Third Quarter 2020 Earnings Presentation November 5, 2020 Stephen Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas 3Q 2020 Highlights Generated adjusted EBITDAX of 76 million versus our D&C Capital of 27 million, or just 36%, during the 3rd quarter. Magnolia is on track to spend 60% of 2020 Adjusted EBITDAX on D&C Capital.…
Magnolia Oil & Gas 3Q 2020 Key Metrics Adj. Net Income (1) & Adj. EPS (1) Total Production Free Cash Flow (1) 15.6 million 54.3 Mboe/d 46 million 0.06/share (50% Oil) Adjusted EBITDAX (1) D&C Capex Cash Balance at 9/30/20 76…
3Q 2020 Cash Flow Summary ( In Millions) 200 2 180 1 4 7 160 27 69 140 120 100 80 149 60 117 40 20 0 Cash Cash Flow Changes in Other (3) Acquisitions Common D&C and Cash 6/30/20 from WC (2) Stock Facilities 9/30/20 (1)…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) September 30, 2020 December 31, 2019 Cash 148,533 182,633 Current assets 66,329 110,585 Property, plant and equipment, net 1,169,949 3,116,757 Other assets 49,468…
3Q20 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 9/30/20 Net Debt / Total Book Capitalization of 21%…
4th Quarter 2020 Guidance Total Company Production Giddings Production 7% - 10% Sequential 20% Sequential Growth Growth D&C Capex Oil Differential Activity 55% of adj. EBITDAX 3/Bbl discount to 8 Giddings TILs MEH 8
Appendix
Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 460,000 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.…
Free Cash Flow Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Free Cash Flow Reconciliation September 30, 2020 September 30, 2019 Net cash provided by operating activities 65,156 179,220 Changes in…
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, 2020 September 30, 2019 Net income 13,695 17,357 Exploration…
Adjusted Net Income Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Adjusted Net Income September 30, 2020 September 30, 2019 Net income 13,695 17,357 Income tax expense (benefit) (339) 3,529 Income Before…
Adjusted Earnings Reconciliation (in thousands) For the Quarter Ended Per Share For the Quarter Ended Per Share September 30, 2020 Diluted EPS September 30, 2019 Diluted EPS Net income attributable to Class A Common Stock 9,147 0.05…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended September 30, 2020 September 30, 2019 Production: Oil (MBbls) 2,485 3,520 Natural gas (MMcf) 9,444 10,763 Natural gas liquids (MBbls) 937 1,245…
Magnolia Oil & Gas Production Results Combined Karnes Giddings & Other Combined Karnes Giddings & Other Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Production: Oil (MBbls) 2,485 2,025 460 3,520 3,106…
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