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Magnolia Oil & Gas vs California Resources: MGY and CRC compared
Magnolia Oil & Gas is the larger company: $514M of revenue in its latest quarter (Q3 2026) against $421M for California Resources (Q3 2026). Magnolia Oil & Gas is growing faster (+58% against -51% a year earlier). Magnolia Oil & Gas is more profitable, with an operating margin of 30.1% against -96.7%.
Where the money goes: MGY and CRC
Magnolia Oil & Gas (MGY) · Q3 2026
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.
California Resources (CRC) · Q3 2026
California Resources, Q3 2026: revenue $421M (-51% year over year), operating margin -96.7%, net loss $315M, operating cash flow $305M. The chart follows the revenue to costs, profit and cash.
| Magnolia Oil & Gas (MGY) | California Resources (CRC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $514M | $421M |
| Revenue growth, Y/Y | +58% | -51% |
| Operating margin | 30.1% | -96.7% |
| Net earnings | $80.5M | −$315M |
| Net margin | 15.7% | -74.8% |
| Operating cash flow | $369M | $305M |
| Free cash flow | $218M | $147M |
| Market value | $5.5B | $4.2B |
| P/E | 12.6× | — |
| Analysts’ mean target | $33.39 | $74.92 |
Where the revenue comes from
Magnolia Oil & Gas
- Oil revenues: $394M (77%)
- Natural gas liquids revenues: $75.4M (15%)
- Natural gas revenues: $43.4M (8%)
Questions
Which is bigger, Magnolia Oil & Gas or California Resources?
Magnolia Oil & Gas is the larger company: $514M of revenue in its latest quarter (Q3 2026) against $421M for California Resources (Q3 2026).
Is Magnolia Oil & Gas or California Resources growing faster?
Magnolia Oil & Gas is growing faster (+58% against -51% a year earlier).
Which is more profitable, Magnolia Oil & Gas or California Resources?
Magnolia Oil & Gas is more profitable, with an operating margin of 30.1% against -96.7%.
More: Magnolia Oil & Gas earnings · how Magnolia Oil & Gas makes money · California Resources earnings · how California Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.