Magnolia Oil & Gas Q2 FY26 net income more than doubles to $181.8 million; revenue rises 50% to $478.81 million

• Magnolia Oil & Gas posted Q2 2026 net income of $181.8 million, more than doubled from a year earlier; diluted EPS rose 137% to $0.97.
• Adjusted EBITDAX (non-GAAP) climbed 66% to $370.3 million; free cash flow (non-GAAP) more than doubled to $234.6 million.
• Revenue rose to $478.8 million; operating income as a percentage of revenue was 50%.
• Average daily production increased 8% to 106,089 boe/d; average oil output rose 5% to 41,855 bbls/d.
• Agreed to acquire WildFire Energy, funded about half with equity and half with debt; lifted standalone 2026 production growth guidance to 6% from 5%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnolia Oil & Gas Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260805476119) on August 05, 2026, and is solely responsible for the information contained therein.