnolia Oil & Gas against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +58% against the peers' median +52%. Operating margin: 30.1% against the peers' median 30.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MGY Magnolia Oil & Gas | Q3 2026 | $514M | +58% | 30.1% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Magnolia Oil & Gas 10-Q on SEC EDGAR · CIK 1698990 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns MGY and who is buying
More on MGY
- How Magnolia Oil & Gas makes money: revenue by segment
- Magnolia Oil & Gas next earnings date and what analysts expect
- Magnolia Oil & Gas stock forecast, price target and fair value
- Who owns Magnolia Oil & Gas stock: holders, funds and Congress trades
- Magnolia Oil & Gas guidance and outlook
- Is Magnolia Oil & Gas a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Magnolia Oil & Gas guidance history: guided vs reported
- Magnolia Oil & Gas operating margin by quarter
- Magnolia Oil & Gas net income by quarter
- Magnolia Oil & Gas free cash flow by quarter
- Magnolia Oil & Gas capital expenditures by quarter
- Magnolia Oil & Gas Oil revenues revenue by quarter
- Magnolia Oil & Gas Natural gas liquids revenues revenue by quarter
- Magnolia Oil & Gas Natural gas revenues revenue by quarter