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Magnolia Oil & Gas: Beat And Raise Meets Buyback And Dividend To Come

Steve Zachritz profile picture
Steve Zachritz


  • Magnolia beat Revenue, EBITDA, and EPS estimates on better than expected volumes and prices.
  • Management increased production guidance, bought back more shares than expected, reaffirmed the prior quarterly buyback thoughts, and again pointed to their initial dividend in 3Q21.
  • Estimates will rise in the wake of the quarter.
  • Magnolia is inexpensive in light of the strong balance sheet, their high margins, the "under-spend by design" approach to capital spending, the buyback, and the coming dividend.

Oil worker in orange uniform and helmet on of background the pump jack and blue sky.
Photo by anatoliy_gleb/iStock via Getty Images

This is a Z4 Research pre-call note after Magnolia Oil & Gas's (NYSE:MGY) 1Q21 earnings.

The 1Q21 Numbers:

The quarter was marked by better than expected production due to strong well results at

This article was written by

Steve Zachritz profile picture
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Analyst’s Disclosure: I am/we are long MGY. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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