Company: MGY
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001698990-25-000021
Chunk: 23

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 23
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 liability-classified PSUs as of June 30, 2025 was $5.7 million, which the Company expects to recognize over a weighted average period of 1.4 years.The following table summarizes the Monte Carlo simulation assumptions used to remeasure the fair value of the liability-classified PSUs as of June 30, 2025.Liability-classified PSU Remeasurement Fair Value AssumptionsJune 30, 2025Expected term (in years)0.5 - 2.50Expected volatility34.36% - 44.49%Risk-free interest rate3.63% - 4.20%Dividend yield2.69%

12. Earnings Per Share

The Company’s unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are deemed participating securities, and therefore dividends and net income allocated to such awards have been deducted from earnings in computing basic and diluted net income per share under the two-class method. Diluted net income per share attributable to 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. 

15

The components of basic and diluted net income per share attributable to Class A Common Stock are as follows:Three Months EndedSix Months Ended(In thousands, except per share data)June 30, 2025June 30, 2024June 30, 2025June 30, 2024Basic:Net income attributable to Class A Common Stock$78,117 $95,559 $181,044 $180,645 Less: Dividends and net income allocated to participating securities999 1,205 2,601 2,311 Net income, net of participating securities$77,118 $94,354 $178,443 $178,334 Weighted average number of common shares outstanding during the period - basic186,518 184,937 187,579 183,652 Net income per share of Class A Common Stock - basic$0.41 $0.51 $0.95 $0.97 Diluted:Net income attributable to Class A Common Stock$78,117 $95,559 $181,044 $180,645 Less: Dividends and net income allocated to participating securities999 1,206 2,601 2,311 Net