Filing Flows › Magnolia Oil & Gas (MGY) › Q3 2026
Magnolia Oil & Gas (MGY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Magnolia Oil & Gas (MGY) reported revenue of $514M for the third quarter 2026 (Q3 2026), +58% from a year earlier and +7% from the quarter before. Operating margin was 30.1%, net earnings $80.5M (15.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $514M | +7% | +58% |
| Operating profit | $155M | -35% | +52% |
| Net earnings | $80.5M | -56% | +3% |
| Operating cash flow | $369M | -4% | +49% |
| Free cash flow | $218M | -16% | +70% |
What changed
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.
Questions
What was Magnolia Oil & Gas' revenue in the third quarter 2026?
Magnolia Oil & Gas (MGY) reported revenue of $514M for the third quarter 2026 (Q3 2026), +58% from a year earlier and +7% from the quarter before.
Was Magnolia Oil & Gas profitable in the third quarter 2026?
Operating profit was $155M (30.1% of revenue) and net earnings $80.5M.
Source: Magnolia Oil & Gas 10-Q on SEC EDGAR.