Company: MGY
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001698990-25-000030
Chunk: 46

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 46
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 17% increase in natural gas production increased revenues by $20.1 million.

NGL revenues for the three months ended September 30, 2025 were $6.0 million higher than the three months ended September 30, 2024. A 16% increase in NGL production increased third quarter 2025 revenues by $7.1 million compared to the same period in the prior year, partially offset by a 2% decrease in average prices that decreased revenues by $1.1 million. NGL revenues for the nine months ended September 30, 2025 were $27.2 million higher than the nine months ended September 30, 2024. A 16% increase in NGL production increased revenues for the nine months ended September 30, 2025 by $20.8 million compared to the same period in the prior year, and a 5% increase in average prices increased revenues by $6.4 million.

Operating Expenses and Other Expense

The following table summarizes the Company’s operating expenses and other expense for the periods indicated. 

Three Months EndedNine Months Ended(In thousands, except per unit data)September 30, 2025September 30, 2024September 30, 2025September 30, 2024Operating Expenses:Lease operating expenses$48,553 $44,444 $139,218 $134,945 Gathering, transportation and processing17,744 10,676 49,186 27,668 Taxes other than income20,383 18,269 59,291 56,011 Exploration expenses131 491 841 918 Asset retirement obligations accretion1,838 1,749 4,957 5,112 Depreciation, depletion and amortization110,618 107,336 323,552 309,155 General and administrative expenses24,204 21,158 72,072 67,547 Total operating expenses$223,471 $204,123 $649,117 $601,356 Other Expense:Interest expense, net$(5,362)$(3,856)$(16,218)$(9,683)Other income (expense), net(661)7,286 309 4,018 Total other income (expense), net$(6,023)$3,430 $(15,909)$(5,665)