Company: MGY
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001698990-25-000013
Chunk: 10

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 10
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$396,808 Contingent consideration (see Note 8)— 7,269 — 7,269 Liability-classified stock based compensation (see Note 11)— — — — 

7

Long-Term DebtThe fair value of the 2032 Senior Notes at March 31, 2025 and December 31, 2024 is based on unadjusted quoted prices in an active market. The carrying value of the 2032 Senior Notes, net of unamortized deferred financing costs, was $392.7 million and $392.5 million as of March 31, 2025 and December 31, 2024, and is included in “Long-term debt, net” on the Company’s consolidated balance sheets.Contingent ConsiderationThe fair value of the contingent consideration is estimated using observable market data (NYMEX WTI forward price curve) and Monte Carlo simulation models. The fair value of the contingent consideration is included in “Other current liabilities” on the Company’s consolidated balance sheets.Liability-Classified Stock Based CompensationThe fair value of the liability for future cash-settled stock based compensation is estimated using observable market data (the total shareholder return (“TSR”) of the Class A Common Stock relative to the TSR achieved by a specific industry peer group) and Monte Carlo simulation models. The fair value of the liability for future cash-settled stock based compensation is included in “Other current liabilities” and “Other long-term liabilities” on the Company’s consolidated balance sheets.Nonrecurring Fair Value MeasurementsCertain of the Company’s assets and liabilities are measured at fair value on a nonrecurring basis. Specifically, equity-classified stock based compensation is not measured at fair value on an ongoing basis but is subject to fair value calculations in certain circumstances. For further detail, see Note 11—Stock Based Compensation in the notes to the consolidated financial statements. There were no other material nonrecurring fair value measurements as of March 31, 2025 or December 31, 2024.

6. Other Current Liabilities

The following table provides detail of the Company’s other current liabilities for the periods presented:(In thousands)March 31, 2025December 31, 2024Accrued capital expenditures$40,955 $31,745 Current operating lease liabilities18,757 12,210 Other73,009 65,233 Total other current liabilities$132,721 $109,188