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Asset logo for symbol MGY
Magnolia Oil & Gas
MGY62
$22.79arrow_drop_down0.78%-$0.17
Asset logo for symbol MGY
MGY62

$22.79

arrow_drop_down0.78%

Income Statement (MGY)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$136.29M$134.35M$124.55M$138.08M$147.25M
EBITDA$245.38M$240.83M$223.25M$235.51M$229.29M
gross Profit$170.67M$177.03M$166.01M$173.56M$234.52M
NET Income$99.78M$95.55M$85.08M$98.44M$102.03M
total Revenue$333.13M$336.72M$319.41M$322.62M$315.67M

Balance Sheet (MGY)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents----$618.46M
net Debt$118.65M$118.44M-$5.83M$8.42M-$226.25M
stockholders Equity$1.90B$1.81B$1.70B$1.69B$1.66B
total Assets$2.81B$2.84B$2.80B$2.75B$2.65B
total Debt$394.79M$394.13M$393.48M$409.54M$392.20M
total Liabilities$850.38M$924.50M$910.15M$873.54M$805.33M

Cash Flow (MGY)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow-$87.87M-$132.89M-$85.42M-$79.97M-$83.02M
free Cash Flow$113.02M-$3.45M$96.83M-$159.74M$58.13M
investing Cash Flow-----$430.64M
operating Cash Flow$217.89M$269.39M$210.93M$246.88M$187.31M

Magnolia Oil & Gas (MGY) Financials

The income statement of Magnolia Oil & Gas Corp (MGY) provides a comprehensive view of the company's financial performance. It outlines the revenue generated by the company during a specific period and deducts the cost of goods sold to arrive at the gross profit. From the gross profit, operating expenses such as selling, general, and administrative expenses are subtracted to calculate the operating income or earnings before interest and taxes (EBIT). The EBIT is an important measure as it indicates the company's profitability before considering interest and taxes.
EBITDA, or earnings before interest, taxes, depreciation, and amortization, is another key financial metric used to assess Magnolia Oil & Gas Corp's operating performance. It takes into account non-cash expenses such as depreciation and amortization, providing a clearer picture of the company's cash flow generation ability. By excluding interest and taxes, EBITDA allows for a more accurate comparison of operational efficiency between companies.
Net income from stockholders refers to the profit earned by Magnolia Oil & Gas Corp after deducting all expenses, including interest and taxes. It represents the amount of money that is available for distribution to the company's stockholders. Total revenue is the sum of all revenue streams generated by the company, including sales of oil and gas products, royalties, and other income sources.
The balance sheet of Magnolia Oil & Gas Corp provides information about the company's financial position at a specific point in time. It lists the company's assets, liabilities, and stockholders' equity. Total assets represent the value of all resources owned by the company, including cash, accounts receivable, properties, and equipment. Total liabilities, on the other hand, represent the company's obligations, such as loans, accounts payable, and accrued expenses.
Cash equivalents refer to highly liquid assets that can be easily converted into cash within a short period. They include short-term investments, government bonds, and treasury bills. Net debt is the difference between a company's total debt and its cash and cash equivalents. It provides an indication of the company's ability to repay its debt obligations with available cash.
Stockholders' equity represents the ownership interest of the company's shareholders. It includes common and preferred stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income. It reflects the company's net worth and is an important indicator of financial health.
Cash flow refers to the movement of cash in and out of the company during a specific period. It includes operating, investing, and financing activities. Operating cash flow shows the cash generated from core business operations. Investing cash flow represents the cash used for acquiring or disposing of assets, while financing cash flow includes activities related to raising capital or repaying debt. Free cash flow is the cash left after subtracting capital expenditures from operating cash flow, indicating the company's ability to generate excess cash for expansion or distribution to shareholders.
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