Company: MGY
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001698990-25-000030
Chunk: 23

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 23
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 Class A Common Stock is calculated under both the two-class method and the treasury stock method and the more dilutive of the two calculations is presented. 

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The components of basic and diluted net income per share attributable to Class A Common Stock are as follows:Three Months EndedNine Months Ended(In thousands, except per share data)September 30, 2025September 30, 2024September 30, 2025September 30, 2024Basic:Net income attributable to Class A Common Stock$75,456 $99,784 $256,499 $280,429 Less: Dividends and net income allocated to participating securities969 1,219 3,567 3,533 Net income, net of participating securities$74,487 $98,565 $252,932 $276,896 Weighted average number of common shares outstanding during the period - basic184,737 187,859 186,621 185,065 Net income per share of Class A Common Stock - basic$0.40 $0.52 $1.36 $1.50 Diluted:Net income attributable to Class A Common Stock$75,456 $99,784 $256,499 $280,429 Less: Dividends and net income allocated to participating securities969 1,219 3,567 3,532 Net income, net of participating securities$74,487 $98,565 $252,932 $276,897 Weighted average number of common shares outstanding during the period - basic184,737 187,859 186,621 185,065 Add: Dilutive effect of stock based compensation and other12 12 12 31 Weighted average number of common shares outstanding during the period - diluted184,749 187,871 186,633 185,096 Net income per share of Class A Common Stock - diluted$0.40 $0.52 $1.36 $1.50 For the three months ended September 30, 2025 and 2024, the Company excluded 5.5 million and 10.5 million, respectively, of weighted average shares of Class A Common Stock issuable upon the exchange of Class B Common Stock (and corresponding Magnolia LLC Units) as the effect was anti-dilutive. For the nine months ended September 30,