Magnolia Oil & Gas Reports Strong Q4 2025 Results

Highlights include production records, efficiency gains, and shareholder returns despite commodity price volatility.

Published on Feb. 9, 2026

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Magnolia Oil & Gas (NYSE:MGY) detailed another year of 'strong, consistent performance' during its fourth-quarter 2025 earnings call, citing higher-than-expected well results, continued cost reductions, and sustained shareholder returns despite elevated commodity-price volatility. The company set production records, improved drilling and completion efficiency, and generated significant free cash flow that it returned to shareholders through dividends and share repurchases.

Why it matters

Magnolia's results demonstrate the resilience of its capital-efficient business model in the face of commodity price swings, highlighting the company's ability to maintain production growth, operational improvements, and shareholder returns even during periods of market volatility.

The details

In the fourth quarter, Magnolia set a company production record at nearly 104,000 BOE/d and 40,700 barrels of oil per day, both up 3% sequentially. The company attributed the outperformance to stronger-than-expected well productivity earlier in 2025, which enabled it to defer some well completions into 2026 while still delivering higher production growth. Magnolia also highlighted drilling and completion efficiency gains in Giddings, including an 8% increase in average drilled feet per day and a 6% improvement in completed feet per day during 2025.

  • Magnolia reported fourth-quarter 2025 results on February 9, 2026.
  • The company's full-year 2025 adjusted EBITDA was $906 million.

The players

Magnolia Oil & Gas

An independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas, with a core operating area in the Eagle Ford Shale.

Chris Stavros

Chairman, President and CEO of Magnolia Oil & Gas.

Brian Corales

Chief Financial Officer of Magnolia Oil & Gas.

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