Company: MGY
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001698990-25-000021
Chunk: 51

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 51
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NTSAcquisitions$(39,653)$(150,172)Additions to oil and natural gas properties(231,455)(247,063)Changes in working capital associated with additions to oil and natural gas properties2,770 10,287 Class A Common Stock repurchases(100,932)(80,018)Class B Common Stock purchases and cancellations— (76,740)Dividends paid(57,261)(47,830)Distributions to noncontrolling interest owners(1,842)(6,206)Other(3,103)(8,025)Net uses of cash and cash equivalents(431,476)(605,767)NET CHANGE IN CASH AND CASH EQUIVALENTS$(8,288)$(125,438)

Sources of Cash and Cash Equivalents

Net Cash Provided by Operating Activities

Operating cash flows are the Company’s primary source of liquidity and are impacted, in the short-term and long-term, by oil and natural gas prices. The factors that determine operating cash flows are largely the same as those that affect net earnings, with the exception of certain non-cash expenses such as DD&A, stock based compensation, amortization of deferred financing costs, revaluation of contingent consideration, impairment of oil and natural gas properties, asset retirement obligations accretion, and deferred taxes.

22

Net cash provided by operating activities totaled $423.2 million and $480.3 million for the six months ended June 30, 2025 and 2024, respectively. During the six months ended June 30, 2025, cash provided by operating activities was negatively impacted by the timing of receipts and payments and a decrease in realized oil prices, partially offset by increased production and an increase in realized natural gas and NGL prices. 

Uses of Cash and Cash Equivalents

Acquisitions

The Company made individually insignificant bolt-on acquisitions during each of the six months ended June 30, 2025 and 2024. 

Additions to Oil and Natural Gas Properties 

The following table sets forth the Company’s capital expenditures for the periods presented:

Three Months EndedSix Months Ended(In thousands)June 30, 2025June 30, 2024June 30, 2025June 30, 2024Drilling and completion$95,247 $123,370 $225,686 $242,349 Leasehold acquisition costs5,040 2,707 5,769