Company: MGY
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001698990-25-000021
Chunk: 44

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 44
---
 from period to period or going forward, as a result of the Company’s redemption of its 2026 Senior Notes that bore interest at 6.0% per annum and its issuance of the 2032 Senior Notes that bear interest at 6.875% per annum, both of which occurred in November 2024.

Three and Six Months Ended June 30, 2025 Compared to the Three and Six Months Ended June 30, 2024

Oil, Natural Gas and NGL Sales Revenues

The following table provides the components of Magnolia’s revenues for the periods indicated, as well as each period’s respective average prices and production volumes. This table shows production on a boe basis in which natural gas is converted to an equivalent barrel of oil based on a ratio of six Mcf to one barrel. This ratio may not be reflective of the current price ratio between the two products.

Three Months EndedSix Months Ended(In thousands, except per unit data)June 30, 2025June 30, 2024June 30, 2025June 30, 2024Production:Oil (MBbls)3,639 3,453 7,156 6,868 Natural gas (MMcf)16,820 14,982 33,313 28,731 NGLs (MBbls)2,496 2,259 4,920 4,268 Total (Mboe)8,939 8,209 17,628 15,924 Average daily production:Oil (Bbls/d)39,990 37,943 39,536 37,737 Natural gas (Mcf/d)184,840 164,641 184,048 157,863 NGLs (Bbls/d)27,432 24,824 27,182 23,448 Total (boe/d)98,229 90,207 97,394 87,496 Production (% of total):Oil41 %42 %41 %43 %Natural gas31 %30 %31 %30 %NGLs28 %28 %28 %27 %Revenues:Oil revenues$226,345 $275,331 $471,879 $534,514 Natural gas revenues42,850 18,569 94,218 39,664 Natural gas liquids revenues49,786