Fourth Quarter 2021 Earnings Presentation February 17, 2022 Stephen Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas 4Q and Full Year 2021 Highlights Generated total net income of 192 million and diluted earnings per share of 0.82 during 4Q21. For the full year, total adjusted net income was 580 million or 2.42 per diluted share.…
Magnolia Oil & Gas 4Q 2021 Key Metrics Adj. Net Income (1) & Adj. EPS (1) Total Production Free Cash Flow (1) 192.1 Million 69.4 Mboe/d 178.5 Million 0.82/share (3% sequential growth) (556 Million for 2021) (15% YOY growth)…
4Q 2021 QTD Cash Flow Summary (In millions) 1) Cash flow from operations before changes in working capital 2) Includes 10 MM change in working capital and 1 MM increase in capital accruals offset by 3 MM in other investing and other…
2021 Cash Flow Summary (In millions) 1) Cash flow from operations before changes in working capital 2) Includes 10 MM change in working capital and 13 MM increase in capital accruals offset by 5 million debt modification and 9 MM in…
Magnolia Oil & Gas Margin and Cost Structure For the Quarter Ended For the Quarter Ended / Boe, unless otherwise noted December 31, 2021 December 31, 2020 Revenue 52.01 24.97/boe 27.04 Increase Total Cash Operating Costs: Lease…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) December 31, 2021 December 31, 2020 Cash and cash equivalents 366,982 192,561 Other current assets 151,811 88,965 Property, plant and equipment, net 1,216,087 1,149,527…
4Q 2021 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 12/31/2021 Net Debt / Total Book Capitalization of…
Share Repurchase Summary Through 4Q 2021 Since the initial repurchase authorization in 3Q19, Magnolia has reduced its dilutive share count by 17.8(1) million shares of Class A common stock as well as 19 million shares of Class B common…
Magnolia Oil & Gas Differentiated Dividend Framework Dividend Principles Second dividend payment based on the prior years results & Secure & Sustainable Dividend is safe, and our view of long-term supported by our strong balance…
Proved Developed Reserves Detail For the Year Ended For the Year Ended (In thousands) December 31, 2021 December 31, 2020 Costs incurred: Proved property acquisition costs 12,354 49,246 Unproved properties acquisition costs 10,483…
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 For the Quarter Ended For the Quarter Ended (in thousands) December 31, 2021 December 31, 2020 Net cash provided by operating activities 260,542 79,122 Add back: Changes in operating assets and…
Adjusted EBITDAX Reconciliation For the Quarter Ended For the Quarter Ended (in thousands) December 31, 2021 December 31, 2020 Net income 192,145 42,012 Exploration expenses 1,685 3,744 Asset retirement obligations accretion 864…
Adjusted Net Income Reconciliation For the Quarter Ended For the Quarter Ended (in thousands) December 31, 2021 December 31, 2020 Net income 192,145 42,012 Adjustments: Impairment of unproved properties (1) - 2,370 Unrealized…
Adjusted Earnings Reconciliation For the Quarter Per Share For the Quarter Per Share (in thousands) Ended Diluted Ended Diluted December 31, 2021 EPS December 31, 2020 EPS Net income attributable to Class A Common Stock 150,229 0.82…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended December 31, 2021 December 31, 2020 Production: Oil (MBbls) 2,844 2,646 Natural gas (MMcf) 11,820 10,168 Natural gas liquids (MBbls) 1,572 1,237…
Magnolia Oil & Gas Production Results Combined Karnes Giddings & Other Combined Karnes Giddings & Other Three Months Ended December 31, 2021 Three Months Ended December 31, 2020 Production: Oil (MBbls) 2,844 1,740 1,104 2,646…
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…
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