Company: MGY
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001698990-25-000006
Chunk: 123

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 123
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 Holders(In thousands, except per share amounts)November 8, 2024December 2, 2024$0.130 $25,814 $25,096 $718 August 9, 2024September 3, 20240.130 26,119 24,694 1,425 May 13, 2024June 3, 20240.130 26,657 23,820 2,837 February 16, 2024March 1, 20240.130 26,824 23,987 2,837 November 9, 2023December 1, 20230.115 24,023 21,513 2,510 August 10, 2023September 1, 20230.115 24,321 21,811 2,510 May 11, 2023June 1, 20230.115 24,627 22,117 2,510 February 10, 2023March 1, 20230.115 24,878 22,368 2,510 (1)    Per share of Class A Common Stock and per Magnolia LLC Unit.(2)    Reflects total cash dividend and distribution payments made, or to be made, to holders of Class A Common Stock and Magnolia LLC Unit Holders (other than the Company) as of the applicable record date.Noncontrolling InterestNoncontrolling interest in Magnolia’s consolidated subsidiaries includes amounts attributable to Magnolia LLC Units that were issued to the Magnolia LLC Unit Holders in connection with the Business Combination. The noncontrolling interest percentage is affected by various equity transactions such as issuances and repurchases of Class A Common Stock, the exchange of Class B Common Stock (and corresponding Magnolia LLC Units) for Class A Common Stock, or the cancellation of Class B Common Stock (and corresponding Magnolia LLC Units). As of December 31, 2024, Magnolia owned approximately 97.2% of the interest in Magnolia LLC and the noncontrolling interest was 2.8%. 

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Highlander Oil & Gas Holdings LLC was a joint venture whereby MGY Louisiana LLC, a wholly owned subsidiary of Magnolia Operating, held approximately 84.7% of the units of Highlander, with the remaining 15.3% attributable to noncontrolling interest. On May 30,