Magnolia Oil & Gas Third Quarter 2022 Earnings Presentation November 2, 2022
Third Quarter 2022 Key Financial Metrics Record production volumes combined with higher year-over-year product prices resulted in significantly better financial metrics compared to the prior year period. Based on strong well results…
Share Repurchase Summary Through 3Q 2022 Since the initial repurchase authorization in 3Q19, Magnolia has reduced its dilutive share count by 25.0(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) September 30, 2022 December 31, 2021 Cash 689,539 366,982 Current assets 209,421 150,936 Property, plant and equipment, net 1,374,849 1,216,087 Other assets 26,827…
3Q 2022 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 9/30/2022 Currently have a net cash position of 290…
Magnolia Oil & Gas Margin and Cost Structure For the Quarter Ended For the Quarter Ended / Boe, unless otherwise noted September 30, 2022 September 30, 2021 Revenue 64.40 18.43/boe 45.97 Total Cash Operating Costs: Lease Operating…
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 Reconciliation September 30, 2022 September 30, 2021 Net cash provided by operating activities 410,681 221,904 Add back:…
Adjusted EBITDAX Reconciliations (in thousands) For the Quarter Ended For the Quarter Ended Adjusted EBITDAX reconciliation to net income September 30, 2022 September 30, 2021 Net income 286,963 159,907 Exploration expenses…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended September 30, 2022 September 30, 2021 Production: Oil (MBbls) 3,381 2,851 Natural gas (MMcf) 13,364 11,429 Natural gas liquids (MBbls) 1,892 1,444…
Magnolia Oil & Gas Production Results Giddings & Giddings & Combined Karnes Combined Karnes Other Other For the Quarter Ended September 30, 2022 For the Quarter Ended September 30, 2021 Production: Oil (MBbls) 3,381 1,828 1,553…
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