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

Magnolia Oil & Gas (NYSE:MGY) is projected to release its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect Magnolia Oil & Gas to announce earnings of $0.9210 per share and revenue of $456.6660 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, August 6, 2026 at 11:00 AM ET.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $358.51 million for the quarter, compared to analysts’ expectations of $349.89 million. During the same period in the previous year, the firm posted $0.54 EPS. Magnolia Oil & Gas’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 $2 EPS for the next fiscal year.

Magnolia Oil & Gas Price Performance

NYSE:MGY opened at $23.46 on Wednesday. Magnolia Oil & Gas has a 12 month low of $21.07 and a 12 month high of $32.76. The stock has a 50 day moving average of $26.77 and a two-hundred day moving average of $27.49. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The firm has a market cap of $4.34 billion, a P/E ratio of 13.64 and a beta of 0.70.

Magnolia Oil & Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, May 12th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 38.37%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MGY shares. Weiss Ratings lowered Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Roth Capital reduced their price objective on Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. KeyCorp reissued an “overweight” rating on shares of Magnolia Oil & Gas in a research note on Monday, June 29th. Wells Fargo & Company dropped their price target on Magnolia Oil & Gas from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 13th. Finally, UBS Group cut their price target on Magnolia Oil & Gas from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 10th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Institutional Trading of Magnolia Oil & Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cresset Asset Management LLC purchased a new stake in shares of Magnolia Oil & Gas during the 3rd quarter worth $215,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Magnolia Oil & Gas during the fourth quarter worth $206,000. State of Wyoming purchased a new position in Magnolia Oil & Gas in the fourth quarter valued at $190,000. Virtus Investment Advisers LLC purchased a new position in Magnolia Oil & Gas in the fourth quarter valued at $163,000. Finally, Quarry LP raised its stake in Magnolia Oil & Gas by 3,728.7% in the fourth quarter. Quarry LP now owns 5,475 shares of the company’s stock valued at $120,000 after buying an additional 5,332 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About Magnolia Oil & Gas

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).