Magnolia Oil & Gas Corp reports results for the quarter ended March 31 - Earnings Summary

Magnolia Oil & Gas

01/05/2025 18:15

Magnolia Oil & Gas Corp MGY.N reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 49 cents.  The mean expectation of eighteen analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 50 cents to 61 cents per share.

Revenue rose 9.7% to $350.30 million from a year ago; analysts expected $342.92 million.

Magnolia Oil & Gas Corp's reported EPS for the quarter was 54 cents​.

The company reported quarterly net income of $102.93 million.

Magnolia Oil & Gas Corp shares had fallen by 18.7% this quarter and lost 12.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 8.5% in the last three months.​

In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "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 also "hold"

Wall Street's median 12-month price target for Magnolia Oil & Gas Corp is $26.00

This summary was machine generated from LSEG data May 1 at 05:15 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.54
0.54
Met
Dec. 31 2024
0.45
0.50
Beat
Sep. 30 2024
0.48
0.53
Beat
Jun. 30 2024
0.53
0.56
Beat