Company: MGY
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001698990-25-000021
Chunk: 24

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 24
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 income, net of participating securities$77,118 $94,353 $178,443 $178,334 Weighted average number of common shares outstanding during the period - basic186,518 184,937 187,579 183,652 Add: Dilutive effect of stock based compensation and other12 28 12 42 Weighted average number of common shares outstanding during the period - diluted186,530 184,965 187,591 183,694 Net income per share of Class A Common Stock - diluted$0.41 $0.51 $0.95 $0.97 For the three months ended June 30, 2025 and 2024, the Company excluded 5.5 million and 16.2 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 six months ended June 30, 2025 and 2024, the Company excluded 5.5 million and 19.0 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.

13. Related Party Transactions

For the six months ended June 30, 2025 and 2024, there were no material related party transactions with an entity that held more than 10% of the Company’s common stock or qualified as a principal owner of the Company, as defined in ASC 850, “Related Party Disclosures.”

14. Supplemental Cash Flow

Supplemental cash flow disclosures are presented below:Six Months Ended(In thousands)June 30, 2025June 30, 2024Supplemental cash items:Cash paid for income taxes$8,400 $15,114 Cash paid for interest14,573 13,175 Supplemental non-cash investing and financing activity:Accrued capital expenditures34,515 44,417 Net liabilities assumed in connection with acquisitions— 6,990 Supplemental non-cash lease operating activity:Right-of-use assets obtained in exchange for operating lease obligations19,184 5,893 

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15. Subsequent Events

On July 29, 2025, the Company’s board of directors declared a quarterly cash dividend