Magnolia Oil & Gas Corp (MGY) FY2025 10-K Annual Report

Filed: Feb 12, 2026
Energy
Crude Petroleum & Natural GasSEC EDGAR

Magnolia Oil & Gas Corp (MGY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Magnolia Oil & Gas Corp FY2025 10-K Analysis

Management Discussion & Analysis

  • Revenue $1.31B, stable YoY vs $1.32B; oil down $128.6M (-12%), natural gas up $100M (+111%), NGLs up $24.6M (+14%)
  • Operating costs $872.7M vs $803.9M; lease operating expense $186.6M, gathering/processing $67.1M; DD&A $437.8M; margin impact not explicitly given
  • Best segment: natural gas revenues +$100M to $190.3M due to 79% price and 17% volume increase; worst: oil revenues down $128.6M to $918M from price drop
  • Cash flow from operations $878.6M vs $920.9M; capital expenditures $469.5M; share repurchases $205.5M; dividends $113.1M in 2025
  • Forward view highlights ongoing commodity price volatility, inflation and geopolitical risks; capital discipline emphasized, spending within cash flow with low leverage

Risk Factors

  • Regulatory risk: U.S. limits on wastewater disposal and hydraulic fracturing permitting delays impacting drilling schedules
  • Macroeconomic risk: Concentrated production in South Texas exposed to Gulf Coast hurricanes disrupting transportation and causing production shut-ins
  • Operational vulnerability: Reliance on new horizontal drilling and completion techniques with risks of cost overruns, production delays, or well abandonment
  • Market disruption risk: Dependence on two purchasers accounting for 61% of 2025 revenue risks revenue loss if either ceases purchases
  • Financial risk: Inability to obtain capital on satisfactory terms may delay development of 43.6 MMboe proved undeveloped reserves, reducing future production

Magnolia Oil & Gas Corp FY2025 Key Financial Metrics
XBRL

Revenue

$1.3B

-0.3% YoY

Net Income

$325M

-11.1% YoY

Operating Margin

33.5%

-543bp YoY

Net Margin

24.8%

-302bp YoY

ROE

16.3%

-234bp YoY

Total Assets

$2.9B

+2.9% YoY

Operating Cash Flow

$879M

-4.6% YoY

Source: XBRL data from Magnolia Oil & Gas Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.

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