Overview

* Magnolia Q3 net income falls 26% yr/yr, adjusted EBITDAX down 10%

* Company Q3 production grows 11% yr/yr, setting new quarterly record

* Magnolia repurchased 2.15 mln shares, returning $80.3 mln to shareholders

Outlook

* Magnolia expects Q4 2025 production at approximately 101 Mboe/d

* Company anticipates 10% production growth for full-year 2025

* Magnolia expects mid-single digit production growth in 2026

Result Drivers

* STRONG PRICE REALIZATIONS - Magnolia's revenue and operating income supported by strong natural gas and NGL price realizations

* PRODUCTION GROWTH - Magnolia achieved 11% production growth, setting a new quarterly record, driven by strong well performance

* CAPITAL DISCIPLINE - Magnolia's capital spending remained below 55% of adjusted EBITDAX, supporting production growth and shareholder returns

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.40

Q3 Net $78.20

Income mln

Q3 $218.80

Adjusted mln

EBITDA

Q3 Capex $118.40

mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 8 "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 $27.00, about 15.7% above its October 28 closing price of $22.76

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

Press Release:

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(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.)