First Quarter 2021 Earnings Presentation May 5, 2021 Stephen Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas 1Q21 Highlights Total production in the first quarter 2021 increased 3% sequentially to 62.3 Mboe/d. Production at Giddings achieved another record level in the first quarter with total volumes of 34.6 Mboe/d…
Magnolia Oil & Gas 1Q 2021 Key Metrics Adj. Net Income (1) & Adj. EPS (1) Total Production Giddings Production 93.8 million 62.3 Mboe/d 34.6 Mboe/d 0.38/share (3% sequential growth) (22% sequential growth) (45% YOY growth)…
1Q 2021 Cash Flow Summary (In Millions) 350 3 26 300 40 142 250 88 200 150 100 193 178 50 0 Cash Cash Flow Acquisitions Changes in DC&F Capital Share Cash 12/31/20 from and Other (2) WC (3) Repurchase (4)…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) March 31, 2021 December 31, 2020 Cash 178,194 192,561 Current assets 111,024 88,965 Property, plant and equipment, net 1,147,802 1,149,527 Other assets 18,828 22,367…
1Q21 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 3/31/2021 Net Debt / Total Book Capitalization of 18%…
Magnolia Oil & Gas Margin and Cost Structure For the Quarter Ended For the Quarter Ended / Boe, unless otherwise noted March 31, 2021 December 31, 2020 Revenue 37.06 26.76 Total Cash Operating Costs: Lease Operating Expenses (1)…
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…
Free Cash Flow Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Free Cash Flow Reconciliation March 31, 2021 March 31, 2020 Net cash provided by operating activities 118,153 134,878 Add back: Changes…
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, 2021 March 31, 2020 Net income (loss) 91,492…
Adjusted Net Income (Loss) Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Adjusted Net Income (Loss) March 31, 2021 March 31, 2020 Net income (loss) 91,492 (1,895,299) Income tax expense (benefit) 399…
Adjusted Earnings Reconciliation (in thousands) For the Quarter Ended Per Share For the Quarter Ended Per Share March 31, 2021 Diluted EPS March 31, 2020 Diluted EPS Net income (loss) attributable to Class A Common Stock 63,244…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended March 31, 2021 March 31, 2020 Production: Oil (MBbls) 2,593 3,391 Natural gas (MMcf) 10,240 10,053 Natural gas liquids (MBbls) 1,304 1,155 Total…
Magnolia Oil & Gas Production Results Giddings & Giddings & Combined Karnes Combined Karnes Other Other Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 Production: Oil (MBbls) 2,593 1,579 1,014 3,391 2,799 592…
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