Magnolia Oil & Gas Corporation Announces Third Quarter 2018 Results and Delivers on Business Model Objectives

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Go back to Magnolia Oil & Gas Corporation Announces Third Quarter 2018 Results and Delivers on Business Model Objectives

Magnolia Oil & Gas Corporation (MGY) Misses Q3 EPS by 22c, Revenues Miss

November 13, 2018 6:34 AM EST

Magnolia Oil & Gas Corporation (NYSE: MGY) reported Q3 EPS of $0.21, $0.22 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $178.56 million versus the consensus estimate of $251.89 million.

"The South Texas oil and gas properties that we acquired from EnerVest performed exceptionally well during Magnolias first period of ownership, providing better than expected results across both the Karnes County and Giddings... More