First Quarter 2019 Earnings Presentation May 6, 2019 Stephen I. Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas Overview Highquality, lowrisk pureplay South Texas operator with a core 461,000 Net Acre Position Targeting Two of the Top Eagle Ford and Austin Chalk position acquired at an attractive entry Oil Plays in the U.S.…
Magnolia Oil & Gas Q1 2019 Key Metrics Earnings and EPS (GAAP) (1) Total Production Oil Realizations (2) 13.0 Million 62.4 Mboe/d 59.07/bbl (108% of WTI) 0.08/sh Adjusted Net Income & Total Shares (3)(4) Adjusted EBITDAX (3)…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended March 31, 2019 December 31, 2018 Production: Oil (MBbls) 2,906 3,054 Natural Gas (MMcf) 9,763 8,795 NGLs (MBbls) 1,084 1,179 Total (Mboe) 5,617…
Magnolia Oil & Gas Margins For the Quarter Ended For the Quarter Ended / Boe, unless otherwise noted March 31, 2019 December 31, 2018 Revenue 38.93 44.75 Less: Lease Operating Expenses (3.83) (3.46) Less: Gathering,…
Reconciliation of Net Income to Adjusted EBITDAX (in thousands) For the Quarter Ended For the Quarter Ended Adjusted EBITDAX reconciliation to net income: March 31, 2019 December 31, 2018 Net income(1) 22,713 57,808 Exploration…
Q1 2019 Cash Flow Reconciliation ( in millions) 350 4 300 38 250 52 154 200 150 128 100 136 50 76 0 (2) (3) Cash Cash Flow Other Changes in Acquisitions D&C and Cash (1) 12/31/18 from Operations Working…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) March 31, 2019 December 31, 2018 Cash 76,307 135,758 Current assets 126,938 156,601 Property, plant and equipment, net 3,168,544 3,073,204 Other assets 66,184…
Achieving Key Objectives Through Steady Growth Production Growth (1) Karnes Net Acreage Additions Since Inception (1) 70 Mboe/d 35% Q/Q Growth 62.4 61.9 58.9 After completing the acquisitions expected to close…
Inception Cash Flow Reconciliation ( in millions) 700 600 23 34 500 198 400 485 300 200 270 100 116 76 0 Opening Cash Cash Flow from Other (2) Changes in Acquisitions (3) D&C and Cash at Inception Operations After…
Adjusted Net Income Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Adjusted Net Income March 31, 2019 December 31, 2018 Net income(1) 22,713 57,808 Adjustments for certain items affecting…
Magnolia Oil & Gas Production Results Combined Karnes Giddings & Other Combined Karnes Giddings & Other Three Months Ended March 31, 2019 Three Months Ended December 31, 2018 Production: Oil (MBbls) 2,906 2,443 464 3,054 2,564…
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