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Magnolia Oil & Gas ( (MGY) ) has issued an update.
On February 18, 2025, Magnolia Oil & Gas Corporation announced its financial and operational results for the fourth quarter and full year 2024. The company’s net income for 2024 decreased compared to the previous year, but it achieved significant production growth and added substantial reserves. Magnolia’s disciplined capital program and low reinvestment rate delivered strong free cash flow, enabling it to return a high percentage of this cash to shareholders through dividends and share repurchases. The Board of Directors also increased the quarterly dividend by 15% and authorized additional share repurchases, reflecting confidence in the company’s financial health and operational strategy.
More about Magnolia Oil & Gas
Magnolia Oil & Gas Corporation operates in the energy sector, focusing on oil and gas exploration and production. The company’s primary products include crude oil and natural gas, and it is committed to maintaining strong operational performance and sustainable growth in production and reserves.
YTD Price Performance: 1.17%
Average Trading Volume: 1,846,737
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.62B
Learn more about MGY stock on TipRanks’ Stock Analysis page.
