Magnolia Oil & Gas

MGY

Market cap $4.93B

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2026 Results.

MGY is reportedly leading the race to acquire WildFire in a $4B-plus deal, marking a major shift in its growth strategy.

Magnolia Oil & Gas Corp (MGY) reported earnings 30 days ago. What's next for the stock?

Energy sector M&A is hot again. With West Texas Intermediate (WTI) crude recently trading at $94.77 per barrel and the EIA's May 2026 Short-Term Energy Outlook projecting continued growth in Permian output, larger operators are hunting for accretive bolt-ons, scarcity acreage, and discounted offshore portfolios.

Magnolia Oil & Gas Corp (MGY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Does Magnolia Oil & Gas Corp (MGY) have what it takes to be a top stock pick for momentum investors? Let's find out.

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Here is how Magnolia Oil & Gas Corp (MGY) and Talos Energy (TALO) have performed compared to their sector so far this year.

MGY expects production of approximately 105 Mboe/d and Drilling and Completion (D&C) capital spending of $120-$125 million for second-quarter 2026.

Magnolia Oil & Gas NYSE: MGY reported a stronger start to 2026, with management highlighting year-over-year production growth, steady free cash flow generation and a busy quarter of bolt-on acquisitions across its South Texas operating areas.