Filing Flows › Magnolia Oil & Gas (MGY) › How it makes money
How Magnolia Oil & Gas (MGY) makes money
Magnolia Oil & Gas (MGY) made $513M of revenue in the third quarter 2026 (Q3 2026), +58% from a year earlier. Oil revenues brought in $394M (77%); Natural gas liquids revenues brought in $75.4M (15%); Natural gas revenues brought in $43.4M (8%). Of every dollar of revenue, 30¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Oil revenues | $394M | 76.8% | +5% | +71% |
| Natural gas liquids revenues | $75.4M | 14.7% | +15% | +47% |
| Natural gas revenues | $43.4M | 8.5% | +10% | +0.6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $513M | 100.0% |
| Operating profit | $155M | 30.2% |
| Income tax | $23.8M | 4.6% |
| Net earnings | $80.5M | 15.7% |
| Operating cash flow | $369M | 72.0% |
| Free cash flow | $218M | 42.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $514M | +58% |
| Q2 2026 | $479M | +50% |
| Q1 2026 | $359M | +2% |
| Q4 2025 | $318M | -3% |
| Q3 2025 | $325M | -2% |
| Q2 2025 | $319M | -5% |
| Q1 2025 | $350M | +10% |
From Magnolia Oil & Gas' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Magnolia Oil & Gas make money?
Magnolia Oil & Gas (MGY) made $513M of revenue in the third quarter 2026 (Q3 2026), +58% from a year earlier. Oil revenues brought in $394M (77%); Natural gas liquids revenues brought in $75.4M (15%); Natural gas revenues brought in $43.4M (8%). Of every dollar of revenue, 30¢ was left as operating profit, 16¢ was left as net earnings.
What is Magnolia Oil & Gas' biggest business?
Oil revenues: $394M in the third quarter 2026, 77% of revenue, +71% from a year earlier.
What is Magnolia Oil & Gas' profit margin?
Net earnings were $80.5M, 15.7% of revenue, in the third quarter 2026; the operating margin was 30.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.