Overview

* Magnolia Oil & Gas Corporations Q2 net income falls 23% yr/yr, adjusted EBITDAX down 9%

* Company's production grows 9% yr/yr, driven by strong well performance

* Magnolia raises full-year production growth guidance to 10%

Outlook

* Magnolia raises full-year 2025 production growth guidance to 10%

* Company maintains 2025 D&C capital spending at $430-$470 mln

* Magnolia expects Q3 2025 production of approximately 99 Mboe/d

* Company anticipates Q3 lease operating expenses at $5.25 per boe

Result Drivers

* PRODUCTION GROWTH - Magnolia attributes 9% production increase to strong well performance, particularly in Giddings area

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.41

Q2 Net $81 mln

Income

Q2 $223.20

Adjusted mln

EBITDA

Q2 Capex $95.20

mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

* Wall Street's median 12-month price target for Magnolia Oil & Gas Corp ( MGY ) is $26.00, about 5.4% above its July 29 closing price of $24.60

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)