We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Magnolia Oil & Gas Corp (MGY) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Magnolia Oil & Gas Corp (MGY - Free Report) reported $358.51 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 2.3%. EPS of $0.54 for the same period compares to $0.55 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $335.12 million, representing a surprise of +6.98%. The company delivered an EPS surprise of +5.2%, with the consensus EPS estimate being $0.51.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Magnolia Oil & Gas Corp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily production - Total: 102,564.00 BOE/D compared to the 102,117.00 BOE/D average estimate based on six analysts.
Average daily production - Natural Gas: 193,143.00 Mcf/D compared to the 193,842.90 Mcf/D average estimate based on six analysts.
Average daily production - Natural gas liquids: 29,696.00 BBL/D versus the six-analyst average estimate of 29,551.43 BBL/D.
Average daily production - Oil: 40,678.00 BBL/D versus 40,047.31 BBL/D estimated by six analysts on average.
Average sales prices - Natural gas: $2.98 compared to the $2.94 average estimate based on five analysts.
Average sales prices - Natural gas liquids: $18.48 versus $19.51 estimated by four analysts on average.
Average sales prices - Oil: $70.29 versus the four-analyst average estimate of $66.79.
Total Production: 9,231.00 MBOE compared to the 9,174.52 MBOE average estimate based on two analysts.
Revenues- Natural gas: $51.8 million compared to the $51.39 million average estimate based on five analysts. The reported number represents a change of +0.8% year over year.
Revenues- Natural gas liquids: $49.38 million versus the four-analyst average estimate of $52.46 million. The reported number represents a year-over-year change of -7.5%.
Revenues- Oil: $257.33 million versus the four-analyst average estimate of $240.83 million. The reported number represents a year-over-year change of +4.8%.
Shares of Magnolia Oil & Gas Corp have returned -3.4% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Magnolia Oil & Gas Corp (MGY) Reports Q1 Earnings: What Key Metrics Have to Say
Magnolia Oil & Gas Corp (MGY - Free Report) reported $358.51 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 2.3%. EPS of $0.54 for the same period compares to $0.55 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $335.12 million, representing a surprise of +6.98%. The company delivered an EPS surprise of +5.2%, with the consensus EPS estimate being $0.51.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Magnolia Oil & Gas Corp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Magnolia Oil & Gas Corp here>>>
Shares of Magnolia Oil & Gas Corp have returned -3.4% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.