Second Quarter 2021 Earnings Presentation August 3, 2021 Stephen Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas 2Q 2021 Highlights Total production in the second quarter 2021 increased 4% sequentially to 64.9 Mboe/d. Oil production increased 11% sequentially. Production at Giddings was 36.2 Mboe/d increasing 55% from prior…
Magnolia Oil & Gas 2Q 2021 Key Metrics Adj. Net Income (1) & Adj. EPS (1) Total Production Giddings Production 135.0 million 64.9 Mboe/d 36.2 Mboe/d 0.56/share (4% sequential growth) (55% YOY growth) Adjusted EBITDAX (1) D&C…
2Q 2021 Cash Flow Summary (In Millions) 400 9 21 350 54 300 175 250 121 200 150 100 190 178 50 0 Cash Cash Flow Changes in Acquisitions D&C and Share Cash 3/31/21 from Working Capital Facilities Capital (3)…
Share Repurchase Summary Through 2Q 2021 Magnolia received initial authorization to repurchase up to 10 million shares of Class A common stock in Q3 2019. The Board of Directors increased the share repurchase authorization by an…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) June 30, 2021 December 31, 2020 Cash 190,282 192,561 Current assets 122,579 88,965 Property, plant and equipment, net 1,171,633 1,149,527 Other assets 13,851 22,367…
2Q 2021 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 6/30/2021 Net Debt / Total Book Capitalization of…
Magnolia Oil & Gas Margin and Cost Structure For the Quarter Ended For the Quarter Ended / boe, unless otherwise noted June 30, 2021 March 31, 2021 Revenue 42.42 37.06 Total Cash Operating Costs: Lease Operating Expenses (1) (3.70)…
2021 Consensus Estimates(1) vs 2019 Actuals Total Net Production (Mboe/d) D&C Capex / Adjusted EBITDAX (MM) 66.8 66.7 728 696 44% 280 67% 440 56% 416 33% 288 (60%) (40%) 2019 Actual 2021E Consensus 2019 Actual 2021E…
Commitment to Sustainability ENVIRONMENTAL SOCIAL GOVERNANCE Flaring Workforce Health & Safety Board Independence Flare less than 1% of our total net Both employee total recordable 71% of board members are production incident rate and…
Appendix
Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 476,000 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 June 30, 2021 March 31, 2021 Net cash provided by operating activities 187,879 118,153 Add back: Changes in operating assets and…
Reconciliation of Net Income (Loss) to Adjusted EBITDAX (in thousands) For the Quarter Ended For the Quarter Ended June 30, 2021 June 30, 2020 Net income (loss) 116,172 (29,391) Exploration expense 62 6,462 Asset retirement…
Adjusted Net Income (Loss) Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended June 30, 2021 June 30, 2020 Net income 116,172 (29,391) Income tax expense (benefit) 2,398 (3,176) Income Before Income Taxes…
Adjusted Earnings Reconciliation (in thousands) For the Quarter Ended Per Share For the Quarter Ended Per Share June 30, 2021 Diluted EPS June 30, 2020 Diluted EPS Net income (loss) attributable to Class A Common Stock 84,445 0.48…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended June 30, 2021 June 30, 2020 Production: Oil (MBbls) 2,903 3,089 Natural gas (MMcf) 9,947 9,763 Natural gas liquids (MBbls) 1,349 1,122 Total (Mboe)…
Magnolia Oil & Gas Production Results Giddings & Giddings & Combined Karnes Combined Karnes Other Other Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Production: Oil (MBbls) 2,903 1,755 1,148 3,089 2,503 586…
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