First Quarter 2022 Earnings Presentation May 10, 2022 Stephen Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas 1Q 2022 Highlights Generated total net income of 209 million during the 1st quarter which was 128% higher than 1Q21. GAAP diluted earnings per share of 0.90 was 143% higher than prior year levels. Adjusted EBITDAX…
First Quarter 2022 Key Financial Metrics Stronger year over year product prices combined with higher production volumes resulted in significantly improved financial metrics across the board compared to the prior-year period.…
1Q 2022 QTD Cash Flow Reconciliation (In millions) 700 28 600 49 84 500 268 400 128 300 200 367 346 100 0 (1) (2) (3) (4) (5) Cash Cash Flow Changes in Dividends D&C and Common Cash 12/31/21 from WC and Other…
Share Repurchase Summary Through 1Q 2022 Since the initial repurchase authorization in 3Q19, Magnolia has reduced its dilutive share count by 19.9(1) million shares of Class A common stock as well as 22.9 million shares of Class B…
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…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) March 31, 2022 December 31, 2021 Cash 346,396 366,982 Current assets 183,856 150,936 Property, plant and equipment, net 1,248,491 1,216,087 Other assets 15,871 12,737…
1Q 2022 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 3/31/2022 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 March 31, 2022 March 31, 2021 Revenue 58.44 21.12/boe 37.32 Increase Total Cash Operating Costs: Lease…
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…
Appendix
Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 471,000 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 March 31, 2022 March 31, 2021 Net cash provided by operating activities 238,869 118,153 Add back: net changes in operating assets and…
Adjusted EBITDAX Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended March 31, 2022 March 31, 2021 Net income 208,620 91,492 Exploration expenses 5,538 2,062 Asset retirement obligations accretion 789…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended March 31, 2022 March 31, 2021 Production: Oil (MBbls) 2,816 2,593 Natural gas (MMcf) 12,378 10,240 Natural gas liquids (MBbls) 1,586 1,304 Total…
Magnolia Oil & Gas Production Results Combined Karnes Giddings & Other Combined Karnes Giddings & Other Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Production: Oil (MBbls) 2,816 1,487 1,329 2,593 1,579…
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