Third Quarter 2021 Earnings Presentation November 2, 2021 Stephen Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas 3Q 2021 Highlights Generated total net income of 160 million or 67 cents per diluted share during 3Q21. Total production for 3Q21 increased 4% sequentially to 67.4 Mboe/d. Giddings production increased 80% from…
Magnolia Oil & Gas 3Q 2021 Key Metrics Adj. Net Income (1) & Adj. EPS (1) Total Production Giddings Production 157.9 Million 67.4 Mboe/d 36.8 Mboe/d 0.67/share (4% sequential growth) (80% YOY growth) Adjusted EBITDAX (1) D&C…
3Q 2021 QTD Cash Flow Summary (In millions) 450 6 19 400 350 68 300 211 75 250 200 150 245 100 190 50 0 (3) (4) Cash Cash Flow from Changes in WC Dividends D&C and Common Stock Cash 06/30/21 Operations (1)…
Share Repurchase Summary Through 3Q 2021 Since the initial repurchase authorization in 3Q19, Magnolia has reduced its dilutive share count by 15.1(1) million shares of Class A common stock as well as 19 million shares of Class B common…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) September 30, 2021 December 31, 2020 Cash 245,023 192,561 Current assets 131,730 88,965 Property, plant and equipment, net 1,195,875 1,149,527 Other assets 13,151 22,367…
3Q 2021 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 9/30/2021 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 September 30, 2021 June 30, 2021 Revenue 45.74 42.42 Total Cash Operating Costs: Lease Operating Expenses (1)…
Magnolia Oil & Gas Differentiated Dividend Framework Second remaining Dividend Principles dividend payment based on the prior Secure & Sustainable Dividend is safe, and years results & our supported by our strong balance sheet,…
Appendix
Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 478,000 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 September 30, 2021 September 30, 2020 Net cash provided by operating activities 221,904 65,156 Add back:…
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, 2021 September 30, 2020 Net income 159,907 13,695 Exploration…
Adjusted Net Income Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Adjusted Net Income September 30, 2021 September 30, 2020 Net income 159,907 13,695 Income tax expense (benefit) 3,631 (339) Income Before…
Adjusted Earnings Reconciliation (in thousands) For the Quarter For the Quarter Per Share Per Share Ended Ended Diluted EPS Diluted EPS September 30, 2021 September 30, 2020 Net income attributable to Class A Common Stock…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended September 30, 2021 September 30, 2020 Production: Oil (MBbls) 2,851 2,485 Natural gas (MMcf) 11,429 9,444 Natural gas liquids (MBbls) 1,444 937…
Magnolia Oil & Gas Production Results Giddings & Giddings & Combined Karnes Combined Karnes Other Other Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Production: Oil (MBbls) 2,851 1,631 1,220 2,485…
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…
Loading...
