Magnolia Oil & Gas Corporation (MGY) Misses Q2 EPS by 2c ; Provides Outlook

Magnolia Oil & Gas Corporation (NYSE: MGY) reported Q2 EPS of $0.51, $0.02 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $336.73 million versus the consensus estimate of $336.91 million.

Additional Guidance

We are reiterating the Company’s full-year 2024 capital spending and production guidance, with D&C capital expected to be in the range of $450 to $480 million.

For earnings history and earnings-related data on Magnolia Oil & Gas Corporation (MGY) click here.

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