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Magnolia Oil & Gas earnings quality score
How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show
Score84 / 100 · grade A · rank 21 of 1027
Magnolia Oil & Gas (MGY) scores 84 of 100 for earnings quality, grade A: rank 21 of 1027 companies and 5 of 34 in energy. It loses the most points on Montier C-score 1 of 4 checks failed, adjusted earnings 11% below GAAP. It earns full or near-full marks for accruals of -19.3% of assets, lower than 96% of companies (profit backed by cash), profit about as variable as cash flow (smoothness 0.93).
What earned and lost points
| Component | What the filings show | Points | Of |
|---|---|---|---|
| Accruals | accruals of -19.3% of assets, lower than 96% of companies (profit backed by cash) | 38 | 40 |
| Montier C-score | Montier C-score 1 of 4 checks failed | 22 | 30 |
| Non-GAAP gap | adjusted earnings 11% below GAAP | 12 | 20 |
| Earnings smoothness | profit about as variable as cash flow (smoothness 0.93) | 10 | 10 |
How the score is built
Eight published measures, each scored against the whole universe or on its own scale and weighted: accruals 20, discretionary accruals 10, Beneish M 15, Dechow F 15, Montier C 15, Piotroski F 10, the non-GAAP gap 10, smoothness 5. A measure that cannot be computed (Beneish for a bank, say) drops out and the rest is rescaled, so every company is scored on what applies to it.
Every company ranked → The full quality workbench, live → Magnolia Oil & Gas: cash flow →
Computed from the companies’ own XBRL filings (latest fiscal year) by published formulas; a statistical screen, not an audit or an accusation. A low score means the reported profit shows more of the markers of managed or low-quality earnings than its peers. Not investment advice.