Magnolia Oil & Gas

Q2 FY2026 EarningsQ2 FY2026 outperformed consensus across all key metrics: revenue of $478.8M beat expectations by 3.5%, while normalized EPS of $0.99 exceeded the $0.94 mean. Total production of 106.1 Mboe/d topped guidance, driven by a 10% YoY surge in Giddings field output. Strong price realizations and cost discipline led to a free cash flow beat of $234.6M (vs. ~$209.7M expected), prompting management to raise full-year production growth guidance to 6% and increase the quarterly dividend by 9% in conjunction with the announced WildFire acquisition.