Company: MGY
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001698990-25-000021
Chunk: 29

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 29
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%30 %NGLs28 %28 %28 %27 %Revenues:Oil revenues$226,345 $275,331 $471,879 $534,514 Natural gas revenues42,850 18,569 94,218 39,664 Natural gas liquids revenues49,786 42,825 103,185 81,964 Total revenues$318,981 $336,725 $669,282 $656,142 Revenues (% of total):Oil71 %81 %71 %82 %Natural gas13 %6 %14 %6 %NGLs16 %13 %15 %12 %Average Price:Oil (per barrel)$62.20 $79.74 $65.94 $77.83 Natural gas (per Mcf)2.55 1.24 2.83 1.38 NGLs (per barrel)19.94 18.96 20.97 19.21 

Oil revenues for the three months ended June 30, 2025 were $49.0 million lower than the three months ended June 30, 2024. A 22% decrease in average prices decreased second quarter 2025 revenues by $60.6 million compared to the same period in the prior year, partially offset by a 5% increase in oil production that increased revenues by $11.6 million. Oil revenues for the six months ended June 30, 2025 were $62.6 million lower than for the six months ended June 30, 2024. A 15% decrease in average prices 

19

decreased revenues for the six months ended June 30, 2025 by $81.6 million compared to the same period in the prior year, partially offset by a 4% increase in oil production that increased revenues by $19.0 million.

Natural gas revenues for the three months ended June 30, 2025 were $24.3 million higher than the three months ended June 30, 2024. A 106% increase in average prices increased second quarter 2025 revenues by $19.6 million compared to the same period in the prior year, and a 12% increase in natural gas production increased revenues by $4.7 million. Natural gas revenues for the six