Second Quarter 2020 Earnings Presentation August 5, 2020 Stephen Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas Second Quarter 2020 Highlights Generated adjusted EBITDAX of 40 million versus our D&C Capital of 27 million in 2Q20. Magnolia is on track to spend 60% of 2020 Adjusted EBITDAX on D&C Capital. Ended the second…
Giddings Field Appraisal to Early Stage Development MGY has identified some contiguous acreage blocks which have produced consistent results to date One of these areas comprises 70,000 acres which we have 14 wells with 180 days of…
Q2 2020 Cash Flow Summary ( In Millions) 200 5 180 160 33 34 140 28 120 100 80 146 60 117 40 20 0 Cash Cash Flow Changes in WC & D&C & Facilities Capital Cash (1) (2) (3) 3/31/20 from Operations Capital Accruals…
Magnolia Oil & Gas Q2 2020 Key Metrics Total Production Sequential Giddings Oil Production Total Adjusted Cash Cost (2) 64.1 Mboe/d (53% Oil) 6.4 Mbo/d (2Q20) vs. 8.50/boe 6.5 Mbo/d (1Q20) 29% YOY Decrease Cash Balance at…
Magnolia Oil & Gas Cost Structure Quarter Ended / Boe June 30, 2020 Lease Operating Expenses 3.14 Gathering, Transportation & Processing 1.16 Taxes Other Than Income 0.95 Exploration Expense (1) - General &…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) June 30, 2020 December 31, 2019 Cash and cash equivalents 116,850 182,633 Current assets 65,654 110,585 Property, plant and equipment, net 1,181,420 3,116,757 Other…
2Q20 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 6/30/2020 Net Debt / Total Book Capitalization of 24%…
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 Net Income (Loss) to Adjusted EBITDAX (in thousands) Quarter Ended Quarter Ended Adjusted EBITDAX reconciliation to net income: June 30, 2020 June 30, 2019 NET INCOME (LOSS) (29,391) 31,303 Exploration expense…
Magnolia Oil & Gas Cash Cost Reconciliation Quarter Ended Quarter Ended Quarter Ended / Boe June 30, 2020 March 31, 2020 June 30, 2019 Lease Operating Expenses 3.14 3.88 4.20 Gathering, Transportation & Processing 1.16 1.29…
Magnolia Oil & Gas Operating Margins Quarter Ended Quarter Ended June 30, 2020 June 30, 2019 Production: Oil (MBbls) 3,089 3,189 Natural Gas (MMcf) 9,763 10,057 NGLs (MBbls) 1,122 1,060 Total (Mboe) 5,838 5,925 Average Daily…
Adjusted Net Income (Loss) Reconciliation Quarter Ended Quarter Ended (in thousands) June 30, 2020 June 30, 2019 NET INCOME (LOSS) (29,391) 31,303 Income tax expense (benefit) (3,176) 5,145 Income (Loss) Before Income Taxes…
Adjusted Earnings (Loss) Reconciliation Quarter Ended Per Share Quarter Ended Per Share (in thousands) June 30, 2020 Diluted EPS June 30, 2019 Diluted EPS Net income attributable to Class A Common Stock (18,272) (0.11) 18,506 0.12…
Magnolia Oil & Gas Production Results Combined Karnes Giddings & Other Combined Karnes Giddings & Other Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 Production: Oil (MBbls) 3,089 2,503 586 3,189 2,797 392…
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