Magnolia Oil & Gas Corporation (MGY) Income Statement
MGY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMGY revenue and net income
Where MGY's revenue goes
2025Each bar shows an amount and its share of revenue. MGY kept 24.8% of revenue as net income.
MGY profit margins
MGY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.3% | −8.2% | +19.4% | — |
| Gross profit | −10.0% | −21.3% | +36.6% | — |
| Operating income | −14.2% | −25.8% | — | — |
| Net income | −11.1% | −28.6% | — | — |
| EPS (diluted) | −15.9% | −26.4% | +144.3% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MGY quarterly EPS vs estimates
Magnolia Oil & Gas beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.53).
MGY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.32B | $1.23B | $1.69B | $1.08B | $541.3M | $942.2M | $1.04B | $403.2M | $110.9M |
| Cost of revenue | $699.2M | $635.2M | $524.6M | $439.4M | $335.6M | $412.5M | $631.9M | $108.5M | $157.2M | $44.8M |
| Gross profit | $612.7M | $680.7M | $702.4M | $1.26B | $742.8M | $128.8M | $310.3M | $931.2M | $246.0M | $66.2M |
| Research & development | — | — | — | — | — | — | — | $12.4M | $0 | — |
| Sales, general & admin | $97.0M | $88.7M | $82.5M | $72.4M | $75.3M | $68.9M | $69.4M | $97.6M | $980,828 | $12.2M |
| Total operating expenses | $173.5M | $168.7M | $167.9M | $181.3M | $140.2M | $2.05B | $182.4M | $657.7M | $1.1M | $37.3M |
| Operating income | $439.2M | $512.0M | $534.5M | $1.07B | $602.6M | −$1.93B | $127.5M | $273.5M | −$1.1M | $28.9M |
| Interest income | $21.6M | $14.4M | $33,000 | $23.0M | $33.0M | $26.0M | $27.5M | $29.1M | $8.4M | — |
| Interest expense | $21.6M | $14.4M | $33,000 | $23.4M | $31.0M | $28.7M | $28.4M | $29.9M | $8.5M | $6.7M |
| Income before taxes | $417.4M | $493.1M | $549.8M | $1.06B | $568.6M | −$1.95B | $99.8M | $225.4M | $2.8M | $22.1M |
| Income taxes | $80.1M | $95.8M | $107.2M | $6.6M | $8.9M | −$79.3M | $14.8M | $27.5M | $1.2M | $673,000 |
| Net income | $325.3M | $366.0M | $388.3M | $893.8M | $417.3M | −$1.21B | $50.2M | $93.8M | $1.7M | $21.5M |
| EBITDA | $876.8M | $922.0M | $874.6M | $1.32B | $796.6M | −$1.62B | $666.2M | $656.1M | $128.6M | $55.3M |
| EPS (diluted) | $1.74 | $2.07 | $1.99 | $4.37 | $2.43 | $0.02 | $0.31 | $1.11 | $0.03 | — |
| Gross margin | 46.7% | 51.7% | 57.2% | 74.1% | 68.9% | 23.8% | 32.9% | 89.6% | 61.0% | 59.6% |
| Operating margin | 33.5% | 38.9% | 43.6% | 63.4% | 55.9% | −355.7% | 13.5% | 26.3% | −0.3% | 26.0% |
| Net margin | 24.8% | 27.8% | 31.6% | 52.7% | 38.7% | −223.2% | 5.3% | 9.0% | 0.4% | 19.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $478.8M | $358.5M | $317.6M | $324.9M | $319.0M | $350.3M | $326.6M | $333.1M | $336.7M | $319.4M | $322.6M | $315.7M |
| Cost of revenue | $88.4M | $182.9M | $181.4M | $174.9M | $167.2M | $167.9M | $163.4M | $162.5M | $157.5M | $151.8M | $147.3M | $127.3M |
| Gross profit | $390.4M | $175.6M | $136.2M | $150.0M | $151.8M | $182.4M | $163.2M | $170.7M | $179.2M | $167.7M | $175.4M | $188.3M |
| Sales, general & admin | $29.2M | $31.4M | $25.0M | $24.2M | $23.3M | $24.6M | $21.2M | $21.6M | $23.2M | $23.6M | $19.2M | $19.4M |
| Total operating expenses | $150.9M | $47.8M | $42.1M | $48.6M | $44.0M | $46.6M | $39.1M | $41.7M | $44.8M | $43.1M | $37.3M | $40.2M |
| Operating income | $239.5M | $127.8M | $94.1M | $101.5M | $107.8M | $135.8M | $124.1M | $129.0M | $134.4M | $124.6M | $138.1M | $148.1M |
| Interest income | — | — | $5.4M | $5.4M | $5.6M | $5.3M | $4.7M | $3.9M | — | — | — | $1.0M |
| Interest expense | $6.7M | $6.0M | $5.4M | $5.4M | $5.6M | $5.3M | $4.7M | $3.9M | $3.5M | $2.3M | $405,000 | $1.0M |
| Income before taxes | $232.4M | $121.7M | $88.2M | $95.4M | $102.0M | $131.8M | $110.9M | $132.4M | $131.9M | $117.9M | $145.4M | $148.7M |
| Income taxes | $50.6M | $20.9M | $16.8M | $17.2M | $20.9M | $25.1M | $22.2M | $26.5M | $26.8M | $20.3M | $31.5M | $31.2M |
| Net income | $181.8M | $99.8M | $68.8M | $75.5M | $78.1M | $102.9M | $85.6M | $99.8M | $95.6M | $85.1M | $98.4M | $102.0M |
| EBITDA | $356.4M | $242.9M | $207.8M | $211.4M | $214.7M | $242.9M | $220.9M | $243.6M | $240.1M | $217.3M | $235.1M | $229.8M |
| EPS (diluted) | $0.99 | $0.54 | $0.38 | $0.42 | $0.42 | $0.52 | $0.48 | $0.53 | $0.51 | $0.55 | $0.45 | $0.54 |
| Gross margin | 81.5% | 49.0% | 42.9% | 46.2% | 47.6% | 52.1% | 50.0% | 51.2% | 53.2% | 52.5% | 54.4% | 59.7% |
| Operating margin | 50.0% | 35.6% | 29.6% | 31.2% | 33.8% | 38.8% | 38.0% | 38.7% | 39.9% | 39.0% | 42.8% | 46.9% |
| Net margin | 38.0% | 27.8% | 21.6% | 23.2% | 24.5% | 29.4% | 26.2% | 30.0% | 28.4% | 26.6% | 30.5% | 32.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MGY's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MGY financial results
In fiscal year 2025 (ended December 31, 2025), Magnolia Oil & Gas reported revenue of $1.3 billion, down 0.3% from the year before. It had net income of $325.3 million (down 11.1%), a net profit margin of 24.8%. Diluted earnings per share came to $1.74. Over five years revenue grew at an average rate of 19.4% a year.
See the MGY stock overview for the latest quote and news, or the MGY chart for price history and technical indicators.
MGY income statement FAQ
What is Magnolia Oil & Gas's annual revenue?
Magnolia Oil & Gas reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 0.3% from $1.3 billion the previous year.
Is Magnolia Oil & Gas profitable?
Yes. Magnolia Oil & Gas reported net income of $325.3 million in fiscal 2025, a net profit margin of 24.8%; its operating margin was 33.5%.
What is Magnolia Oil & Gas's gross margin?
Magnolia Oil & Gas's gross margin was 46.7% in fiscal 2025: for every $100 of revenue, Magnolia Oil & Gas kept $47 after the direct cost of its products and services.
How fast is Magnolia Oil & Gas growing?
Revenue grew 19.4% a year on average over the last five fiscal years, from $541.3 million to $1.3 billion.
What are Magnolia Oil & Gas's earnings per share?
Magnolia Oil & Gas earned $1.74 per diluted share in fiscal 2025, compared with $2.07 a year earlier.
When will Magnolia Oil & Gas report its next earnings?
Magnolia Oil & Gas is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Magnolia Oil & Gas's fiscal year end?
Magnolia Oil & Gas's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.