Company: MGY
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001698990-25-000030
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Company: Magnolia Oil & Gas Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1A
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Item 1A. Risk Factors

Please refer to Part I, Item 1A—Risk Factors of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (“2024 Form 10-K”), and Part I, Item 3—Quantitative and Qualitative Disclosures About Market Risk of this Quarterly Report on Form 10-Q. Any of these factors could result in a significant or material adverse effect on Magnolia’s business, results of operations, 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.

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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 - March 31, 20252,150,000 $24.18 2,150,000 9,593,105 April 1, 2025 - June 30, 20252,210,000 22.03 2,210,000 7,383,105 July 1, 2025 - July 31, 2025550,000 23.48 550,000 6,833,105 August 1, 2025 - August 31, 2025794,974 23.85 794,974 6,038,131 September 1, 2025 - September 30, 2025805,000 24.28 805,000 5,233,131 Total6,509,974 23.36 6,509,974 5,233,131 

(1)The Company’s board of directors has authorized a share repurchase program of up to 50.0 million shares of Class A Common Stock. The program does not require purchases to be made within a particular time frame.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disc