Magnolia Oil & Gas (MGY) Expected to Release Earnings on Wednesday

Magnolia Oil & Gas (NYSE:MGY) is anticipated to announce its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect Magnolia Oil & Gas to announce earnings of $0.9270 per share and revenue of $458.0960 million for the quarter. Individuals can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 11:00 AM ET.

Magnolia Oil & Gas (NYSE:MGY) last issued its earnings results on Wednesday, May 6th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The firm had revenue of $358.51 million for the quarter, compared to the consensus estimate of $349.89 million. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts expect Magnolia Oil & Gas to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Magnolia Oil & Gas Trading Down 0.2%

Shares of MGY opened at $25.65 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.10. Magnolia Oil & Gas has a 52-week low of $21.07 and a 52-week high of $32.76. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 14.92 and a beta of 0.72. The business’s fifty day moving average is $26.52 and its 200-day moving average is $27.56.

Magnolia Oil & Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.8%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, August 10th. Magnolia Oil & Gas’s payout ratio is 38.37%.

Key Magnolia Oil & Gas News

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: Truist upgraded MGY to “Buy,” citing a favorable outlook for the company’s WildFire acquisition. The upgrade improves the stock’s analyst sentiment and suggests potential benefits from the transaction. Magnolia Oil & Gas raised to Buy at Truist on upbeat view of WildFire acquisition
• Positive Sentiment: Magnolia declared a quarterly dividend of $0.18 per share, payable September 1 to shareholders of record August 10. The payout is a 9.1% increase from $0.17 and represents an annualized yield of approximately 2.9%, enhancing shareholder returns. Magnolia Oil & Gas Board Declares Previously Announced 9 Percent Dividend Increase
• Neutral Sentiment: Zacks Research maintained a “Hold” rating while making mixed adjustments to its forecasts. It raised Q1 2028 EPS to $0.56 from $0.54 and FY2028 EPS to $2.23 from $2.19, but the estimates remain below or near the broader current-year consensus of $2.70 per share.
• Negative Sentiment: Zacks reduced several key earnings forecasts, including Q3 2026 EPS to $0.57 from $0.70, FY2026 EPS to $2.44 from $2.57, FY2027 EPS to $2.30 from $2.48, Q1 2027 EPS to $0.59 from $0.63, Q2 2027 EPS to $0.54 from $0.59, and Q4 2027 EPS to $0.58 from $0.63. These cuts indicate weaker expected profit growth and are a potential headwind for MGY’s valuation.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. KeyCorp reiterated an “overweight” rating on shares of Magnolia Oil & Gas in a research report on Monday, June 29th. Weiss Ratings downgraded shares of Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Roth Capital decreased their price target on shares of Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Truist Financial raised shares of Magnolia Oil & Gas from a “hold” rating to a “buy” rating and lifted their price target for the company from $32.00 to $33.00 in a report on Tuesday, July 28th. Finally, Mizuho lowered their price objective on shares of Magnolia Oil & Gas from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Institutional Trading of Magnolia Oil & Gas

Several institutional investors have recently modified their holdings of MGY. State Street Corp lifted its holdings in Magnolia Oil & Gas by 1.4% during the 4th quarter. State Street Corp now owns 8,800,807 shares of the company’s stock worth $192,650,000 after buying an additional 125,707 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Magnolia Oil & Gas by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,634,362 shares of the company’s stock valued at $145,230,000 after buying an additional 264,649 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Magnolia Oil & Gas by 2.2% in the third quarter. Wellington Management Group LLP now owns 5,225,168 shares of the company’s stock valued at $124,725,000 after buying an additional 113,458 shares during the period. Epoch Investment Partners Inc. increased its stake in shares of Magnolia Oil & Gas by 58.7% in the third quarter. Epoch Investment Partners Inc. now owns 4,138,626 shares of the company’s stock valued at $98,789,000 after buying an additional 1,531,061 shares during the period. Finally, Morgan Stanley raised its position in shares of Magnolia Oil & Gas by 0.7% during the fourth quarter. Morgan Stanley now owns 2,796,949 shares of the company’s stock worth $61,225,000 after acquiring an additional 18,316 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).