Szabo Shandell purchased $2K of MGY

Magnolia Oil & Gas (NYSE:MGY) reported Q2 production slightly above 20,000 boe/d in Karnes and said it expects to sustain it for years. For Q3, it expects standalone production near 106,000 boe/d and drilling and completion capex of about $115M. Q2 cash was $296M, with $31M dividends and $49M buybacks. MGY plans to buy WildFire for about $4.06B, funded by equity and $500M notes, targeting closing late Q3.

Magnolia Oil & Gas Corp (MGY) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 q22026pressrelease.htm EX-99.1 Document Exhibit 99.1 Magnolia Oil & Gas Corporation Announces Second Quarter 2026 Results HOUSTON, TX, August 5, 2026 - Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced its financial a

Magnolia Oil & Gas said July 20, 2026 it will acquire privately held WildFire Energy for $4.06 billion. The deal adds 810,000 acres in South Texas’ Giddings field, more than doubling Magnolia’s net acreage to about 1.25 million and raising combined production to about 159,000 boe/d. Magnolia also buys a sand mine and 500 miles of gas gathering pipelines.

Kayne Anderson and Warburg Pincus agreed to sell WildFire Energy to Magnolia Oil & Gas for about $4.1bn. Magnolia will add Eagle Ford acreage and about 53,000 boe/d of production, and targets at least $100mn in annual cost savings. Matador Resources will buy EnCap-backed Paloma Permian for $1.3bn, adding 16,235 net undeveloped acres and 11,100 boe/d. Magnolia raised its output growth forecast to 6% and increased its dividend 9%.

Magnolia Oil & Gas (NYSE:MGY) agreed to acquire WildFire Energy in an all-in deal valued at about $4.06 billion. The company says it will more than double its Giddings field acreage in South Texas, adding about 53,000 boe/d and expanding to 1.29 million net acres. MGY expects immediate accretion to cash flow, FCF and EPS, plus cost synergies and a 9% dividend increase, funded with equity and debt.

Magnolia Oil & Gas (NYSE: MGY) said it has a definitive agreement to acquire private equity-backed WildFire Energy for about $4 billion. Magnolia’s board unanimously approved. The deal is expected to expand its South Texas presence and more than double its Giddings field footprint. WildFire produces ~53,000 boe/d on ~810,000 net acres and is expected to close in Q3.