Fourth Quarter 2018 Earnings Presentation February 25, 2019 Stephen I. Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 456,000 Net Acre Position Targeting Two of the Top Eagle Ford and Austin Chalk position acquired at an attractive entry Oil Plays in the…
Corporate Execution of Business Model and Strategy Magnolia Value Creation Strategy 2018 and Q4 Achievements (1) 1 Consistent organic production growth Organic production growth of 5% Q/Q 2 High full-cycle operating margins…
Magnolia Oil & Gas Q4 Key Metrics Q4 2018 Earnings and EPS Q4 2018 Total Production Q4 2018 Production Guidance 33 Million or 0.21/sh 61.9 Mboe/d 59 Mboe/d 58 Million (Including NCI) Adjusted Operating Margin (/Boe, %) (1) Q4…
Magnolia Oil & Gas Focus on High Margins Successor Successor For the Quarter Ended July 31, 2018 through / Boe, unless otherwise noted December 31, 2018 December 31, 2018 Revenue 44.75 46.63 Less: Lease Operating Expenses (3.46)…
Magnolia Oil & Gas Production Results Combined Karnes Giddings Combined Karnes Giddings Three Months Ended December 31, 2018 July 31, 2018 through December 31, 2018 Production: Oil (MBbls) 3,054 2,564 490 5,078 4,309 769 Natural Gas…
Magnolia Oil & Gas Operating Highlights Successor Successor For the Quarter Ended July 31, 2018 through December 31, 2018 December 31, 2018 Production: Oil (MBbls) 3,054 5,078 Natural Gas (MMcf) 8,795 14,136 NGLs (MBbls) 1,179…
Non-GAAP Financial Measures Reconciliation of net income attributable to Class A Common Stock to adjusted earnings Our presentation of adjusted earnings and adjusted earnings per share are non-GAAP measures because they exclude the…
Reconciliation of Net Income to EBITDAX (in thousands) Successor Successor For the Quarter Ended July 31, 2018 through EBITDAX reconciliation to net income: December 31, 2018 December 31, 2018 Net income attributable to Class A…
Successor Period Cash Flow Reconciliation ( in millions) 22 142 331 147 136 116 Opening Cash Operating Cash Flow (2) Other (3) Capital Spending Acquisitions Cash After 12/31/18 (1) Transaction (1)…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) Successor Predecessor December 31, 2018 December 31, 2017 Cash 135,758 - Current assets 156,601 114,536 Property, plant and equipment, net 3,073,204 1,565,537 Other…
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