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MGY| Name | Value |
|---|---|
| Revenues | 308.4M |
| Cost of Revenue | 125.8M |
| Gross Profit | 182.6M |
| Operating Expense | 39.9M |
| Operating I/L | 126.9M |
| Other Income/Expense | -0.7M |
| Interest Income | 0.5M |
| Pretax | 126.3M |
| Income Tax Expense | 19.6M |
| Net Income/Loss | 96.3M |
Magnolia Oil & Gas Corporation is engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company's properties are primarily located in Karnes County and the Giddings Field in South Texas, focusing on the Eagle Ford Shale and the Austin Chalk formation. With a significant leasehold position and a substantial number of wells, Magnolia Oil & Gas Corporation generates revenue through the extraction and sale of oil, natural gas, and natural gas liquids from its extensive reserves.
