First Quarter 2020 Earnings Presentation May 11, 2020 Stephen I. Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas First Quarter 2020 Highlights Generated 134.9 million net cash flow from operating activities and 23.3 million of free cash flow in 1Q20. Ended the first quarter of 2020 with 146.5 million of cash on the balance…
Magnolia Oil & Gas Q1 2020 Key Metrics Free Cash Flow (1) Total Production Cash Operating Costs + G&A 23.3 Million 68.4 Mboe/d (55% oil) 9.42/boe 10% Growth 14% Decrease Cash Balance at 3/31/2020 Adjusted EBITDAX (1) D&C…
Q1 2020 Cash Flow Summary ( In Millions) 350 300 15 7 69 250 118 200 94 150 100 183 146 50 0 (3) Cash Cash Flow (1) Changes in (2) Common Stock Acquisitions D&C and Cash 12/31/19 from Operations Working Capital…
Magnolia Oil & Gas Cash Operating Margin Reconciliation For the Quarter Ended For the Quarter Ended / Boe March 31, 2020 March 31, 2019 Revenue 29.15 38.93 Direct Operating Expenses Lease Operating Expenses (3.88) (3.83)…
Achieving Key Objectives Through Steady Growth Production Growth Karnes Net Acreage Additions Since Inception Magnolia has added 9,065 net acres to its Karnes position since inception, or an increase of 60%. (1) (1)…
Magnolia Oil & Gas Summary Balance Sheet (In thousands) March 31, 2020 December 31, 2019 Cash 146,492 182,633 Current assets 82,753 110,585 Property, plant and equipment, net 1,209,606 3,116,757 Other assets 51,978 56,431 Total…
1Q20 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 3/31/2020 Net Debt / Total Book Capitalization of 21%…
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 Free Cash Flow Reconciliation March 31, 2020 March 31, 2019 Net Cash provided by operating activities 134,878 116,562 Changes in…
Reconciliation of Net Income (Loss) to Adjusted EBITDAX (In thousands) For the Quarter Ended For the Quarter Ended Adjusted EBITDAX reconciliation to net income (loss): March 31, 2020 March 31, 2019 Net income (loss)(1)…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended March 31, 2020 March 31, 2019 Production: Oil (MBbls) 3,391 2,906 Natural Gas (MMcf) 10,053 9,763 NGLs (MBbls) 1,155 1,084 Total (Mboe) 6,222…
Adjusted Net Income (Loss) Reconciliation (In thousands) For the Quarter Ended For the Quarter Ended Adjusted Net Income (Loss) March 31, 2020 March 31, 2019 NET INCOME (LOSS)(1) (1,895,299) 22,713 Income tax expense (benefit)…
Adjusted Earnings (Loss) Reconciliation (In thousands, except per share data) For the Quarter Ended Per Share For the Quarter Ended Per Share March 31, 2020 Diluted EPS March 31, 2019 Diluted EPS NET INCOME (LOSS) ATTRIBUTABLE TO…
Magnolia Oil & Gas Production Results Combined Karnes Giddings & Other Combined Karnes Giddings & Other Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Production: Oil (MBbls) 3,391 2,799 592 2,906 2,442 464…
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