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

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

November 13, 2018 6:30 AM EST

HOUSTON--(BUSINESS WIRE)-- Magnolia Oil & Gas Corporation (Magnolia or the Company) (NYSE: MGY) today announced its financial and operational results for the third quarter of 2018. The Company reported net income attributable to Class A Common Stock of $6.7 million in the two-month Successor Period ended September 30, 2018, and $46.7 million in the July 2018 Predecessor Period. Net income attributable to Class A Common Stock adjusted for transaction related items of $26.6 million after tax in the Successor Period was $33.3 million.

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