Company: MGY
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001698990-25-000021
Chunk: 30

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 30
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 months ended June 30, 2025 were $54.6 million higher than the six months ended June 30, 2024. A 105% increase in average prices increased revenues for the six months ended June 30, 2025 by $41.6 million compared to the same period in the prior year, and a 16% increase in natural gas production increased revenues by $13.0 million.

NGL revenues for the three months ended June 30, 2025 were $7.0 million higher than the three months ended June 30, 2024. A 5% increase in average prices increased second quarter 2025 revenues by $2.3 million compared to the same period in the prior year, and a 10% increase in NGL production increased revenues by $4.7 million. NGL revenues for the six months ended June 30, 2025 were $21.2 million higher than the six months ended June 30, 2024. A 9% increase in average prices increased revenues for the six months ended June 30, 2024 by $7.5 million compared to the same period in the prior year, and a 15% increase in NGL production increased revenues by $13.7 million.

Operating Expenses and Other Expense

The following table summarizes the Company’s operating expenses and other expense for the periods indicated. 

Three Months EndedSix Months Ended(In thousands, except per unit data)June 30, 2025June 30, 2024June 30, 2025June 30, 2024Operating Expenses:Lease operating expenses$43,590 $44,350 $90,665 $90,500 Gathering, transportation and processing16,489 8,455 31,442 16,992 Taxes other than income18,802 19,844 38,907 37,742 Exploration expenses363 402 711 427 Asset retirement obligations accretion1,563 1,745 3,119 3,363 Depreciation, depletion and amortization107,082 104,743 212,935 201,819 General and administrative expenses23,278 22,835 47,867 46,390 Total operating expenses$211,167 $202,374 $425,646 $397,233 Other Expense:Interest