Company: MGY
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001698990-25-000030
Chunk: 44

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 44
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 from period to period or going forward, as a result of the Company’s redemption of its 2026 Senior Notes that bore interest at 6.0% per annum and its issuance of the 2032 Senior Notes that bear interest at 6.875% per annum, both of which occurred in November 2024.

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Three and Nine Months Ended September 30, 2025 Compared to the Three and Nine Months Ended September 30, 2024

Oil, Natural Gas and NGL Sales Revenues

The following table provides the components of Magnolia’s revenues for the periods indicated, as well as each period’s respective average prices and production volumes. This table shows production on a boe basis in which natural gas is converted to an equivalent barrel of oil based on a ratio of six Mcf to one barrel. This ratio may not be reflective of the current price ratio between the two products.

Three Months EndedNine Months Ended(In thousands, except per unit data)September 30, 2025September 30, 2024September 30, 2025September 30, 2024Production:Oil (MBbls)3,628 3,579 10,784 10,447 Natural gas (MMcf)17,515 14,644 50,828 43,375 NGLs (MBbls)2,700 2,325 7,620 6,592 Total (Mboe)9,247 8,345 26,875 24,269 Average daily production:Oil (Bbls/d)39,430 38,902 39,500 38,128 Natural gas (Mcf/d)190,384 159,170 186,183 158,302 NGLs (Bbls/d)29,347 25,271 27,912 24,060 Total (boe/d)100,507 90,702 98,443 88,572 Production (% of total):Oil39 %43 %40 %43 %Natural gas32 %29 %32 %30 %NGLs29 %28 %28 %27 %Revenues:Oil revenues$230,530 $265,682 $702,409 $800,195 Natural gas revenues43,169 22,207 137,386 61,871 Natural gas liquids revenues51