Magnolia Oil & Gas Corporation (MGY) Balance Sheet
MGY balance sheet, 2025
December 31, 2025 · U.S. dollars$2.90B assets = $903.9M liabilities + $2.00B equity
Both columns are drawn to the same scale: what MGY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MGY financial health
Descriptive bands, not a rating. Fiscal 2025.
MGY balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $651.9M2016 | $2.90B2025 | +18.1%/yr | |
| Total liabilities | $24.1M2016 | $903.9M2025 | +49.6%/yr | |
| Shareholders’ equity | $627.8M2016 | $1.94B2025 | +13.4%/yr | |
| Cash & short-term investments | $1.8M2016 | $266.8M2025 | +74.5%/yr | |
| Total debt | $02017 | $419.6M2025 | — | |
| Net cash (debt) | $851,4662017 | −$152.8M2025 | −$153.6M | |
| Working capital | $535,5242016 | $154.4M2025 | +$153.9M | |
| Book value per share | $8.372016 | $10.452025 | +2.5%/yr | |
| Current ratio | 1.392016 | 1.542025 | +0.14 | |
| Debt / equity | 0.002017 | 0.222025 | +0.22 | |
| Shares outstanding | 75.0M2016 | 185.6M2025 | +10.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MGY assets
MGY liabilities and equity
MGY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MGY balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $266.8M | $260.0M | $401.1M | $675.4M | $367.0M | $192.6M | $182.6M | $135.8M | $851,466 | $1.8M |
| Cash & equivalents | $266.8M | $260.0M | $401.1M | $675.4M | $367.0M | $192.6M | $182.6M | $135.8M | $851,466 | $1.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | — |
| Receivables | $174.8M | $147.9M | $189.7M | $170.8M | $149.8M | $81.6M | $105.8M | $140.3M | $114.2M | $0 |
| Inventory | $0 | $0 | $0 | −$170.8M | −$149.8M | −$81.6M | −$105.8M | $12.3M | −$114.2M | $0 |
| Other current assets | $877,000 | $2.9M | $447,000 | $175.3M | $151.8M | $89.0M | $110.6M | $4.1M | $113.7M | $127,000 |
| Total current assets | $442.4M | $410.8M | $591.3M | $850.7M | $518.8M | $281.5M | $293.2M | $292.4M | $114.5M | $1.9M |
| Property, plant & equipment (net) | $2.45B | $2.32B | $2.07B | $1.53B | $1.22B | $1.15B | $3.12B | $3.07B | $1.57B | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $9.3M | $23.9M | $38.4M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $19.7M | $18.9M | $652.8M | $650.0M |
| Other non-current assets | $10.6M | $86.9M | $97.4M | $188.8M | $11.9M | $13.0M | $12.8M | $10.7M | $0 | $0 |
| Total assets | $2.90B | $2.82B | $2.76B | $2.57B | $1.75B | $1.45B | $3.47B | $3.43B | $1.69B | $651.9M |
| Liabilities | ||||||||||
| Accounts payable | $177.6M | $181.1M | $193.2M | $202.8M | $127.9M | $62.6M | $79.4M | $196.4M | $74.5M | — |
| Short-term debt | $18.2M | $12.2M | $9.6M | $4.0M | $4.0M | $1.8M | $2.5M | $0 | $0 | — |
| Deferred revenue | — | — | — | −$4.0M | −$4.0M | −$1.8M | −$2.5M | — | — | — |
| Total current liabilities | $288.0M | $290.3M | $314.9M | $340.3M | $218.5M | $128.9M | $175.2M | $197.4M | $81.3M | $1.4M |
| Long-term debt | $393.3M | $392.5M | $392.8M | $390.4M | $388.1M | $391.1M | $389.8M | $388.6M | $0 | $0 |
| Lease obligations | $18.2M | $12.2M | — | — | — | — | — | — | — | — |
| Other long-term liabilities | $222.6M | $170.7M | $165.8M | $101.7M | $94.9M | $93.9M | $172.8M | $139.6M | $9.8M | $22.8M |
| Total liabilities | $903.9M | $853.5M | $873.5M | $832.4M | $701.5M | $614.0M | $737.9M | $725.6M | $91.1M | $24.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $24,000 | $24,000 | $23,000 | $23,000 | $24,000 | $26,000 | $26,000 | $25,000 | $624.4M | $622.8M |
| Retained earnings (deficit) | $966.7M | $754.6M | $486.2M | $185.7M | −$708.2M | −$1.13B | $82.9M | $35.5M | $1.5M | −$64,915 |
| Treasury stock | — | — | — | — | −$164.6M | −$39.0M | −$10.3M | — | $0 | — |
| Accumulated other comprehensive income | −$1.6M | — | $0 | $0 | $0 | $0 | $0 | −$177.9M | $1.60B | — |
| Minority interest | $59.2M | $53.7M | $191.0M | $164.1M | $228.5M | $291.3M | $952.5M | $1.03B | $0 | — |
| Total shareholders' equity | $1.94B | $1.91B | $1.69B | $1.74B | $1.05B | $839.4M | $2.73B | $1.68B | $1.60B | $627.8M |
| Key figures | ||||||||||
| Total debt | $419.6M | $410.3M | $409.5M | $394.4M | $392.1M | $392.9M | $392.4M | $388.6M | $0 | — |
| Net cash (debt) | −$152.8M | −$150.3M | −$8.4M | $281.1M | −$25.1M | −$200.4M | −$209.8M | −$252.9M | $851,466 | — |
| Working capital | $154.4M | $120.6M | $276.4M | $510.5M | $300.2M | $152.6M | $118.0M | $95.0M | $33.2M | $535,524 |
| Tangible book value | $1.94B | $1.91B | $1.69B | $1.74B | $1.05B | $830.1M | $2.70B | $1.64B | $1.60B | $627.8M |
| Book value per share | $10.45 | $10.26 | $8.98 | $9.26 | $5.96 | $5.05 | $16.33 | $10.57 | $19.67 | $8.37 |
| Shares outstanding | 185.6M | 186.5M | 188.4M | 187.9M | 175.4M | 166.3M | 167.0M | 158.6M | 81.2M | 75.0M |
| Current ratio | 1.54 | 1.42 | 1.88 | 2.50 | 2.37 | 2.18 | 1.67 | 1.48 | 1.41 | 1.39 |
| Quick ratio | 1.53 | 1.41 | 1.88 | 2.49 | 2.36 | 2.13 | 1.65 | 1.40 | 1.42 | 1.30 |
| Debt / equity | 0.22 | 0.21 | 0.24 | 0.23 | 0.38 | 0.47 | 0.14 | 0.23 | 0.00 | — |
| Equity / assets | 66.8% | 67.8% | 61.4% | 67.6% | 59.8% | 57.8% | 78.7% | 48.8% | 94.6% | 96.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $295.9M | $124.4M | $266.8M | $280.5M | $251.8M | $247.6M | $260.0M | $276.1M | $275.7M | $399.3M | $401.1M | $618.5M |
| Cash & equivalents | $295.9M | $124.4M | $266.8M | $280.5M | $251.8M | $247.6M | $260.0M | $276.1M | $275.7M | $399.3M | $401.1M | $618.5M |
| Receivables | $189.2M | $194.2M | $174.8M | $187.5M | $160.3M | $157.9M | $147.9M | $136.2M | $175.4M | $196.0M | $189.7M | $186.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.3M | −$178.2M | −$198.2M | $0 | −$187.3M |
| Other current assets | $0 | $1.1M | $877,000 | $1.5M | $4.6M | $1.5M | $2.9M | $4.1M | $180.9M | $200.4M | $447,000 | $187.8M |
| Total current assets | $295.9M | $319.7M | $442.4M | $469.5M | $416.7M | $407.0M | $410.8M | $415.2M | $453.9M | $597.5M | $591.3M | $805.7M |
| Property, plant & equipment (net) | $2.60B | $2.59B | $2.45B | $2.41B | $2.36B | $2.36B | $2.32B | $2.27B | $2.26B | $2.09B | $2.07B | $1.68B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $245.5M | $38.3M | $10.6M | $39.1M | $88.4M | $105.5M | $86.9M | $122.1M | $128.2M | $116.5M | $97.4M | $164.3M |
| Total assets | $3.14B | $2.94B | $2.90B | $2.92B | $2.86B | $2.87B | $2.82B | $2.81B | $2.84B | $2.81B | $2.76B | $2.65B |
| Liabilities | ||||||||||||
| Accounts payable | $173.1M | $156.5M | $177.6M | $181.2M | $165.5M | $172.4M | $181.1M | $164.3M | $226.9M | $219.6M | $193.2M | $183.3M |
| Short-term debt | — | $19.5M | $18.2M | $18.5M | $18.7M | $18.8M | $12.2M | $0 | — | — | $9.6M | $0 |
| Total current liabilities | $308.6M | $290.5M | $288.0M | $318.9M | $288.6M | $305.1M | $290.3M | $281.5M | $355.0M | $350.0M | $314.9M | $303.7M |
| Long-term debt | $393.6M | $393.4M | $393.3M | $393.1M | $392.9M | $392.7M | $392.5M | $394.8M | $394.1M | $393.5M | $392.8M | $392.2M |
| Lease obligations | $19.5M | $19.5M | $18.2M | $18.5M | $18.7M | $18.8M | $12.2M | — | — | — | — | — |
| Other long-term liabilities | $291.5M | $224.6M | $222.6M | $205.2M | $180.8M | $181.5M | $170.7M | $174.1M | $175.4M | $166.7M | $165.8M | $109.4M |
| Total liabilities | $993.7M | $908.6M | $903.9M | $917.2M | $862.3M | $879.3M | $853.5M | $850.4M | $924.5M | $910.2M | $873.5M | $805.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $23,000 | $23,000 |
| Retained earnings (deficit) | $1.19B | $1.04B | $966.7M | $925.7M | $878.4M | $828.6M | $754.6M | $694.1M | $619.0M | $547.3M | $486.2M | $409.2M |
| Accumulated other comprehensive income | −$1.6M | −$1.6M | −$1.6M | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Minority interest | $0 | $0 | $59.2M | $58.2M | $56.8M | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.15B | $2.04B | $1.94B | $1.95B | $1.94B | $1.93B | $1.91B | $1.91B | $1.82B | $1.70B | $1.69B | $1.66B |
| Key figures | ||||||||||||
| Total debt | $393.6M | $412.9M | $419.6M | $411.5M | $411.6M | $411.5M | $410.3M | $394.8M | $394.1M | $393.5M | $409.5M | $392.2M |
| Net cash (debt) | −$97.7M | −$288.5M | −$152.8M | −$131.1M | −$159.9M | −$163.9M | −$150.3M | −$118.7M | −$118.4M | $5.8M | −$8.4M | $226.3M |
| Working capital | −$12.6M | $29.1M | $154.4M | $150.6M | $128.1M | $101.9M | $120.6M | $133.7M | $98.9M | $247.5M | $276.4M | $502.0M |
| Tangible book value | $2.15B | $2.04B | $1.94B | $1.95B | $1.94B | $1.93B | $1.91B | $1.91B | $1.82B | $1.70B | $1.69B | $1.66B |
| Book value per share | $11.63 | $11.11 | $10.63 | $10.55 | $10.41 | $10.25 | $10.04 | $10.16 | $9.83 | $9.33 | $9.01 | $8.89 |
| Shares outstanding | 184.6M | 183.3M | 182.5M | 184.7M | 186.5M | 188.7M | 190.6M | 187.9M | 185.0M | 182.4M | 187.8M | 187.3M |
| Current ratio | 0.96 | 1.10 | 1.54 | 1.47 | 1.44 | 1.33 | 1.42 | 1.47 | 1.28 | 1.71 | 1.88 | 2.65 |
| Quick ratio | 1.57 | 1.10 | 1.53 | 1.47 | 1.43 | 1.33 | 1.41 | 1.46 | 1.27 | 1.70 | 1.88 | 2.65 |
| Debt / equity | 0.18 | 0.20 | 0.22 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.23 | 0.24 | 0.24 |
| Equity / assets | 68.4% | 69.1% | 66.8% | 66.6% | 67.9% | 67.4% | 67.8% | 67.9% | 64.0% | 60.6% | 61.4% | 62.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
MGY financial position
At the end of fiscal 2025 (December 31, 2025), Magnolia Oil & Gas had total assets of $2.9 billion (up 2.9% from a year earlier), total liabilities of $903.9 million and shareholders' equity of $1.9 billion. It held $266.8 million in cash and short-term investments against $419.6 million of debt, net debt of $152.8 million. Its current ratio was 1.54. In the latest quarter (ended June 30, 2026) total assets were $3.1 billion and equity $2.1 billion.
Related: MGY income statement, MGY cash flow statement, MGY key metrics. See the MGY stock overview for the latest quote and news.
MGY balance sheet FAQ
What are Magnolia Oil & Gas's total assets?
Magnolia Oil & Gas reported total assets of $2.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.8 billion a year earlier.
How much debt does Magnolia Oil & Gas have?
Magnolia Oil & Gas had $419.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.22.
How much cash does Magnolia Oil & Gas have?
Magnolia Oil & Gas held $266.8 million in cash and short-term investments at the end of fiscal 2025; with $419.6 million of debt that is net debt of $152.8 million.
What is Magnolia Oil & Gas's book value?
Magnolia Oil & Gas's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2025, or $10.45 per share.
What is Magnolia Oil & Gas's current ratio?
Magnolia Oil & Gas had current assets of $442.4 million and current liabilities of $288.0 million, a current ratio of 1.54 (it can cover its short-term obligations).