Fourth Quarter 2019 Earnings Presentation February 19, 2020 Stephen I. Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas 2019 Highlights Total D&C capital for 2019 was 60% of our EBITDAX and in line with our business model prioritizing free cash flow generation Generated 647.6 million net cash flow from operating activities and 223…
Magnolia Oil & Gas Q4 2019 Key Metrics Net Income, Earnings and EPS (GAAP) (1) Total Production CFO and Free Cash Flow (2) 13.6 Million 68.3 Mboe/d (52% oil) 159.0 Million 8.1 Million 10% YOY Growth 92.7 Million 0.05 Per Share…
Q4 2019 Cash Flow Summary ( In Millions) 350 4 300 70 250 163 70 200 150 100 183 164 50 0 Cash Cash Flow Changes in Common Stock D&C and Facilities Cash 9/30/19 from Operations(1) Working Capital Repurchases (2)…
Magnolia Oil & Gas Share Count Summary A summary of Magnolias overall share count is shown in the graph below: Class A Share Breakdown (171.3 MM Shares) (1) Since the companys inception, we have repurchased 7 million shares,…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) December 31, 2019 December 31, 2018 Cash 182,633 135,758 Current assets 110,585 156,601 Property, plant and equipment, net 3,116,757 3,073,204 Other assets 56,431 67,960…
Magnolia Oil & Gas Margins For the Quarter Ended For the Quarter Ended For the Year Ended / Boe, unless otherwise noted December 31, 2019 December 31, 2018 December 31, 2019 Revenue 36.54 44.75 38.38 Less: Lease Operating Expenses…
2019 Proved Reserves & Costs Incurred For the Year Ended ( in thousands) December 31, 2019 Costs incurred: Proved property acquisition costs 106,489 Unproved properties acquistions costs 29,208 Total acquisition costs 135,697…
2019 Cash Flow Summary ( In Millions) 900 11 800 79 700 86 600 500 658 400 435 300 200 100 183 136 0 (3) Cash Cash Flow Changes in Common Stock Acquisitions D&C and Cash (1) 1/1/2019 From Operations Working Capital…
Achieving Key Objectives Through Steady Growth Production Growth Karnes Net Acreage Additions Since Inception Magnolia has added 7,600 net acres to its Karnes position since inception and 5,200 net acres during 2019. (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…
Reconciliation of Free Cash Flow (in thousands) For the Quarter Ended For the Quarter Ended For the Year Ended Free Cash Flow Reconciliation December 31, 2019 December 31, 2018 December 31, 2019 Net Cash provided by operating…
Reconciliation of Net Income to Adjusted EBITDAX (in thousands) For the Quarter Ended For the Quarter Ended For the Year Ended Adjusted EBITDAX reconciliation to net income: December 31, 2019 December 31, 2018 December 31, 2019…
Adjusted Net Income Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended For the Year Ended Adjusted Net Income December 31, 2019 December 31, 2018 December 31, 2019 Net income(1) 13,631 57,808 85,005…
Adjusted Earnings Reconciliation (in thousands) For the Quarter Ended Per Share For the Quarter Ended Per Share For the Year Ended Per Share December 31, 2019 Diluted EPS December 31, 2018 Diluted EPS December 31, 2019 Diluted EPS Net…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended For the Year Ended December 31, 2019 December 31, 2018 December 31, 2019 Production: Oil (MBbls) 3,251 3,054 12,867 Natural Gas (MMcf) 10,689 8,795…
Magnolia Oil & Gas Production Results Combined Karnes Giddings & Other Combined Karnes Giddings & Other Three Months Ended December 31, 2019 Three Months Ended December 31, 2018 Production: Oil (MBbls) 3,251 2,740 511 3,054 2,564…
Cash Flow Summary from Inception ( In Millions) 1,200 5 28 79 1,000 59% of 233 OCF 800 600 979 577 400 58% Increase 200 183 116 0 (2) (3) (4) Opening cash Cash flow from Changes in Other Common Stock…
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