Filing Flows › Magnolia Oil & Gas (MGY) › Q3 2025
Magnolia Oil & Gas (MGY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Magnolia Oil & Gas (MGY) reported revenue of $325M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +2% from the quarter before. Operating margin was 31.2%, net earnings $75.5M (23.2% of revenue).
Magnolia Oil & Gas, Q3 2025: revenue $325M (-2% year over year), operating margin 31.2%, net earnings $75.5M, operating cash flow $247M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $325M | +2% | -2% |
| Operating profit | $101M | -6% | -21% |
| Net earnings | $75.5M | -3% | -24% |
| Operating cash flow | $247M | +24% | +13% |
| Free cash flow | $128M | +30% | +13% |
What changed
Revenue was $324.9M in Q3 2025, down 2% year over year and up 2% from the previous quarter. Oil revenues was the largest line at 71% of revenue. Oil revenues lost $35.2M year over year (down 13%), 429% of the total change.
Operating profit was $101.5M, a 31.2% margin (down 7.5 points year over year). Total costs grew 9% against a revenue fall of 2%. The fastest-growing cost line was General & admin (+14%). Net earnings were $75.5M, down 24% year over year. The effective tax rate was 18.0%.
Operating cash flow was $247.1M (up 13% year over year), 316% of net income including minority interests. Non-cash charges added back $110.6M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items added $50.9M. Capital expenditures of $119.0M left free cash flow of $128.0M.
Questions
What was Magnolia Oil & Gas' revenue in the third quarter 2025?
Magnolia Oil & Gas (MGY) reported revenue of $325M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +2% from the quarter before.
Was Magnolia Oil & Gas profitable in the third quarter 2025?
Operating profit was $101M (31.2% of revenue) and net earnings $75.5M.
Source: Magnolia Oil & Gas 10-Q on SEC EDGAR.