Magnolia Oil & Gas (MGY) Set to Release Quarterly Earnings on Wednesday

Magnolia Oil & Gas (NYSE:MGY) is anticipated to post its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect Magnolia Oil & Gas to post earnings of $0.58 per share and revenue of $474.39 million for the quarter. Individuals can check the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, November 5, 2026 at 11:00 AM ET.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. The company had revenue of $478.81 million for the quarter, compared to analysts’ expectations of $458.10 million. During the same quarter last year, the business posted $0.41 EPS. The business’s quarterly revenue was up 50.1% compared to the same quarter last year. On average, analysts expect Magnolia Oil & Gas to post $2.83 EPS for the current fiscal year and $2.82 EPS for the next fiscal year.

Magnolia Oil & Gas Trading Down 0.3%

Shares of NYSE:MGY opened at $26.38 on Wednesday. The firm has a fifty day moving average of $25.79 and a 200 day moving average of $26.94. Magnolia Oil & Gas has a 52-week low of $21.07 and a 52-week high of $32.76.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MGY shares. Susquehanna boosted their price objective on shares of Magnolia Oil & Gas from $36.00 to $37.00 and gave the stock a “positive” rating in a report on Tuesday, August 11th. Citigroup reduced their target price on shares of Magnolia Oil & Gas from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Williams Trading set a $32.00 target price on shares of Magnolia Oil & Gas in a research report on Wednesday, September 23rd. Johnson Rice raised shares of Magnolia Oil & Gas from a “hold” rating to an “accumulate” rating and lowered their price target for the stock from $33.00 to $32.00 in a research note on Monday, August 17th. Finally, Mizuho upgraded shares of Magnolia Oil & Gas to a “strong-buy” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.53.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, Director David Khani bought 8,000 shares of Magnolia Oil & Gas stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of $25.00 per share, with a total value of $200,000.00. Following the completion of the purchase, the director owned 30,622 shares of the company’s stock, valued at approximately $765,550. This represents a 35.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.92% of the company’s stock.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation (NYSE: MGY) is an independent oil and natural gas exploration and production company focused on developing assets in South Texas. Its operations are concentrated in the Eagle Ford Shale and Austin Chalk formations, where it owns and operates a substantial acreage position.

The company produces crude oil, condensate, natural gas liquids and natural gas. Magnolia uses horizontal drilling and hydraulic fracturing technologies to develop unconventional reserves, with activity primarily centered in the Karnes and Giddings areas of South Texas.

Magnolia Oil & Gas was formed in 2017 through a business combination involving Silver Run Acquisition Corporation II and certain oil and gas assets previously associated with TGP Investments.