Third Quarter 2019 Earnings Presentation November 4, 2019 Stephen I. Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas 3rd Quarter 2019 Highlights Grew total Company production nearly 10% sequentially to 71.3 Mboe/d (54% oil) Karnes production grew 12% sequentially due to new wells turned in-line Oil realizations averaged 105% of…
Magnolia Oil & Gas Q3 2019 Key Metrics Earnings and EPS (GAAP) (1) Total Production Oil Realizations (2) 7.8 Million 71.3 Mboe/d (54% oil) 59.05/Bbl 0.05 Per Share 10% Sequential Growth (105% of WTI) Adj. Net Income, Adj. EPS…
Q3 2019 Cash Flow Summary ( In Millions) 300 6 4 10 250 98 200 173 150 100 164 50 97 0 (2) Cash Cash Flow Working Capital Other Common Stock D&C and Cash 6/30/19 from Operations (1) Changes Repurchases Facilities…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) September 30, 2019 December 31, 2018 Cash 164,489 135,758 Current assets 127,766 156,601 Property, plant and equipment, net 3,180,166 3,073,204 Other assets 60,712 67,960…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended September 30, 2019 June 30, 2019 Production: Oil (MBbls) 3,520 3,189 Natural Gas (MMcf) 10,763 10,057 NGLs (MBbls) 1,245 1,060 Total (Mboe) 6,559…
Magnolia Oil & Gas Margins For the Quarter Ended For the Quarter Ended / Boe, unless otherwise noted September 30, 2019 June 30, 2019 Revenue 37.32 41.01 Less: Lease Operating Expenses (3.71) (4.20) Less: Gathering, Transportation &…
Reconciliation of Net Income to Adjusted EBITDAX (in thousands) For the Quarter Ended For the Quarter Ended Adjusted EBITDAX reconciliation to net income: September 30, 2019 June 30, 2019 Net income (1) 17,357 31,303 Exploration…
Cash Flow Summary from Inception ( In Millions) 1,000 9 10 900 27 800 233 62% of OCF 700 600 816 500 400 507 300 41% Increase 200 100 164 116 0 (2) (3) Opening Cash Cash Flow from Working Capital Common Stock…
Achieving Key Objectives Through Steady Growth Production Growth Karnes Net Acreage Additions Since Inception Magnolia has added 7,500 net acres to its Karnes position, representing a 52% increase over original amount (1)…
Appendix
Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 450,000 Net Acre Position Targeting Two of the Top Eagle Ford and Austin Chalk position acquired at an attractive entry Oil Plays in the…
Adjusted Net Income Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Adjusted Net Income September 30, 2019 June 30, 2019 Net income (1) 17,357 31,303 Income tax expense 3,529 5,145 Income before income taxes…
Adjusted Earnings Reconciliation (in thousands) For the Quarter Ended Per Share Diluted For the Quarter Ended Per Share Diluted September 30, 2019 EPS June 30, 2019 EPS Net income attributable to Class A Common Stock 7,784 0.05…
Magnolia Oil & Gas Production Results Combined Karnes Giddings & Other Combined Karnes Giddings & Other Three Months Ended September 30, 2019 Three Months Ended June 30, 2019 Production: Oil (MBbls) 3,520 3,106 414 3,189 2,797…
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