Magnolia Oil & Gas Corp announced an interim financial and operational update following the closing of its acquisition of WildFire Energy. The company sold non-core assets for $47.5 million plus 616 net acres in Gonzales County, ending Q3 2026 with approximately $1.9 billion in net debt, below 1.0x leverage. Management expects to realize over one-third of more than $100 million in annual synergies by year-end 2026. Q4 2026 production is guided at 159-161 Mboe/d with D&C capital spending around $235 million, while 2027 production growth is estimated at 4-5 percent. The company also implemented additional oil hedges via costless collars and purchased approximately 2.3 million shares in Q3. Magnolia Oil & Gas Corp operates as an independent exploration and production company focused on the Eagle Ford and Austin Chalk formations in South Texas.
