Company: MGY
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001698990-25-000021
Chunk: 18

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 18
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, and a corresponding distribution from Magnolia LLC to Magnolia LLC Unit Holders. Dividends in excess of retained earnings are recorded as a reduction of additional paid-in capital and distributions to the Magnolia LLC Unit Holders are recorded as a reduction of noncontrolling interest.The following table sets forth information with respect to cash dividends and distributions declared by the Company’s board of directors during the six months ended June 30, 2025 and the year ended December 31, 2024, on its own behalf and in its capacity as the managing member of Magnolia LLC, on issued and outstanding shares of Class A Common Stock and Magnolia LLC Units:Record DatePayment DateDividend/Distribution Amount per share (1)Distributions by Magnolia LLC (2)Dividends Declaredby the CompanyDistributions to Magnolia LLC Unit Holders(In thousands, except per share amounts)May 12, 2025June 2, 2025$0.15 $29,179 $28,350 $829 February 14, 2025March 3, 2025$0.15 $29,740 $28,911 $829 November 8, 2024December 2, 2024$0.13 $25,814 $25,096 $718 August 9, 2024September 3, 2024$0.13 $26,119 $24,694 $1,425 May 13, 2024June 3, 2024$0.13 $26,657 $23,820 $2,837 February 16, 2024March 1, 2024$0.13 $26,824 $23,987 $2,837 (1)    Per share of Class A Common Stock and per Magnolia LLC Unit.(2)    Reflects total cash dividend and distribution payments made, or to be made, to holders of Class A Common Stock and Magnolia LLC Unit Holders (other than the Company) as of the applicable record date.Noncontrolling Interest

Noncontrolling interest in Magnolia’s consolidated subsidiaries includes amounts attributable to Magnolia LLC Units that were issued to the Magnolia LLC Unit Holders. The noncontrolling interest percentage is affected by various equity transactions such as issuances and repurchases of Class A Common Stock, the exchange of Class B Common Stock (and