Filing Flows › Magnolia Oil & Gas (MGY) › Q1 2025
Magnolia Oil & Gas (MGY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Magnolia Oil & Gas (MGY) reported revenue of $350M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +7% from the quarter before. Operating margin was 38.8%, net earnings $103M (29.4% of revenue).
Magnolia Oil & Gas, Q1 2025: revenue $350M (+10% year over year), operating margin 38.8%, net earnings $103M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $350M | +7% | +10% |
| Operating profit | $136M | +9% | +9% |
| Net earnings | $103M | +20% | +21% |
| Operating cash flow | $224M | +0.8% | +6% |
| Free cash flow | $93.3M | +6% | +4% |
What changed
Revenue was $350.3M in Q1 2025, up 10% year over year and up 7% from the previous quarter. Oil revenues was the largest line at 70% of revenue. Natural gas revenues added $30.3M year over year (up 144%), 98% of the total change. Oil revenues declined 5%.
Operating profit was $135.8M, a 38.8% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, below the 39% margin then. Total costs grew 10% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $102.9M, up 21% year over year. The effective tax rate was 19.1%.
Operating cash flow was $224.5M (up 6% year over year), 210% of net income including minority interests. Non-cash charges added back $105.9M of depreciation and amortization and $6.5M of share-based compensation. Capital expenditures of $131.2M left free cash flow of $93.3M.
Questions
What was Magnolia Oil & Gas' revenue in the first quarter 2025?
Magnolia Oil & Gas (MGY) reported revenue of $350M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +7% from the quarter before.
Was Magnolia Oil & Gas profitable in the first quarter 2025?
Operating profit was $136M (38.8% of revenue) and net earnings $103M.
Source: Magnolia Oil & Gas 10-Q on SEC EDGAR.