# Magnolia Oil & Gas (MGY) — Earnings

MGY · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/mgy/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.97 |
| EPS estimate | $0.93 |
| EPS surprise | +4.64% |
| Revenue surprise | +4.52% |
| Revenue | $478.8M |
| Revenue estimate | $458.1M |
| Reported | Aug 5, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1698990/000169899026000019/mgy-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/f7d3b5ed-8c50-7072-133b-f984e4deab7a.html) |

Magnolia Oil & Gas reported Q2 2026 results on August 5, 2026. Earnings per share were $0.97, beating the $0.93 estimate by 4.64%. Revenue was $478.8 million, 4.52% above the $458.1 million estimate. Compared with Q2 2025, EPS more than doubled from $0.41 and revenue rose about 50% from $319.0 million. It was the second straight quarterly gain, after EPS hit a low of $0.37 in Q4 2025.

The longer record shows a peak and a slow decline before this rebound. Full-year EPS was $4.40 in 2022, then $2.04 in 2023, $1.95 in 2024 and $1.71 in 2025. The highs in the table are Q2 2022, at $1.32 per share and $484.6 million in revenue, and Q2 2026 revenue came close to that level. First-half 2026 EPS totals $1.51, about 61% above the $0.94 of the first half of 2025. Magnolia was profitable in every quarter in the table and beat the EPS estimate in 15 of the last 20.

Magnolia reported Q3 between October 29 and November 1 in each of the past five years. That points to late October or early November 2026 for the next report, which will show whether revenue holds near the Q2 level.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 5, 2026 | $0.93 | $0.97 | 4.64% | $458.1M | $478.8M |
| Q1 2026 | May 6, 2026 | $0.52 | $0.54 | 3.45% | $349.9M | $358.5M |
| Q4 2025 | Feb 5, 2026 | $0.36 | $0.37 | 2.35% | $313.6M | $317.6M |
| Q3 2025 | Oct 29, 2025 | $0.42 | $0.40 | -4.15% | $322.9M | $324.9M |
| Q2 2025 | Jul 30, 2025 | $0.40 | $0.41 | 1.54% | $313.5M | $319.0M |
| Q1 2025 | Apr 30, 2025 | $0.53 | $0.53 | -0.02% | $343.4M | $350.3M |
| Q4 2024 | Feb 18, 2025 | $0.46 | $0.47 | 3.52% | $326.1M | $326.6M |
| Q3 2024 | Oct 30, 2024 | $0.48 | $0.49 | 3.04% | $327.7M | $333.1M |
| Q2 2024 | Jul 31, 2024 | $0.52 | $0.51 | -3.47% | $336.3M | $336.7M |
| Q1 2024 | May 7, 2024 | $0.47 | $0.48 | 2.38% | $307.9M | $319.4M |
| Q4 2023 | Feb 14, 2024 | $0.53 | $0.50 | -5.84% | $325.7M | $322.6M |
| Q3 2023 | Nov 1, 2023 | $0.54 | $0.54 | 0.75% | $318.3M | $315.7M |
| Q2 2023 | Aug 1, 2023 | $0.42 | $0.44 | 4.93% | $287.4M | $280.3M |
| Q1 2023 | May 3, 2023 | $0.54 | $0.56 | 4.04% | $322.1M | $308.4M |
| Q4 2022 | Feb 14, 2023 | $0.77 | $0.89 | 15.64% | $364.0M | $349.0M |
| Q3 2022 | Nov 1, 2022 | $1.13 | $1.29 | 14.15% | $440.9M | $483.0M |
| Q2 2022 | Aug 2, 2022 | $1.17 | $1.32 | 12.58% | $457.1M | $484.6M |
| Q1 2022 | May 9, 2022 | $0.93 | $0.90 | -2.90% | $364.8M | $377.8M |
| Q4 2021 | Feb 16, 2022 | $0.80 | $0.82 | 2.98% | $328.9M | $332.2M |
| Q3 2021 | Nov 1, 2021 | $0.61 | $0.67 | 9.35% | $278.3M | $283.6M |

## Frequently Asked Questions

### When did Magnolia Oil & Gas (MGY) last report earnings?

Magnolia Oil & Gas last reported on Aug 5, 2026, covering fiscal Q2 2026.

### Did MGY beat earnings estimates?

Yes. Magnolia Oil & Gas reported EPS of $0.97 for Q2 2026 against a $0.93 estimate — a 4.64% beat.

### How much revenue did MGY report last quarter?

Magnolia Oil & Gas reported $478.8M in revenue for Q2 2026, against a consensus estimate of $458.1M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).