Magnolia Oil & Gas Corporation completed its acquisition of WildFire Energy I LLC on September 10, 2026. The total consideration was approximately $4.1 billion, comprising $2.57 billion in cash (subject to adjustments), the issuance of 32,203,000 shares of Class A common stock, and the assumption of WildFire's $600 million aggregate principal amount of 7.500% Senior Notes due 2029. Magnolia shareholders will own approximately 88% of the combined entity, with WildFire owners retaining roughly 12%. The transaction includes a registration rights agreement for the equity consideration and a 30-day lock-up period for the seller. Magnolia Oil & Gas Corporation is an independent oil and gas exploration and production company operating primarily in South Texas.

Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. closed a private offering of $500.0 million aggregate principal amount of 6.625% senior notes due August 15, 2034. The unsecured debt is guaranteed by Magnolia Oil & Gas Corporation and its affiliates, with interest payable semi-annually starting February 15, 2027. Proceeds will fund the acquisition of WildFire Intermediate Holdings, LLC, alongside equity proceeds from a July 22, 2026 offering and existing cash. The company operates in the oil and gas exploration and production industry.

Magnolia Oil & Gas Corporation reported second quarter 2026 net income of $181.8 million, or $0.97 per diluted share, a 124% increase from the prior year period driven by higher oil and NGL prices and production growth. Adjusted EBITDAX rose 66% to $370.3 million with total production averaging 106.1 thousand barrels of oil equivalent per day. The company announced a definitive agreement to acquire WildFire Energy for approximately $4.06 billion, funded by $500 million in senior notes and 53.3 million new shares issued for net proceeds of $1.23 billion. Concurrently, the Board declared a quarterly cash dividend of $0.18 per share, payable September 1, 2026 to shareholders of record as of August 10, 2026, representing a 9% increase from the previous rate. Magnolia Oil & Gas Corporation is an oil and gas exploration and production company operating primarily in South Texas.

Magnolia Oil & Gas Corporation entered into an underwriting agreement to issue and sell 46,315,790 shares of Class A common stock at $23.75 per share, with underwriters exercising an additional option to purchase 6,947,368 shares. The company intends to use the net proceeds to fund the acquisition of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC, or for general corporate purposes if the acquisition is not completed. Magnolia Oil & Gas Corporation is an oil and gas exploration and production company.

Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. priced a $500 million private offering of 6.625% senior unsecured notes due 2034. The closing is expected on August 5, 2026. Proceeds from this offering, alongside recent Class A common stock issuances, revolving credit facility borrowings, and cash on hand, will fund the acquisition of 100% of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC. Magnolia Oil & Gas Corp is an oil and gas exploration and production company.

On July 22, 2026, Magnolia Oil & Gas subsidiaries announced a proposed private offering of $500 million in senior unsecured notes due 2034. These funds, combined with a public equity offering of 46,315,790 shares at $23.75 per share (plus an additional 6,947,368 shares via underwriter option exercise), revolving credit borrowings, and cash on hand, will fund the acquisition of 100% of WildFire Intermediate Holdings, LLC. The equity offering is expected to close on July 22, 2026. Magnolia is an oil and gas exploration and production company operating primarily in the Eagle Ford Shale and Austin Chalk formations of South Texas.