Magnolia Oil & Gas

MGY

Market cap $5.06B

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.

Magnolia Oil & Gas Corporation (MGY) Q1 2026 Earnings Call Transcript

The headline numbers for Magnolia Oil & Gas Corp (MGY) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Magnolia Oil & Gas Corp (MGY) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.55 per share a year ago.

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation Announces First Quarter 2026 Results.