Magnolia Oil & Gas Provides Update on Current Operations
Magnolia Oil & Gas Corporation Class A (MGY)
Last magnolia oil & gas corporation class a earnings: 2/19 04:11 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (“Magnolia” or the “Company”) (NYSE: MGY) today provided an update to its operations and first quarter guidance in response to recent product price and market volatility.Operational UpdateMagnolia’s business model prioritizes free cash flow, financial stability, and prudent capital allocation, and is designed to withstand challenging environments such as the one we are currently experiencing. In line with the guidance provided in Magnolia’s fourth quarter operating results, the Company’s ongoing plan is to spend approximately 60 percent of its adjusted EBITDAX on drilling and completing wells, providing consistent free cash flow generation, while maintaining low leverage and moderate production growth over time. Magnolia expects its capital outlays to be approximately half the levels of last year, and the Company expects to generate free cash flow during 2020 which can be used to further improve the business as opportunities
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MGY
News
- Magnolia Oil & Gas Corporation Appoints R. Lewis Ropp to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas Corporation Appoints R. Lewis Ropp to its Board of DirectorsBusiness Wire
- Even though Magnolia Oil & Gas (NYSE:MGY) has lost US$491m market cap in last 7 days, shareholders are still up 95% over 5 years [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target lowered by analysts at Piper Sandler from $26.00 to $24.00. They now have a "neutral" rating on the stock.MarketBeat
- Magnolia Oil & Gas Co. (NYSE: MGY) had its price target raised by analysts at Mizuho from $27.00 to $28.00. They now have a "neutral" rating on the stock.MarketBeat
MGY
Earnings
- 10/30/24 - Beat
MGY
Sec Filings
- 1/7/25 - Form 8-K
- 12/4/24 - Form 4
- 11/26/24 - Form 8-K
- MGY's page on the SEC website