Company: MGY
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001698990-25-000013
Chunk: 50

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 4
Chunk 50
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 or financial condition. There have been no material changes to the Company’s risk factors since its 2024 Form 10-K. Additional risk factors not presently known to the Company or that the Company currently deems immaterial may also impair its business, results of operations, or financial condition.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table sets forth the Company’s share repurchase activities for each period presented:

PeriodNumber of Shares of Class A Common Stock PurchasedAverage Price Paid per ShareTotal Number of Shares of Class A Common Stock Purchased as Part of Publicly Announced ProgramMaximum Number of Shares of Class A Common Stock that May Yet Be Purchased Under the Program (1)January 1, 2025 - January 31, 2025500,000 $25.09 500,000 1,243,105 February 1, 2025 - February 28, 2025585,000 23.71 585,000 10,658,105 March 1, 2025 - March 31, 20251,065,000 24.00 1,065,000 9,593,105 Total2,150,000 $24.18 2,150,000 9,593,105 

(1)As of December 31, 2024, the Company’s board of directors had authorized a share repurchase program of up to 40.0 million shares of Class A Common Stock. The program does not require purchases to be made within a particular time frame. On February 12, 2025, the Company’s board of directors increased the share repurchase authorization by an additional 10.0 million shares of Class A Common Stock, which increased the total share repurchase authorization to 50.0 million shares.

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Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.