Magnolia Oil & Gas Second Quarter 2022 Earnings Presentation August 3, 2022 Stephen Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Second 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. Based…
2Q 2022 QTD Cash Flow Reconciliation (In millions) 800 21 700 102 600 123 362 500 400 300 502 200 346 100 0 (1) Cash Cash Flow Changes in (2) Common Stock (3) D&C and (4) Cash 3/31/22 from Working Capital…
Share Repurchase Summary Through 2Q 2022 Since the initial repurchase authorization in 3Q19, Magnolia has reduced its dilutive share count by 22.0(1) million shares of Class A common stock as well as 24.9 million shares of Class B…
Magnolia Oil & Gas Differentiated Dividend Framework Dividend Principles Secure & Sustainable Dividend is safe, and supported by our strong balance sheet, prudent spending and consistent free cash flow Paid out of Earnings Dividend…
Magnolia Oil & Gas Summary Balance Sheets (in thousands) June 30, 2022 December 31, 2021 Cash 501,891 366,982 Current assets 248,589 150,936 Property, plant and equipment, net 1,319,577 1,216,087 Other assets 16,733 12,737…
2Q 2022 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 6/30/2022 Currently have a net cash position of 102…
Magnolia Oil & Gas Margin and Cost Structure For the Quarter Ended For the Quarter Ended / Boe, unless otherwise noted June 30, 2022 June 30, 2021 Revenue 71.78 29.14/boe 42.64 Total Cash Operating Costs: Lease Operating Expenses…
Commitment to Sustainability ENVIRONMENTAL SOCIAL GOVERNANCE Air Emissions Workforce Health & Safety Board Independence Reduced our 2021 GHG intensity rate Have not recorded a fatal accident in 71% of board members are by 9.5%…
Appendix
Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 472,000 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 Reconciliations (in thousands) For the Quarter Ended For the Quarter Ended Free Cash Flow Reconciliations June 30, 2022 June 30, 2021 Net cash provided by operating activities 379,135 187,879 Add back: Net…
Adjusted EBITDAX Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Adjusted EBITDAX reconciliation to net income: June 30, 2022 June 30, 2021 Net income 299,905 116,172 Exploration expenses 3,408 62 Asset…
Adjusted Net Income Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Adjusted Net Income June 30, 2022 June 30, 2021 Net income 299,905 116,172 Adjustments: Service agreement transition costs (1) - 10,345…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended June 30, 2022 June 30, 2021 Production: Oil (MBbls) 3,019 2,903 Natural gas (MMcf) 12,464 9,947 Natural gas liquids (MBbls) 1,656 1,349 Total…
Magnolia Oil & Gas Production Results Giddings & Giddings & Combined Karnes Combined Karnes Other Other For the Quarter Ended June 30, 2022 For the Quarter Ended June 30, 2021 Production: Oil (MBbls) 3,019 1,656 1,363 2,903 1,755…
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