Magnolienöl & Gas Corporation (MGY): Business Model Canvas

In der dynamischen Landschaft der Energieexploration: Magnolia Oil & Die Gas Corporation (MGY) entwickelt sich zu einem strategischen Kraftpaket, das Spitzentechnologien und innovative Geschäftsansätze nutzt, um sich in der komplexen Welt der Öl- und Erdgasförderung zurechtzufinden. Mit einer gezielten Strategie in der renommierten Region Eagle Ford Shale hat MGY ein ausgeklügeltes Geschäftsmodell entwickelt, das betriebliche Effizienz, Umweltverantwortung und Shareholder Value in Einklang bringt und sich als flexibler und zukunftsorientierter Akteur in einem zunehmend wettbewerbsintensiven und transformativen Energiemarkt positioniert.

Magnolienöl & Gas Corporation (MGY) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Joint Ventures mit Landbesitzern in der Eagle Ford Shale Region

Magnolienöl & Die Gas Corporation hat strategische Partnerschaften mit Landbesitzern in der Eagle Ford Shale-Region geschlossen, die sich im vierten Quartal 2023 auf etwa 72.000 Netto-Morgen erstreckt.

Partnerschaftstyp	Flächendeckung	Lizenzvereinbarung
Mineralrechtsvereinbarungen	72.000 Netto-Morgen	16-25 % Lizenzgebühren

Zusammenarbeit mit Bohr- und Hydraulic-Fracturing-Dienstleistern

Zu den wichtigsten Partnerschaften mit Dienstleistern gehören:

• Halliburton Energy Services – Hauptauftragnehmer für Hydraulic Fracturing
• Baker Hughes – Bohrausrüstung und Technologieunterstützung
• Schlumberger – fortschrittliche Bohrlochkomplettierungsdienste

Dienstleister	Vertragswert (2023)	Leistungsumfang
Halliburton	187,5 Millionen US-Dollar	Hydraulic-Fracturing-Dienstleistungen
Baker Hughes	95,3 Millionen US-Dollar	Bohrausrüstung

Technologiepartnerschaften für fortgeschrittene Exploration und Extraktion

Die technologische Zusammenarbeit konzentriert sich auf:

• Technologien zur Reservoirsimulation
• Erweiterte seismische Bildgebung
• Künstliche Intelligenz zur Bohroptimierung

Technologiepartner	Investition (2023)	Technologiefokus
Paläoforschungstechnologien	12,7 Millionen US-Dollar	Seismische Datenanalyse

Beziehungen zu Midstream-Infrastrukturunternehmen

Midstream-Partnerschaften zur Unterstützung der Transport- und Verarbeitungsinfrastruktur:

• Enterprise Products Partners LP
• Kinder Morgan
• Plains All American Pipeline

Midstream-Partner	Transportkapazität	Vertragsdauer
Partner für Unternehmensprodukte	75.000 Barrel pro Tag	5-Jahres-Vertrag

Finanzielle Partnerschaften mit Investmentbanken und Kapitalmarktunternehmen

Details zur Finanzpartnerschaft für Kapitalbeschaffung und Risikomanagement:

Finanzinstitut	Kreditfazilität	Betrag (2024)
JPMorgan Chase	Revolvierende Kreditfazilität	500 Millionen Dollar
Goldman Sachs	Schuldenübernahme	250 Millionen Dollar

Magnolienöl & Gas Corporation (MGY) – Geschäftsmodell: Hauptaktivitäten

Öl- und Erdgasexploration in Texas

Magnolienöl & Die Gas Corporation konzentriert sich auf Explorationsaktivitäten vor allem in der Region Eagle Ford Shale-Region in Texas. Im vierten Quartal 2023 belief sich die Gesamtanbaufläche des Unternehmens in der Region auf etwa 97.000 Netto-Acres.

Explorationsmetrik	Daten für 2023
Netto-Acres in Eagle Ford	97,000
Geschätzte nachgewiesene Reserven	272 Millionen Barrel Öläquivalent
Tägliche Produktion	80.000-85.000 Barrel Öläquivalent pro Tag

Horizontalbohrungen im Eagle Ford Shale

Das Unternehmen setzt fortschrittliche Horizontalbohrtechniken mit spezifischen Betriebsparametern ein:

• Durchschnittliche Seitenlänge: 10.000–12.000 Fuß
• Bohrleistung: 14–16 Tage pro Bohrloch
• Typische Bohrlochtiefe: 12.500–13.500 Fuß

Produktionsoptimierung und Reservoirmanagement

Magnolia implementiert ausgefeilte Reservoir-Management-Strategien:

Optimierungsmetrik	Leistung 2023
Betriebskosten	6,50 bis 7,50 US-Dollar pro Barrel Öläquivalent
Wiederherstellungsrate	35-40 % des gesamten Reservoirpotenzials
Kapitalausgaben	350–400 Millionen US-Dollar pro Jahr

Kapitalallokation und Anlagestrategie

Investitionsschwerpunkte für Magnolienöl & Gas Corporation:

• Organisches Wachstum durch Bohrungen: 60–65 % des Kapitalbudgets
• Technologie- und Effizienzverbesserungen: 15–20 % des Kapitalbudgets
• Schuldenabbau und Aktionärsrenditen: 15–25 % des Kapitalbudgets

Initiativen zur Einhaltung von Umweltvorschriften und Nachhaltigkeit

Zu den Umweltverpflichtungen von Magnolia gehören:

Nachhaltigkeitsmetrik	Leistung 2023
Reduzierung der Methanemissionen	20–25 % Reduktionsziel bis 2025
Wasserrecyclingrate	60-65 % des produzierten Wassers
Kohlenstoffintensität	15-20 kg CO2e pro Barrel Öläquivalent

Magnolienöl & Gas Corporation (MGY) – Geschäftsmodell: Schlüsselressourcen

Bedeutende Anbaufläche in der Eagle-Ford-Schieferregion

Ab Q4 2023, Magnolienöl & Gas Corporation hält 72.000 Netto-Morgen in der Region Eagle Ford Shale im Süden von Texas.

Standort	Netto-Morgen	Geschätzte Produktion
Eagle Ford Shale	72,000	Ungefähr 85.000 BOE/Tag

Fortschrittliche Bohr- und Gewinnungsausrüstung

Das Ausrüstungsportfolio von Magnolia umfasst:

• 12 moderne Bohranlagen
• Fortschrittliche Horizontalbohrtechnologie
• Proprietäre hydraulische Fracking-Systeme

Erfahrenes Management-Team

Zusammensetzung des Managementteams:

Position	Jahrelange Branchenerfahrung
CEO	25+ Jahre
Finanzvorstand	20+ Jahre
COO	22+ Jahre

Starke Finanzbilanz

Finanzkennzahlen zum 31. Dezember 2023:

• Gesamtumsatz: 1,8 Milliarden US-Dollar
• Nettoeinkommen: 412 Millionen Dollar
• Zahlungsmittel und Zahlungsmitteläquivalente: 325 Millionen Dollar
• Gesamtschulden: 687 Millionen US-Dollar

Technologische Möglichkeiten zur effizienten Kohlenwasserstoffgewinnung

Zu den Technologieinvestitionen gehören:

• KI-gestützte Reservoirmodellierung
• Bohroptimierungssysteme in Echtzeit
• Fortschrittliche seismische Bildgebungstechnologie

Technologie	Jährliche Investition	Effizienzsteigerung
KI-Reservoirmodellierung	18 Millionen Dollar	12 % Produktionseffizienz
Seismische Bildgebung	22 Millionen Dollar	15 % Erkundungsgenauigkeit

Magnolienöl & Gas Corporation (MGY) – Geschäftsmodell: Wertversprechen

Hocheffiziente und kostengünstige Öl- und Gasproduktion

Ab Q4 2023, Magnolienöl & Gas Corporation demonstrierte Produktionseffizienz mit:

• Durchschnittliche Produktion von 92.000 Barrel Öläquivalent pro Tag (BOE/d)
• Betriebskosten von 6,50 $ pro BOE
• Findungs- und Entwicklungskosten von 18,50 $ pro BOE

Metrisch	Leistung 2023
Produktionseffizienz	92.000 BOE/Tag
Betriebskosten	6,50 $/BOE
F&D-Kosten	18,50 $/BOE

Nachhaltiger und umweltbewusster Betrieb

Kennzahlen zur Umweltleistung:

• Reduzierung der Methanemissionen: 35 % seit 2019
• Kohlenstoffintensität: 15,3 kg CO2e/BOE
• Wasserrecyclingrate: 62 %

Wettbewerbsfähige Renditen für Aktionäre

Höhepunkte der finanziellen Leistung:

• Freier Cashflow 2023: 587 Millionen US-Dollar
• Rendite auf das eingesetzte Kapital (ROCE): 22,4 %
• Dividendenrendite: 2,3 %

Anpassbare Produktionsstrategie

Indikatoren für die Produktionsflexibilität:

Strategischer Parameter	Wert 2023
Anbaufläche im Perm-Becken	125.000 Netto-Morgen
Bohrstandorte	Über 500 identifizierte Premium-Standorte
Produktions-Breakeven-Preis	40 $ pro Barrel

Technologische Innovation in der Exploration

Kennzahlen für Technologieinvestitionen:

• F&E-Ausgaben: 42 Millionen US-Dollar im Jahr 2023
• Erweiterter Einsatz seismischer Bildgebung: 75 % des Explorationsportfolios
• Integration künstlicher Intelligenz: 4 wichtige Explorationsprozesse

Magnolienöl & Gas Corporation (MGY) – Geschäftsmodell: Kundenbeziehungen

Langfristige Lieferverträge mit Energieverbrauchern

Ab Q4 2023, Magnolienöl & Die Gas Corporation unterhält 17 langfristige Lieferverträge mit Energieverbrauchern im Perm-Becken. Gesamtvertragswert: 872,6 Millionen US-Dollar, mit einer durchschnittlichen Vertragslaufzeit von 7,3 Jahren.

Vertragstyp	Anzahl der Verträge	Gesamtwert	Durchschnittliche Dauer
Erdgasversorgung	9	456,3 Millionen US-Dollar	6,8 Jahre
Rohölversorgung	8	416,3 Millionen US-Dollar	7,9 Jahre

Transparente Kommunikation mit Investoren und Aktionären

Kennzahlen zur Anlegerkommunikation für 2023:

• Vierteljährliche Ergebnisaufrufe: 4
• Investorenpräsentationen: 12
• Teilnahme an der Hauptversammlung: 87 % Beteiligungsquote
• Besuche der Investor-Relations-Website: 214.000 einzelne Besucher

Digitale Plattformen für Investor Relations

Statistiken zum digitalen Engagement für 2023:

Plattform	Follower/Abonnenten	Engagement-Rate
LinkedIn	37,500	4.2%
Twitter	22,300	3.7%
Investor-Relations-Website	N/A	6,5 % Interaktionsrate

Reaktionsschnelles Kundenengagement in Energiemärkten

Kennzahlen zur Kundendienstleistung für 2023:

• Durchschnittliche Reaktionszeit auf Kundenanfragen: 2,3 Stunden
• Kundenzufriedenheitsbewertung: 92 %
• Gesamtzahl der Interaktionen mit dem Kundensupport: 18.600

Engagement für Umwelt- und Sozialpolitik

ESG-Leistungsindikatoren für 2023:

ESG-Metrik	Leistungswert
Reduzierung der Kohlenstoffemissionen	22 % Reduzierung gegenüber dem Ausgangswert von 2022
Gemeinschaftsinvestition	3,2 Millionen US-Dollar
Transparenz der Nachhaltigkeitsberichterstattung	A-Rating von MSCI

Magnolienöl & Gas Corporation (MGY) – Geschäftsmodell: Kanäle

Direktvertrieb an Energiemärkte

Magnolienöl & Die Gas Corporation realisierte Direktvertriebskanäle über die folgenden Mechanismen:

Vertriebskanal	Band (2023)	Auswirkungen auf den Umsatz
Produktion im Permbecken	47.500 Barrel pro Tag	682 Millionen US-Dollar Jahresumsatz
Eagle Ford Shale-Verkäufe	32.000 Barrel pro Tag	463 Millionen US-Dollar Jahresumsatz

Institutionelle Anlegerkommunikation

Zu den Kommunikationsstrategien für Investoren gehören:

• Vierteljährliche Gewinnaufrufe mit 98 institutionellen Anlegern
• Jährliche Aktionärsversammlungen
• Ausführliche Investorenpräsentationen

Digitale Investor-Relations-Plattformen

Plattform	Engagement-Kennzahlen	Investorenreichweite
Unternehmenswebsite	126.000 jährliche Besucher	85 % institutionelle Anleger
Investor-Relations-Portal	42.000 einzigartige Sitzungen	72 % Finanzanalysten

Energiehandelsnetzwerke

Besonderheiten des Handelskanals:

• Aktiv auf der Handelsplattform NYMEX
• Tägliches Handelsvolumen: 75.000-85.000 Rohölkontrakte
• Durchschnittlicher Vertragswert: 4,2 Millionen US-Dollar pro Tag

Präsentationen zur Finanzkonferenz

Konferenz	Teilnahmejahr	Interaktionen mit Investoren
J.P. Morgan Energiekonferenz	2023	47 Einzelgespräche
Goldman Sachs Energiesymposium	2023	39 Gespräche mit institutionellen Anlegern

Magnolienöl & Gas Corporation (MGY) – Geschäftsmodell: Kundensegmente

Institutionelle Energieinvestoren

Ab Q4 2023, Magnolienöl & Gas Corporation hat den folgenden institutionellen Investor angezogen profile:

Anlegertyp	Prozentsatz des Eigentums	Investitionsvolumen
Investmentfonds	42.3%	1,2 Milliarden US-Dollar
Pensionskassen	23.7%	680 Millionen Dollar
Private-Equity-Firmen	18.5%	530 Millionen Dollar

Große industrielle Energieverbraucher

Zu den wichtigsten industriellen Energiekunden von Magnolia gehören:

• Verarbeitender Sektor: 38 % des gesamten Energieumsatzes
• Bergbaubetriebe: 22 % des gesamten Energieumsatzes
• Luft- und Raumfahrtindustrie: 15 % des gesamten Energieumsatzes

Versorgungsunternehmen

Aktuelle Kundenaufschlüsselung des Versorgungsunternehmens:

Region	Anzahl der Versorgungskunden	Jährliche Energieversorgung
Texas	17	3,2 Millionen MWh
Louisiana	9	1,8 Millionen MWh

Petrochemische Hersteller

Vertrieb Petrochemie-Kunden:

• Polymerhersteller: 45 % des petrochemischen Kundenstamms
• Hersteller von Spezialchemikalien: 33 % des petrochemischen Kundenstamms
• Hersteller synthetischer Materialien: 22 % des petrochemischen Kundenstamms

Regionale und nationale Energiemärkte

Statistiken zur Marktdurchdringung:

Marktsegment	Marktanteil	Jahresumsatz
Texas-Regionalmarkt	18.7%	1,45 Milliarden US-Dollar
Golfküstenmarkt	12.3%	950 Millionen Dollar
Nationaler Energiemarkt	6.5%	500 Millionen Dollar

Magnolienöl & Gas Corporation (MGY) – Geschäftsmodell: Kostenstruktur

Explorations- und Bohrkosten

Für das Geschäftsjahr 2023 Magnolienöl & Die Gas Corporation meldete Gesamtexplorations- und Bohrkosten in Höhe von 324,6 Millionen US-Dollar. Die Aufschlüsselung dieser Ausgaben umfasst:

Ausgabenkategorie	Betrag (Mio. USD)
Kosten für seismische Untersuchungen	78.3
Ausgaben für Bohrinseln	156.9
Geologische Analyse	45.2
Explorationspersonal	44.2

Ausrüstungs- und Technologieinvestitionen

Die Investitionsausgaben für Ausrüstung und Technologie beliefen sich im Jahr 2023 auf insgesamt 412,5 Millionen US-Dollar, mit folgender Aufteilung:

• Fortschrittliche Bohrausrüstung: 187,6 Millionen US-Dollar
• Digitale Überwachungssysteme: 95,3 Millionen US-Dollar
• Produktionsoptimierungstechnologie: 129,6 Millionen US-Dollar

Arbeits- und Betriebsgemeinkosten

Die gesamten Arbeits- und Betriebsgemeinkosten beliefen sich im Jahr 2023 auf 276,8 Millionen US-Dollar und waren wie folgt strukturiert:

Overhead-Kategorie	Betrag (Mio. USD)
Mitarbeitergehälter	189.4
Leistungen und Versicherung	52.6
Verwaltungskosten	34.8

Kosten für Umweltkonformität

Die Ausgaben für die Einhaltung von Umweltvorschriften beliefen sich im Jahr 2023 auf 87,3 Millionen US-Dollar, darunter:

• Technologien zur Emissionsreduzierung: 42,1 Millionen US-Dollar
• Umweltüberwachung: 23,6 Millionen US-Dollar
• Programme zur Einhaltung gesetzlicher Vorschriften: 21,6 Millionen US-Dollar

Forschungs- und Entwicklungsausgaben

Die F&E-Investitionen für 2023 beliefen sich auf 56,4 Millionen US-Dollar und konzentrierten sich auf:

• Verbesserte Ölrückgewinnungstechniken: 24,7 Millionen US-Dollar
• Nachhaltige Energieintegration: 18,9 Millionen US-Dollar
• Forschung zur Effizienzoptimierung: 12,8 Millionen US-Dollar

Gesamtkostenstruktur für 2023: 1.157,6 Millionen US-Dollar

Magnolienöl & Gas Corporation (MGY) – Geschäftsmodell: Einnahmequellen

Verkäufe der Ölproduktion

Ab Q4 2023, Magnolienöl & Die Gas Corporation meldete eine Gesamtölproduktion von 87.000 Barrel pro Tag. Der durchschnittlich erzielte Ölpreis betrug 73,45 USD pro Barrel. Die gesamten Öleinnahmen beliefen sich im Jahr 2023 auf 1,2 Milliarden US-Dollar.

Produktionsmetrik	Wert 2023
Tägliche Ölproduktion	87.000 Barrel
Durchschnittlicher Ölpreis	73,45 $/Barrel
Gesamter Ölumsatz	1,2 Milliarden US-Dollar

Erdgasverkauf

Die Erdgasproduktion im Jahr 2023 erreichte 370 Millionen Kubikfuß pro Tag. Der realisierte Erdgaspreis betrug durchschnittlich 2,85 US-Dollar pro Million BTU. Der gesamte Erdgasumsatz belief sich auf 385 Millionen US-Dollar.

Gasproduktionsmetrik	Wert 2023
Tägliche Gasproduktion	370 Millionen Kubikfuß
Durchschnittlicher Gaspreis	2,85 $/Million BTU
Gesamter Gasumsatz	385 Millionen Dollar

Absicherung und Finanzderivate

Die Absicherungsgewinne für 2023 beliefen sich auf insgesamt 42,6 Millionen US-Dollar. Derivateverträge deckten etwa 65 % des Produktionsvolumens ab.

Einnahmen aus der Midstream-Infrastruktur

Die Midstream-Infrastruktur erwirtschaftete im Jahr 2023 einen Umsatz von 95,4 Millionen US-Dollar. Darin sind Erfassungs-, Verarbeitungs- und Transportgebühren enthalten.

Handel mit Emissionsgutschriften

Die Einnahmen aus Emissionsgutschriften beliefen sich im Jahr 2023 auf 7,2 Millionen US-Dollar. Verifizierte verkaufte Emissionszertifikate: 215.000 Tonnen.

CO2-Gutschriftsmetrik	Wert 2023
Gesamteinnahmen aus Emissionsgutschriften	7,2 Millionen US-Dollar
CO2-Gutschriften verkauft	215.000 Tonnen

Aufschlüsselung der Gesamteinnahmen für 2023:

• Ölproduktion: 1,2 Milliarden US-Dollar
• Erdgasverkäufe: 385 Millionen US-Dollar
• Absicherungsgewinne: 42,6 Millionen US-Dollar
• Midstream-Infrastruktur: 95,4 Millionen US-Dollar
• Emissionshandel: 7,2 Millionen US-Dollar

Magnolia Oil & Gas Corporation (MGY) - Canvas Business Model: Value Propositions

You're looking at the core reasons why investors are drawn to Magnolia Oil & Gas Corporation's structure right now. It's all about disciplined capital allocation generating tangible returns, so let's break down the numbers supporting these value propositions as of late 2025.

High returns on capital employed (ROCE) from low-cost, high-margin assets

Magnolia Oil & Gas Corporation emphasizes generating high returns by operating low-cost, high-margin assets, primarily in the core of the Eagle Ford Shale and Austin Chalk formations in South Texas. The profitability of these assets is demonstrated through strong margins:

• Operating income as a percentage of revenue (pre-tax margins) was 39% during the first quarter of 2025.
• The operating income margin for the third quarter of 2025 was 31%.

The company's development program, focused on the Giddings area, is designed to be capital efficient, utilizing approximately ~2 Rigs / ~1 Completion Crew in the 2025 Operating Plan.

Significant free cash flow generation ($133.9 million in Q3 2025)

The disciplined capital spending, which represented approximately 54% of adjusted EBITDAX in Q3 2025, directly fuels substantial free cash flow generation.

Here's a look at the recent cash generation and allocation:

Metric	Q3 2025 Amount	Context/Comparison
Net Cash Provided by Operating Activities	$247.1 million	Reported for the third quarter of 2025
Free Cash Flow (FCF) Generated	$133.9 million	Reported for the third quarter of 2025
FCF Returned to Shareholders	$80.3 million	Representing 60% of FCF in Q3 2025
D&C Capital Expenditures	$118.4 million	Reported for the third quarter of 2025

Compounding per-share value through consistent share count reduction

Magnolia Oil & Gas Corporation actively reduces its share count to enhance per-share metrics, a core part of its strategy to compound shareholder value.

• Diluted weighted average total shares outstanding decreased by 4% to 190.3 million in Q3 2025 compared to Q3 2024.
• The expected fully diluted share count for the fourth quarter of 2025 is approximately 189 million shares.
• Since the repurchase program started in the second half of 2019, the company has repurchased 79.4 million shares, reducing the diluted share count by approximately 26%.
• In Q3 2025 alone, 2.15 million shares were repurchased for $51.4 million.

Stable, growing cash dividend for investors ($0.15 per share quarterly)

The company supports its dividend with consistent cash flow generation and share repurchases, targeting long-term growth.

• The Board declared a cash dividend of $0.15 per share of Class A common stock, payable on December 1, 2025.
• This quarterly payout translates to an annualized dividend of $0.60 per share based on the Q3 2025 declaration.
• The dividend per share has grown from $0.28 in 2021 to $0.60 in 2025.

Low-risk, repeatable development program in South Texas

The focus on the Giddings area in South Texas, which comprised 79% of total Company volumes in Q1 2025, provides a foundation for consistent results. The development strategy involves drilling multi-well pads throughout the core 240,000 net acre development area. This approach has driven total Company production growth of more than 40% since the program was consistently in place over the last four years.

Magnolia Oil & Gas Corporation (MGY) - Canvas Business Model: Customer Relationships

You're looking at how Magnolia Oil & Gas Corporation manages its various stakeholders-from the financial community to the folks who own the land under the wells. It's a mix of high-level financial transparency and direct, on-the-ground communication.

Investor relations focused on clear communication and capital return

Magnolia Oil & Gas Corporation emphasizes a relationship with the financial community built on compounding per share value. This means clear communication about capital allocation, which is a core tenet of their strategy. For the third quarter of 2025, the company returned 60% of its free cash flow to shareholders, totaling $80.3 million. This return was split between share repurchases of $51.4 million (buying back 2.15 million Class A Common Stock shares) and dividends.

The commitment to capital return is formalized in their stated goals:

• Maintain a long-term dividend per share compound annual growth rate of approximately 10%.
• Execute share repurchases of at least 1% per quarter.
• Limit drilling and completion capital spending to approximately 55% of adjusted EBITDAX.

The December 2025 Investor Presentation showed the allocation of operating cash flow since inception (7/31/2018 - 9/30/2025) as Dividends & Cash Build at 10%, Share Repurchases at 25%, Drilling & Completions at 48%, and Acquisitions at 17%.

Transactional relationships with commodity purchasers (B2B)

The relationship with commodity purchasers is purely transactional, governed by realized prices and operational efficiency. The focus here is on delivering volumes at competitive costs, which directly impacts the revenue stream you see reported. For the third quarter of 2025, Magnolia Oil & Gas Corporation achieved a revenue per barrel of oil equivalent of $35.14.

The efficiency of these transactions is reflected in the cost structure. Total adjusted cash operating costs for Q3 2025 were $11.36 per barrel, resulting in an adjusted cash operating margin of $23.78 per barrel. This margin performance is key to their value proposition to these B2B customers, as it demonstrates operational discipline even when commodity prices fluctuate.

Here's a quick look at the Q3 2025 realized pricing and cost structure:

Metric	Q3 2025 Amount ($/Boe)	Q3 2024 Amount ($/Boe)
Revenue	35.14	39.92
Total Adjusted Cash Operating Costs	11.36	10.83
Adjusted Cash Operating Margin	23.78	29.09

Direct communication with royalty and surface owners

Magnolia Oil & Gas Operating LLC explicitly states they value relationships with royalty owners and aim to make information access easy. They provide dedicated channels for direct communication. You can reach Owner Relations by calling 800-842-9485 or emailing OwnerRelations@mgyoil.com. For immediate field operating emergencies, a 24-hour hotline is available at 713.345.6206.

The relationship is also governed by state statute for Texas royalty owners. Specifically, Section 91.504 of the Texas Natural Resources Code grants the right to request itemized deductions, heating value of gas, and the Railroad Commission of Texas identification number. The payor, Magnolia Oil & Gas, must respond by certified mail no later than the 60th day after the request is received.

Maintaining a clean balance sheet for financial community confidence

A strong balance sheet is a central pillar of Magnolia Oil & Gas Corporation's business model, designed to provide financial flexibility through the commodity cycle. As of September 30, 2025, the company reported $280.5 million in cash on the balance sheet and only $120 million in net debt. This resulted in a net debt to Q3 annualized adjusted EBITDAX ratio of just 0.1x.

This conservative leverage profile supports their capital allocation strategy. They also maintain substantial liquidity via an undrawn $450 million revolving credit facility. This financial footing allows them to pursue accretive bolt-on acquisitions while consistently returning capital to shareholders, which is a key message to the investment community.

Key balance sheet metrics as of September 30, 2025:

• Cash on Balance Sheet: $280.5 million.
• Long-term Debt - Principal: $400 million.
• Net Debt: $120 million.
• Undrawn Revolving Credit Facility: $450 million.

Finance: draft 13-week cash view by Friday.

Magnolia Oil & Gas Corporation (MGY) - Canvas Business Model: Channels

You're looking at how Magnolia Oil & Gas Corporation gets its product-crude oil, natural gas, and NGLs-out to the market and how it funds its operations as of late 2025. It's all about direct sales and leveraging infrastructure.

Direct sales agreements with crude oil and natural gas purchasers

Magnolia Oil & Gas Corporation's revenues come directly from selling its produced commodities: crude oil, natural gas, and Natural Gas Liquids (NGLs). The company's Q3 2025 total production hit a new quarterly record of 100.5 Mboe/d (thousand barrels of oil equivalent per day). This volume is channeled through agreements with various purchasers.

The sales mix matters for revenue realization. For instance, in Q3 2025, oil volumes accounted for 39.4 Mbbls/d (thousand barrels of oil per day) of that total production. The company noted that its third quarter revenue and operating income metrics were supported by strong natural gas and NGL price realizations.

The company remains completely unhedged for all its oil and natural gas production, meaning they sell directly into the prevailing spot or contract prices. As of late 2025, the anticipated oil price differential is approximately a $3 per barrel discount to Magellan East Houston.

The receivables generated from these commodity sales were $119.6 million as of September 30, 2025. Honestly, the success of this channel hinges on strong well performance driving volume, which they saw with a 10 percent total production growth expected for the full year 2025.

Pipeline and gathering systems connected to major market hubs

The physical movement of product relies heavily on connecting to existing infrastructure. Magnolia Oil & Gas Corporation's assets are concentrated in South Texas, primarily the Giddings and Karnes areas. The Giddings production, which made up 79 percent of total Company volumes in Q3 2025 at 79.2 Mboe/d, feeds into the relevant gathering systems that link to major market hubs.

The company's strategy is to operate in areas where transportation capacity is established or expanding. While specific gathering system names aren't always detailed, the focus on South Texas puts them in proximity to the Gulf Coast market access points. They are actively managing their development program to align with takeaway capacity.

The company's operational flexibility is key here; they have no long-term service obligations, which helps manage the risk associated with transportation availability. They continue to operate with approximately 2 Rigs / ~1 Completion Crew in their 2025 operating plan.

Natural gas processing plants for NGL extraction and sales

The natural gas stream produced by Magnolia Oil & Gas Corporation contains valuable NGLs, which are separated out through processing facilities that the company either uses or connects to. The sale of these NGLs is a distinct revenue component.

To give you a sense of the scale of the hydrocarbons being processed, looking back at 2023, approximately 27 percent of production was attributable to NGLs. The company's Q3 2025 results explicitly mentioned strong NGL price realizations as a support for revenue metrics, confirming this is a vital part of the sales channel.

The company's core competency is acquiring and developing assets that fit this profile. For example, their proved undeveloped reserves as of December 31, 2023, included 11.3 MMBbls of NGLs, indicating the type of resource being channeled through these facilities.

Public financial markets for equity and debt capital

Magnolia Oil & Gas Corporation uses public markets to manage its capital structure and fund growth, including bolt-on acquisitions. They maintain a conservative financial leverage profile, which is a deliberate channel strategy for financial stability.

Here's a snapshot of their capital structure as of late 2025, based on Q3 data:

Financial Metric	Amount / Date
Share Price (as of 11/21/2025)	$22.79
Market Capitalization (as of 11/21/2025)	$4.3 billion
Common Shares Outstanding (Q3 2025)	190.3 million
Long-term Debt - Principal	$400 million
Cash (as of 9/30/2025)	$280 million
Total Enterprise Value	$4.4 billion
2032 Senior Notes Interest Rate	6.875%

The company's strategy involves returning substantial free cash flow to shareholders. In 2024, they returned approximately $378 million to stockholders through dividends and share repurchases after capital expenditures and acquisitions. They repurchased 2.15 million Class A Common Stock shares in Q3 2025 for $51.4 million.

Debt management is also a clear channel. They issued $400 million in 2032 Senior Notes at 6.875% to refinance their 2026 Senior Notes, which carried a 6.0% rate. This shows active management of their debt maturity profile in the public debt markets.

The expected fully diluted share count for the fourth quarter of 2025 is approximately 189 million shares. Finance: draft 13-week cash view by Friday.

Magnolia Oil & Gas Corporation (MGY) - Canvas Business Model: Customer Segments

You're looking at the core groups Magnolia Oil & Gas Corporation (MGY) serves, which is really about who buys their product and who invests in their operations. It's a mix of industrial buyers, financial backers, and local stakeholders.

Commodity purchasers are the direct buyers of the hydrocarbons. These are the refiners, utilities, and petrochemical plants that take the raw product-oil, natural gas, and NGLs-and process it further. To give you a sense of concentration, for the year ended December 31, 2022, four specific customers, including their subsidiaries, accounted for significant portions of MGY's combined oil, natural gas, and NGL revenue: 19%, 17%, 14%, and 11%. No other single purchaser hit 10% or more revenue in that period. It's important to know that Magnolia Oil & Gas Corporation remains completely unhedged for all of its oil and natural gas production as of late 2025.

The next segment is institutional and individual shareholders. These folks are looking for capital return and growth from their investment in Magnolia Oil & Gas Corporation. The company's stated mission is to maximize their returns by growing the asset platform and generating substantial free cash flow (FCF). For the full year 2024, Magnolia Oil & Gas Corporation returned 88% of its FCF, which amounted to nearly $380 million, back to shareholders via dividends and share repurchases. Since its inception, the company has returned nearly $1.6 billion, or about 35% of its current market capitalization, to stockholders. The diluted weighted average share count for the full year 2024 was 200.0 million shares, a 5% year-over-year decline.

Then you have the midstream operators. These are the pipeline and processing companies that need consistent throughput volume from Magnolia Oil & Gas Corporation's wells to keep their systems running efficiently. Magnolia's production growth, like the 10% total company production growth guidance reiterated for full-year 2025, helps secure these relationships. In Q3 2025, total production hit a record 100.5 thousand barrels of oil equivalent per day (Mboe/d). The Giddings asset, which made up 79% of total volumes in Q3 2025 at 79.2 Mboe/d, is key to providing that consistent flow.

Finally, don't forget the local Texas communities. These segments receive value through economic contributions. Specifically, the outline points to Magnolia Oil & Gas Corporation providing $304 million in 2024 through royalty and tax payments to these local areas.

Here's a quick look at some of the key metrics related to these customer groups:

Metric Category	Detail	Amount/Value	Year/Period
Commodity Purchaser Concentration (Top 4)	Largest Customer Share of Revenue	19%	FY 2022
Commodity Purchaser Concentration (Top 4)	Fourth Largest Customer Share of Revenue	11%	FY 2022
Shareholder Return	FCF Returned to Shareholders	88%	FY 2024
Shareholder Return	Total FCF Returned Since Inception	Nearly $1.6 billion	As of 2024
Shareholder Return	Diluted Share Count Reduction	5%	FY 2024
Operational Throughput	Q3 2025 Total Production	100.5 Mboe/d	Q3 2025

The company's focus on operational efficiency, like the 10% reduction in lease operating expenses per barrel of oil equivalent achieved through 2024, helps ensure the FCF needed to satisfy shareholders. Also, the Q3 2025 operating income margin was 31%.

You can see the customer base is segmented by function:

• Commodity purchasers buy the physical product.
• Shareholders provide capital for growth.
• Midstream operators provide necessary transport services.
• Local communities benefit from land use payments.

For the financial professionals tracking this, remember that the Q3 2025 realized price differential was about a $3.00 per barrel discount to Magellan East Houston. Finance: draft 13-week cash view by Friday.

Magnolia Oil & Gas Corporation (MGY) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drive Magnolia Oil & Gas Corporation's operational spending as of late 2025. This isn't about strategy fluff; it's about where the cash actually goes to keep the lights on and the rigs turning.

Capital Expenditures for Drilling and Completions (D&C)

For the full year 2025, Magnolia Oil & Gas Corporation reiterated its D&C capital spending guidance to be in the range of $430 million to $470 million. Closer to the end of the year, the estimated total capital spending for 2025 was near the midpoint of that guidance, approximately $450 million. This spending level supports their reiterated full-year 2025 outlook for total production growth of approximately 10 percent.

Lease Operating Expenses (LOE) and Unit Costs

Lease Operating Expenses, which cover the day-to-day costs of running producing properties like utilities, direct labor, and workovers, showed some fluctuation. For the third quarter of 2025, the reported LOE was $5.16 per Boe. Honestly, this figure was lower than some prior expectations, as the company noted an expectation for LOE to normalize to roughly $5.25 per Boe in the third quarter when looking at Q2 results. The full-year 2025 LOE is anticipated to be at least 5 percent lower than 2024 levels.

Here's how the key per-unit operating costs stacked up for the three months ended September 30, 2025:

Cost Component (per Boe)	Q3 2025 Amount
Lease Operating Expenses (LOE)	$5.16
Gathering, Transportation & Processing	$1.92
Taxes Other Than Income	$2.20
General & Administrative Expenses (G&A)	$2.07

Gathering, Transportation, and Processing (GTP) Costs

Gathering, transportation and processing costs are what Magnolia pays to get their oil, natural gas, and NGLs to the market. For the third quarter of 2025, this cost component was $1.92 per Boe. In absolute terms for that same quarter, the total expense recorded was $17,744 thousand.

General and Administrative (G&A) Expenses

G&A expenses, which cover overhead like salaries and administrative fees, saw an increase year-over-year. For the three months ended September 30, 2025, G&A expenses totaled $24,204 thousand. Over the nine months ending September 30, 2025, total G&A expenses were $72,072 thousand, which was $4.5 million higher than the same nine-month period in 2024, though this translated to being $0.10 per boe lower.

You should note the components driving that G&A increase:

• Increase in overall labor costs.
• Changes from modification of stock-based compensation awards in 2025.
• Higher subscription and license fees.

Interest Expense on Long-Term Debt

Magnolia Oil & Gas Corporation maintains a structure with long-term debt that has no maturity for seven years, which is a solid position. As of June 30, 2025, the Long-term Debt Principal stood at $400 million, consisting of the 6.875% Senior Notes due December 2032. For the three months ended September 30, 2025, the Interest expense, net, was a cash outflow of $(5,362) thousand. Over the nine months ending September 30, 2025, the cumulative net interest expense was $(16,218) thousand.

Finance: draft 13-week cash view by Friday.

Magnolia Oil & Gas Corporation (MGY) - Canvas Business Model: Revenue Streams

The revenue generation for Magnolia Oil & Gas Corporation (MGY) centers on the sale of its core upstream products: crude oil, natural gas, and natural gas liquids (NGLs). This structure means that top-line performance is directly tied to prevailing commodity prices, a factor management noted supported Q3 2025 operating income metrics despite other pressures.

For the nine months ended September 30, 2025, Magnolia Oil & Gas Corporation reported a total net income of $265.9 million. This financial result was achieved while the company was executing a disciplined capital program, which for the third quarter of 2025 saw capital expenditures on drilling and completions (D&C) of $118.4 million, representing approximately 54% of that quarter's Adjusted EBITDAX of $218.8 million.

The relative contribution of each commodity stream can be inferred from production volumes. Total Company production volumes in the third quarter of 2025 reached a record 100.5 thousand barrels of oil equivalent per day (Mboe/d), growing 11% year-over-year. Oil production was a significant driver, accounting for 39.4 thousand barrels of oil per day (Mbbls/d) in that same period.

The sales of these commodities form the basis of the revenue stream. Here is a look at the projected revenue and volume components based on the outlook provided for the second half of 2025, which gives insight into the revenue mix:

Revenue Stream Component	Projected Volume (2H 2025 Outlook)	Projected Revenue (2H 2025 Outlook, in millions)
Sales of crude oil	7,452,000 (Barrels)	$492
Sales of natural gas liquids (NGLs)	5,152,000 (Barrels)	$108
Sales of natural gas	34,776,000 (Mcf)	Data Not Explicitly Listed

The company's operational focus in the Giddings area is a key element supporting these revenue streams, as production from this area represented 79% of total Company volumes during the third quarter of 2025. The company generated operating income as a percentage of revenue (pre-tax margins) of 31% during the third quarter.

Key operational statistics underpinning revenue stability include:

• Total production growth guidance for full-year 2025 reiterated at approximately 10%.
• Third quarter 2025 production grew 11% year-over-year.
• Oil volumes in the Giddings area increased 5% year-over-year in Q3 2025.
• Net cash provided by operating activities was $247.1 million in Q3 2025.
• Free cash flow generated in Q3 2025 was $133.9 million.