Magnolia Oil & Gas reports Q3 2026 earnings beat and raises production guidance
Magnolia Oil & Gas Corp announced third‑quarter 2026 results, posting adjusted earnings of $0.71 per share and revenue of $513.89 million, both above analyst estimates. Adjusted net income rose 114% YoY to $166.3 million and production increased roughly 17% year‑over‑year. The company guided Q4 2026 production to 159‑161 thousand barrels of oil equivalent per day and projected 4‑5% production growth in 2027, while returning $103 million to shareholders through a dividend and a 2.3 million‑share repurchase.
Why it matters
The company expects higher cash flow from the production increase and guidance, supporting its dividend of $0.18 per share and ongoing share buybacks (the company says it will return cash to shareholders). Analysts note the earnings beat and strong guidance could lift the stock (Investing.com’s note says the rally is supported by institutional buying).
Key facts
- 1Adjusted earnings per share were $0.71, beating the $0.59 estimate by $0.12. investing.com
- 2Revenue was $513.89 million, exceeding the $466.09 million consensus estimate. investing.com
- 3Adjusted net income was $166.3 million, up 114% YoY. stocktitan.net
- 4Average daily production was 117.3 thousand barrels of oil equivalent per day, a 17% YoY increase. stocktitan.net
- 5The company guided Q4 2026 production to 159‑161 thousand barrels of oil equivalent per day. stocktitan.net
- 6For 2027 the company forecasts production growth of 4%‑5% for both oil and total volumes. investing.com
Open questions
- Production volume is reported as 117.3 thousand barrels of oil equivalent per day in materials 1,3,4,5,6 but as 107 thousand barrels in material 7.
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.