Magnolia Oil & Gas reported third-quarter 2026 net income of $80.5 million, or $0.35 per diluted share, compared to $78.2 million in the prior-year period. Adjusted net income rose 114% year-over-year to $166.3 million, driven by higher oil prices and production growth following the acquisition of WildFire Energy. Total average daily production reached 117.3 thousand barrels of oil equivalent per day (Mboe/d), a 17% increase, with oil volumes growing 24% to 49.1 thousand barrels per day. The company generated $223.7 million in adjusted free cash flow and returned approximately $103 million to shareholders through share repurchases and dividends. Additionally, the Board declared a quarterly cash dividend of $0.18 per share, payable on December 1, 2026, to holders of record as of November 10, 2026. Magnolia Oil & Gas is an oil and gas exploration and production company operating primarily in South Texas.
