Filing Flows › Magnolia Oil & Gas (MGY) › Q4 2025
Magnolia Oil & Gas (MGY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Magnolia Oil & Gas (MGY) reported revenue of $318M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -2% from the quarter before. Operating margin was 29.6%, net earnings $68.8M (21.6% of revenue).
Magnolia Oil & Gas, Q4 2025: revenue $318M (-3% year over year), operating margin 29.6%, net earnings $68.8M, operating cash flow $208M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $318M | -2% | -3% |
| Operating profit | $94.1M | -7% | -24% |
| Net earnings | $68.8M | -9% | -20% |
| Operating cash flow | $208M | -16% | -6% |
| Free cash flow | $89.4M | -30% | +2% |
What changed
Revenue was $317.6M in Q4 2025, down 3% year over year and down 2% from the previous quarter. Oil revenues was the largest line at 68% of revenue.
Operating profit was $94.1M, a 29.6% margin (down 8.4 points year over year). Total costs grew 10% against a revenue fall of 3%. The fastest-growing cost line was General & admin (+18%). Net earnings were $68.8M, down 20% year over year. The effective tax rate was 19.1%.
Operating cash flow was $208.4M (down 6% year over year), 292% of net income including minority interests. Non-cash charges added back $114.2M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items added $16.7M. Capital expenditures of $119.0M left free cash flow of $89.4M.
Questions
What was Magnolia Oil & Gas' revenue in the fourth quarter 2025?
Magnolia Oil & Gas (MGY) reported revenue of $318M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -2% from the quarter before.
Was Magnolia Oil & Gas profitable in the fourth quarter 2025?
Operating profit was $94.1M (29.6% of revenue) and net earnings $68.8M.
Source: Magnolia Oil & Gas 10-K on SEC EDGAR.