Magnolia Oil & Gas Corp
NYSE:MGY
Income Statement
Earnings Waterfall
Magnolia Oil & Gas Corp
Revenue
|
1.2B
USD
|
Cost of Revenue
|
-199.8m
USD
|
Gross Profit
|
1B
USD
|
Operating Expenses
|
-472.2m
USD
|
Operating Income
|
554.9m
USD
|
Other Expenses
|
-166.6m
USD
|
Net Income
|
388.3m
USD
|
Income Statement
Magnolia Oil & Gas Corp
Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||
Revenue |
212
N/A
|
584
+176%
|
752
+29%
|
882
+17%
|
1 101
+25%
|
972
-12%
|
961
-1%
|
942
-2%
|
905
-4%
|
745
-18%
|
621
-17%
|
541
-13%
|
569
+5%
|
738
+30%
|
902
+22%
|
1 078
+20%
|
1 251
+16%
|
1 484
+19%
|
1 682
+13%
|
1 695
+1%
|
1 625
-4%
|
1 421
-13%
|
1 253
-12%
|
1 227
-2%
|
|
Gross Profit | |||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
(35)
|
(82)
|
(82)
|
(114)
|
(125)
|
(135)
|
(136)
|
(129)
|
(120)
|
(115)
|
(112)
|
(119)
|
(130)
|
(139)
|
(158)
|
(175)
|
(193)
|
(196)
|
(207)
|
(205)
|
(197)
|
(200)
|
|
Gross Profit |
0
N/A
|
0
N/A
|
345
N/A
|
801
+132%
|
647
-19%
|
857
+33%
|
836
-3%
|
807
-3%
|
769
-5%
|
616
-20%
|
501
-19%
|
427
-15%
|
457
+7%
|
619
+35%
|
773
+25%
|
940
+22%
|
1 094
+16%
|
1 310
+20%
|
1 489
+14%
|
1 498
+1%
|
1 418
-5%
|
1 216
-14%
|
1 056
-13%
|
1 027
-3%
|
|
Operating Income | |||||||||||||||||||||||||
Operating Expenses |
(114)
|
(288)
|
(354)
|
(424)
|
(606)
|
(598)
|
(655)
|
(680)
|
(1 258)
|
(1 174)
|
(1 065)
|
(971)
|
(318)
|
(316)
|
(322)
|
(331)
|
(348)
|
(367)
|
(399)
|
(422)
|
(435)
|
(446)
|
(455)
|
(472)
|
|
Selling, General & Administrative |
(23)
|
(51)
|
(64)
|
(88)
|
(115)
|
(119)
|
(126)
|
(123)
|
(121)
|
(110)
|
(103)
|
(100)
|
(103)
|
(112)
|
(118)
|
(125)
|
(131)
|
(141)
|
(151)
|
(164)
|
(165)
|
(159)
|
(152)
|
(138)
|
|
Research & Development |
0
|
0
|
(12)
|
(12)
|
(15)
|
(18)
|
(11)
|
(13)
|
(567)
|
(570)
|
(566)
|
(567)
|
(13)
|
(7)
|
(6)
|
(4)
|
(8)
|
(11)
|
(12)
|
(12)
|
(6)
|
(3)
|
(7)
|
(5)
|
|
Depreciation & Amortization |
0
|
0
|
(132)
|
(322)
|
(328)
|
(457)
|
(513)
|
(538)
|
(565)
|
(490)
|
(391)
|
(298)
|
(197)
|
(193)
|
(192)
|
(197)
|
(205)
|
(212)
|
(233)
|
(243)
|
(261)
|
(281)
|
(293)
|
(325)
|
|
Other Operating Expenses |
(91)
|
(237)
|
(146)
|
(2)
|
(149)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
|
Operating Income |
98
N/A
|
296
+203%
|
364
+23%
|
376
+3%
|
414
+10%
|
259
-37%
|
181
-30%
|
128
-29%
|
(489)
N/A
|
(559)
-14%
|
(564)
-1%
|
(544)
+4%
|
139
N/A
|
303
+118%
|
450
+49%
|
609
+35%
|
746
+22%
|
942
+26%
|
1 090
+16%
|
1 077
-1%
|
983
-9%
|
770
-22%
|
601
-22%
|
555
-8%
|
|
Pre-Tax Income | |||||||||||||||||||||||||
Interest Income Expense |
(8)
|
(32)
|
(31)
|
(29)
|
(38)
|
(22)
|
(28)
|
(28)
|
(27)
|
(26)
|
(28)
|
(26)
|
(27)
|
(31)
|
(30)
|
(33)
|
(34)
|
(32)
|
(29)
|
(23)
|
(14)
|
(8)
|
(1)
|
(0)
|
|
Non-Reccuring Items |
0
|
0
|
(22)
|
(25)
|
(25)
|
(25)
|
(3)
|
(0)
|
(1 381)
|
(1 381)
|
(1 381)
|
(1 381)
|
0
|
(10)
|
(8)
|
(8)
|
(9)
|
(5)
|
(12)
|
(3)
|
(18)
|
(12)
|
(7)
|
(20)
|
|
Total Other Income |
0
|
0
|
(7)
|
(8)
|
(8)
|
(8)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
3
|
4
|
4
|
4
|
0
|
0
|
7
|
7
|
7
|
5
|
8
|
8
|
15
|
|
Pre-Tax Income |
89
N/A
|
264
+195%
|
303
+15%
|
314
+4%
|
342
+9%
|
204
-40%
|
149
-27%
|
100
-33%
|
(1 898)
N/A
|
(1 967)
-4%
|
(1 974)
0%
|
(1 948)
+1%
|
115
N/A
|
266
+132%
|
416
+56%
|
569
+37%
|
703
+24%
|
913
+30%
|
1 055
+16%
|
1 057
+0%
|
957
-9%
|
758
-21%
|
601
-21%
|
550
-8%
|
|
Net Income | |||||||||||||||||||||||||
Tax Provision |
(1)
|
(2)
|
(6)
|
(13)
|
(17)
|
(21)
|
(20)
|
(15)
|
65
|
73
|
77
|
79
|
3
|
(3)
|
(6)
|
(9)
|
(27)
|
(52)
|
(68)
|
(7)
|
(8)
|
(5)
|
(17)
|
(107)
|
|
Income from Continuing Operations |
88
|
261
|
297
|
301
|
325
|
182
|
128
|
85
|
(1 833)
|
(1 894)
|
(1 897)
|
(1 869)
|
118
|
263
|
410
|
560
|
677
|
861
|
988
|
1 050
|
948
|
753
|
584
|
443
|
|
Income to Minority Interest |
0
|
0
|
(19)
|
(43)
|
(53)
|
(66)
|
(54)
|
(35)
|
643
|
667
|
669
|
661
|
(36)
|
(79)
|
(115)
|
(142)
|
(157)
|
(174)
|
(175)
|
(156)
|
(124)
|
(88)
|
(62)
|
(54)
|
|
Net Income (Common) |
88
N/A
|
261
+196%
|
278
+6%
|
258
-7%
|
272
+5%
|
117
-57%
|
72
-39%
|
47
-34%
|
(1 193)
N/A
|
(1 229)
-3%
|
(1 228)
+0%
|
(1 208)
+2%
|
82
N/A
|
184
+126%
|
295
+60%
|
417
+42%
|
520
+25%
|
686
+32%
|
812
+18%
|
894
+10%
|
824
-8%
|
665
-19%
|
522
-22%
|
388
-26%
|
|
EPS (Diluted) |
1.08
N/A
|
1.11
+3%
|
1.76
+59%
|
1.63
-7%
|
1.73
+6%
|
0.74
-57%
|
0.42
-43%
|
0.28
-33%
|
-7.13
N/A
|
-7.36
-3%
|
-7.19
+2%
|
-7.27
-1%
|
0.48
N/A
|
1.04
+117%
|
1.67
+61%
|
2.38
+43%
|
2.83
+19%
|
3.63
+28%
|
4.29
+18%
|
4.76
+11%
|
4.28
-10%
|
3.5
-18%
|
2.78
-21%
|
2.06
-26%
|