Óleo de Magnólia & Gas Corporation (MGY): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico da exploração de energia, o óleo de magnólia & A Gas Corporation (MGY) surge como uma potência estratégica, alavancando tecnologias de ponta e abordagens de negócios inovadoras para navegar no mundo complexo da produção de petróleo e gás natural. Com uma estratégia focada a laser na renomada região de Eagle Ford Shale, a MGY criou um modelo de negócios sofisticado que equilibra a eficiência operacional, a responsabilidade ambiental e mercado.

Óleo de Magnólia & Gas Corporation (MGY) - Modelo de Negócios: Principais Parcerias

Joint ventures estratégicos com proprietários de terras na região de Eagle Ford Shale

Óleo de Magnólia & A Gas Corporation estabeleceu parcerias estratégicas com proprietários de terras na região de Eagle Ford Shale, cobrindo aproximadamente 72.000 acres líquidos a partir do quarto trimestre 2023.

Tipo de parceria	Cobertura de área cultivada	Acordo de Royalty
Acordos de direitos minerais	72.000 acres líquidos	16-25% das taxas de royalties

Colaboração com provedores de serviços de perfuração e fraturamento hidráulico

Principais parcerias do provedor de serviços incluem:

• Serviços de Energia Halliburton - Empreiteiro Hidráulico Primário
• Baker Hughes - Equipamento de perfuração e suporte tecnológico
• Schlumberger - Serviços avançados de conclusão de poço

Provedor de serviços	Valor do contrato (2023)	Escopo de serviço
Halliburton	US $ 187,5 milhões	Serviços de fraturamento hidráulico
Baker Hughes	US $ 95,3 milhões	Equipamento de perfuração

Parcerias de tecnologia para exploração e extração avançadas

A colaboração de tecnologia se concentra em:

• Tecnologias de simulação de reservatório
• Imagem sísmica avançada
• Inteligência artificial para otimização de perfuração

Parceiro de tecnologia	Investimento (2023)	Foco em tecnologia
Tecnologias Paleosearch	US $ 12,7 milhões	Análise de dados sísmicos

Relacionamentos com empresas de infraestrutura média

Parcerias Midstream para apoiar a infraestrutura de transporte e processamento:

• Enterprise Products Partners LP
• Morgan mais gentil
• Plains todo o oleoduto

Parceiro do meio -fluxo	Capacidade de transporte	Duração do contrato
Enterprise Products Partners	75.000 barris por dia	Contrato de 5 anos

Parcerias financeiras com bancos de investimento e empresas de mercado de capitais

Detalhes da parceria financeira para captação de capital e gerenciamento de riscos:

Instituição financeira	Linha de crédito	Valor (2024)
JPMorgan Chase	Linha de crédito rotativo	US $ 500 milhões
Goldman Sachs	Subscrição da dívida	US $ 250 milhões

Óleo de Magnólia & Gas Corporation (MGY) - Modelo de Negócios: Atividades -chave

Exploração de petróleo e gás natural no Texas

Óleo de Magnólia & A Gas Corporation se concentra nas atividades de exploração principalmente no Região de xisto de Eagle Ford do Texas. A partir do quarto trimestre 2023, a posição total de área cultivada da empresa na região era de aproximadamente 97.000 acres líquidos.

Métrica de exploração	2023 dados
Líquido acres em águia ford	97,000
Reservas comprovadas estimadas	272 milhões de barris de petróleo equivalente
Produção diária	80.000-85.000 barris de petróleo equivalente por dia

Perfuração horizontal em Eagle Ford Shale

A empresa emprega técnicas avançadas de perfuração horizontal com parâmetros operacionais específicos:

• Comprimento lateral médio: 10.000-12.000 pés
• Eficiência de perfuração: 14-16 dias por poço
• Profundidade típica do poço: 12.500-13.500 pés

Otimização de produção e gerenciamento de reservatórios

Magnolia implementa estratégias sofisticadas de gerenciamento de reservatórios:

Métrica de otimização	2023 desempenho
Despesas operacionais	US $ 6,50 a US $ 7,50 por barril de petróleo equivalente
Taxa de recuperação	35-40% do potencial total do reservatório
Gasto de capital	US $ 350 a US $ 400 milhões anualmente

Alocação de capital e estratégia de investimento

Áreas de foco de investimento para óleo de magnólia & Gas Corporation:

• Crescimento orgânico através da perfuração: 60-65% do orçamento de capital
• Melhorias de tecnologia e eficiência: 15-20% do orçamento de capital
• Redução da dívida e retornos dos acionistas: 15-25% do orçamento de capital

Iniciativas de conformidade ambiental e sustentabilidade

Os compromissos ambientais da Magnolia incluem:

Métrica de sustentabilidade	2023 desempenho
Redução de emissões de metano	Medição de redução de 20-25% até 2025
Taxa de reciclagem de água	60-65% da água produzida
Intensidade do carbono	15-20 kg CO2E por barril de petróleo equivalente

Óleo de Magnólia & Gas Corporation (MGY) - Modelo de Negócios: Recursos Principais

Área de área significativa na região de Eagle Ford Shale

A partir do quarto trimestre 2023, Oil Magnolia Oil & A Gas Corporation detém 72.000 acres líquidos na região do xisto Eagle Ford, localizado no sul do Texas.

Localização	Líquido acres	Produção estimada
Eagle Ford Shale	72,000	Aproximadamente 85.000 BOE/dia

Equipamento avançado de perfuração e extração

O portfólio de equipamentos da Magnolia inclui:

• 12 plataformas de perfuração modernas
• Tecnologia avançada de perfuração horizontal
• Sistemas de fraturamento hidráulico proprietários

Equipe de gerenciamento experiente

Composição da equipe de gerenciamento:

Posição	Anos de experiência no setor
CEO	Mais de 25 anos
Diretor Financeiro	Mais de 20 anos
COO	Mais de 22 anos

Balanço Financeiro Forte

Métricas financeiras em 31 de dezembro de 2023:

• Receita total: US $ 1,8 bilhão
• Resultado líquido: US $ 412 milhões
• Caixa e equivalentes em dinheiro: US $ 325 milhões
• Dívida total: US $ 687 milhões

Capacidades tecnológicas para extração eficiente de hidrocarbonetos

Os investimentos em tecnologia incluem:

• Modelagem do reservatório movido a IA
• Sistemas de otimização de perfuração em tempo real
• Tecnologia avançada de imagem sísmica

Tecnologia	Investimento anual	Melhoria de eficiência
Modelagem do reservatório da IA	US $ 18 milhões	12% de eficiência da produção
Imagem sísmica	US $ 22 milhões	15% de precisão de exploração

Óleo de Magnólia & Gas Corporation (MGY) - Modelo de Negócios: Proposições de Valor

Produção de petróleo e gás de alta eficiência e baixo custo

A partir do quarto trimestre 2023, Oil Magnolia Oil & A Gas Corporation demonstrou eficiência de produção com:

• Produção média de 92.000 barris de petróleo equivalente por dia (BOE/D)
• Custos operacionais de US $ 6,50 por boe
• Custos de encontro e desenvolvimento de US $ 18,50 por Boe

Métrica	2023 desempenho
Eficiência de produção	92.000 BOE/D.
Custo operacional	$ 6,50/BOE
Custos de F&D	$ 18,50/boe

Operações sustentáveis ​​e ambientalmente responsáveis

Métricas de desempenho ambiental:

• Redução de emissões de metano: 35% desde 2019
• Intensidade do carbono: 15,3 kg CO2E/BOE
• Taxa de reciclagem de água: 62%

Retornos competitivos para os acionistas

Destaques de desempenho financeiro:

• 2023 Fluxo de caixa livre: US $ 587 milhões
• Retorno sobre o capital empregado (RocE): 22,4%
• Rendimento de dividendos: 2,3%

Estratégia de produção adaptável

Indicadores de flexibilidade de produção:

Parâmetro estratégico	2023 valor
Área da bacia do Permiano	125.000 acres líquidos
Locais de perfuração	500+ Locais premium identificados
Price Breakeven Price	US $ 40 por barril

Inovação tecnológica na exploração

Métricas de investimento em tecnologia:

• Gastos de P&D: US $ 42 milhões em 2023
• Implantação avançada de imagem sísmica: 75% do portfólio de exploração
• Integração de inteligência artificial: 4 processos de exploração -chave

Óleo de Magnólia & Gas Corporation (MGY) - Modelo de Negócios: Relacionamentos do Cliente

O fornecimento de longo prazo contrata consumidores de energia

A partir do quarto trimestre 2023, Oil Magnolia Oil & A Gas Corporation mantém 17 contratos de fornecimento de longo prazo com consumidores de energia na bacia do Permiano. Valor total do contrato: US $ 872,6 milhões, com uma duração média do contrato de 7,3 anos.

Tipo de contrato	Número de contratos	Valor total	Duração média
Suprimento de gás natural	9	US $ 456,3 milhões	6,8 anos
Suprimento de petróleo bruto	8	US $ 416,3 milhões	7,9 anos

Comunicação transparente com investidores e acionistas

Métricas de comunicação para investidores para 2023:

• Chamadas de ganhos trimestrais: 4
• Apresentações de investidores: 12
• Atenção anual da reunião de acionistas: 87% da taxa de participação
• Visitas ao site de relações com investidores: 214.000 visitantes únicos

Plataformas digitais para relações com investidores

Estatísticas de engajamento digital para 2023:

Plataforma	Seguidores/assinantes	Taxa de engajamento
LinkedIn	37,500	4.2%
Twitter	22,300	3.7%
Site de Relações com Investidores	N / D	Taxa de interação de 6,5%

Envolvimento responsivo do cliente em mercados de energia

Métricas de desempenho de atendimento ao cliente para 2023:

• Tempo médio de resposta às consultas do cliente: 2,3 horas
• Classificação de satisfação do cliente: 92%
• Interações totais de suporte ao cliente: 18.600

Compromisso com a governança ambiental e social

Indicadores de desempenho ESG para 2023:

Esg métrica	Valor de desempenho
Redução de emissão de carbono	Redução de 22% de 2022 linha de base
Investimento comunitário	US $ 3,2 milhões
Transparência de relatórios de sustentabilidade	Classificação A da MSCI

Óleo de Magnólia & Gas Corporation (MGY) - Modelo de Negócios: Canais

Vendas diretas para mercados de energia

Óleo de Magnólia & A Gas Corporation executou canais de vendas diretas através dos seguintes mecanismos:

Canal de vendas	Volume (2023)	Impacto de receita
Produção da bacia do Permiano	47.500 barris por dia	Receita anual de US $ 682 milhões
Vendas de xisto de águia ford	32.000 barris por dia	Receita anual de US $ 463 milhões

Comunicações institucionais de investidores

As estratégias de comunicação dos investidores incluem:

• Ligações trimestrais com 98 investidores institucionais
• Reuniões anuais de acionistas
• Apresentações detalhadas dos investidores

Plataformas de relações com investidores digitais

Plataforma	Métricas de engajamento	Alcance do investidor
Site corporativo	126.000 visitantes anuais	85% de investidores institucionais
Portal de Relações com Investidores	42.000 sessões únicas	72% de analistas financeiros

Redes de negociação de energia

Dis especificações do canal de negociação:

• Ativo na plataforma de negociação de nymex
• Volume de negociação diária: 75.000-85.000 contratos de petróleo bruto
• Valor médio do contrato: US $ 4,2 milhões por dia

Apresentações da conferência financeira

Conferência	Ano de participação	Interações do investidor
J.P. Morgan Energy Conference	2023	47 reuniões individuais
Simpósio de Energia Goldman Sachs	2023	39 discussões institucionais de investidores

Óleo de Magnólia & Gas Corporation (MGY) - Modelo de Negócios: Segmentos de Clientes

Investidores institucionais de energia

A partir do quarto trimestre 2023, Oil Magnolia Oil & A Gas Corporation atraiu o seguinte investidor institucional profile:

Tipo de investidor	Porcentagem de propriedade	Volume de investimento
Fundos mútuos	42.3%	US $ 1,2 bilhão
Fundos de pensão	23.7%	US $ 680 milhões
Empresas de private equity	18.5%	US $ 530 milhões

Consumidores de energia industrial em larga escala

Os principais clientes de energia industrial da Magnolia incluem:

• Setor de manufatura: 38% do total de vendas de energia
• Operações de mineração: 22% do total de vendas de energia
• Indústria aeroespacial: 15% do total de vendas de energia

Empresas de serviços públicos

Apartação atual do cliente da empresa de serviços públicos:

Região	Número de clientes de serviços públicos	Fornecimento anual de energia
Texas	17	3,2 milhões de MWh
Louisiana	9	1,8 milhão de MWh

Fabricantes petroquímicos

Distribuição petroquímica do cliente:

• Produtores de polímeros: 45% da base de clientes petroquímicos
• Fabricantes de produtos químicos especiais: 33% da base de clientes petroquímicos
• Produtores de materiais sintéticos: 22% da base de clientes petroquímicos

Mercados de energia regional e nacional

Estatísticas de penetração de mercado:

Segmento de mercado	Quota de mercado	Receita anual
Mercado Regional do Texas	18.7%	US $ 1,45 bilhão
Mercado da Costa do Golfo	12.3%	US $ 950 milhões
Mercado Nacional de Energia	6.5%	US $ 500 milhões

Óleo de Magnólia & Gas Corporation (MGY) - Modelo de Negócios: Estrutura de Custo

Despesas de exploração e perfuração

Para o ano fiscal de 2023, Oil Magnolia Oil & A Gas Corporation registrou despesas totais de exploração e perfuração de US $ 324,6 milhões. A quebra dessas despesas inclui:

Categoria de despesa	Valor ($ m)
Custos de pesquisa sísmica	78.3
Despesas de plataforma de perfuração	156.9
Análise geológica	45.2
Pessoal de exploração	44.2

Investimentos de equipamentos e tecnologia

As despesas de capital para equipamentos e tecnologia em 2023 totalizaram US $ 412,5 milhões, com a seguinte alocação:

• Equipamento avançado de perfuração: US $ 187,6 milhões
• Sistemas de monitoramento digital: US $ 95,3 milhões
• Tecnologia de otimização de produção: US $ 129,6 milhões

Mão -de -obra e sobrecarga operacional

Os custos totais de mão -de -obra e sobrecarga operacionais para 2023 foram de US $ 276,8 milhões, estruturados da seguinte forma:

Categoria de sobrecarga	Valor ($ m)
Salários dos funcionários	189.4
Benefícios e seguro	52.6
Despesas administrativas	34.8

Custos de conformidade ambiental

As despesas de conformidade ambiental para 2023 totalizaram US $ 87,3 milhões, incluindo:

• Tecnologias de redução de emissões: US $ 42,1 milhões
• Monitoramento ambiental: US $ 23,6 milhões
• Programas de conformidade regulatória: US $ 21,6 milhões

Despesas de pesquisa e desenvolvimento

Os investimentos em P&D para 2023 foram de US $ 56,4 milhões, focados em:

• Técnicas aprimoradas de recuperação de petróleo: US $ 24,7 milhões
• Integração de energia sustentável: US $ 18,9 milhões
• Pesquisa de otimização de eficiência: US $ 12,8 milhões

Estrutura de custo total para 2023: US $ 1.157,6 milhões

Óleo de Magnólia & Gas Corporation (MGY) - Modelo de negócios: fluxos de receita

Vendas de produção de petróleo

A partir do quarto trimestre 2023, Oil Magnolia Oil & A Gas Corporation relatou a produção total de petróleo de 87.000 barris por dia. O preço médio realizado no petróleo foi de US $ 73,45 por barril. A receita total do petróleo para 2023 foi de US $ 1,2 bilhão.

Métrica de produção	2023 valor
Produção diária de petróleo	87.000 barris
Preço médio do petróleo	US $ 73,45/barril
Receita total do petróleo	US $ 1,2 bilhão

Vendas de gás natural

A produção de gás natural em 2023 atingiu 370 milhões de pés cúbicos por dia. O preço do gás natural realizado teve uma média de US $ 2,85 por milhão de BTU. A receita total do gás natural foi de US $ 385 milhões.

Métrica de produção de gás	2023 valor
Produção diária de gás	370 milhões de pés cúbicos
Preço médio do gás	US $ 2,85/milhão BTU
Receita total de gás	US $ 385 milhões

Hedge e derivados financeiros

Os ganhos de hedge para 2023 totalizaram US $ 42,6 milhões. Os contratos derivativos cobriram aproximadamente 65% dos volumes de produção.

Receitas de infraestrutura do meio do meio

A infraestrutura do meio do meio gerou US $ 95,4 milhões em receita durante 2023. Isso inclui taxas de coleta, processamento e transporte.

Negociação de crédito de carbono

A receita de crédito de carbono para 2023 foi de US $ 7,2 milhões. Créditos de carbono verificados vendidos: 215.000 toneladas métricas.

Métrica de crédito de carbono	2023 valor
Receita total de crédito de carbono	US $ 7,2 milhões
Créditos de carbono vendidos	215.000 toneladas métricas

Repartição total da receita para 2023:

• Produção de petróleo: US $ 1,2 bilhão
• Vendas de gás natural: US $ 385 milhões
• Ganhos de hedge: US $ 42,6 milhões
• Infraestrutura Midstream: US $ 95,4 milhões
• Negociação de crédito de carbono: US $ 7,2 milhões

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.