Filing Flows › Magnolia Oil & Gas (MGY) › Q3 2026 › vs Q3 2025
Magnolia Oil & Gas (MGY) Q3 2026 vs Q3 2025 (year over year)
Magnolia Oil & Gas's revenue rose $189M (+58%) from $325M in Q3 2025 to $514M in Q3 2026. The biggest changes: Oil revenues +$163M (+71%); Natural gas liquids revenues +$24.2M (+47%); Natural gas revenues +$277K (+0.6%). Operating margin 30.1% against 31.2% (-1.1 pts).
Magnolia Oil & Gas, Q3 2026: revenue $514M (+58% year over year), operating margin 30.1%, net earnings $80.5M, operating cash flow $369M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 30.1% | 31.2% | -1.1 pts |
| Net margin | 15.7% | 24.1% | -8.4 pts |
| Free cash flow margin | 42.5% | 39.4% | +3.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Oil revenues | $394M | $231M | $163M | +71% |
| Natural gas liquids revenues | $75.4M | $51.2M | $24.2M | +47% |
| Natural gas revenues | $43.4M | $43.2M | $277K | +0.6% |
| Revenue | $514M | $325M | $189M | +58% |
| Operating profit | $155M | $101M | $53.1M | +52% |
| Costs & expenses | $359M | $223M | $136M | +61% |
| Pre-tax earnings | $104M | $95.4M | $8.8M | +9% |
| Other expense, net | $50.3M | $6.0M | $44.3M | +736% |
| General & admin | $25.3M | $24.2M | $1.1M | +5% |
| Other operating costs | $334M | $199M | $135M | +68% |
| Net earnings | $80.5M | $78.2M | $2.2M | +3% |
| Income tax | $23.8M | $17.2M | $6.6M | +38% |
| Depreciation & amortization | $148M | $111M | $37.2M | +34% |
| Share-based compensation | $9.8M | $7.3M | $2.5M | +34% |
| Working capital & other | $131M | $50.9M | $79.9M | +157% |
| Operating cash flow | $369M | $247M | $122M | +49% |
| Free cash flow (OCF − capex) | $218M | $128M | $90.2M | +70% |
| Capital expenditures | $151M | $119M | $31.7M | +27% |
Questions
How much did Magnolia Oil & Gas's revenue grow year over year in Q3 2026?
Magnolia Oil & Gas's revenue rose $189M (+58%) from $325M in Q3 2025 to $514M in Q3 2026.
What drove Magnolia Oil & Gas's revenue change in Q3 2026?
Oil revenues +$163M (+71%); Natural gas liquids revenues +$24.2M (+47%); Natural gas revenues +$277K (+0.6%).