Magnolia Oil & Gas Fourth Quarter 2022 Earnings Presentation February 15, 2023 Christopher Stavros President & CEO Brian Corales Senior Vice President & CFO Jim Johnson Vice President, Finance, IR & Treasurer
Fourth Quarter and Full Year 2022 Key Financial Metrics Strong organic production combined with improved product pricing resulted in substantially improved financial metrics across the board Giddings weighted activity program…
Share Repurchase Summary Through 4Q 2022 Since the initial repurchase authorization in 3Q19, Magnolia has reduced its dilutive share count by 25.4(1) million shares of Class A common stock as well as 26.9 million shares of Class B…
Magnolia Oil & Gas Differentiated Dividend Framework Dividend Principles 15% Increase Secure & Sustainable Dividend is safe, and supported by our strong balance sheet, prudent spending and 43% Increase consistent free cash flow…
Magnolia Oil & Gas Summary Balance Sheets (in thousands) December 31, 2022 December 31, 2021 Cash 675,441 366,982 Current assets 175,306 150,936 Property, plant and equipment, net 1,533,029 1,216,087 Other assets 188,809…
4Q 2022 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 12/31/2022 Currently have a net cash position of…
Magnolia Oil & Gas Margin and Cost Structure / Boe, unless otherwise noted For the Quarters Ended For the Years Ended December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Revenue 51.42 52.01 61.60 44.75 Total cash…
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 482,000 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 Quarters Ended For the Years Ended Free Cash Flow Reconciliation December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Net cash provided by operating…
Adjusted EBITDAX Reconciliations (in thousands) For the Quarters Ended For the Years Ended Adjusted EBITDAX reconciliation to net income: December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Net income 254,762…
Adjusted Net Income Reconciliation (in thousands) For the Quarters Ended For the Years Ended Adjusted Net Income December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Net income 254,762 192,145 1,050,249 559,716…
Magnolia Oil & Gas Operating Highlights For the Quarters Ended For the Years Ended December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Production: Oil (MBbls) 2,972 2,844 12,189 11,190 Natural gas (MMcf) 12,455…
Magnolia Oil & Gas Production Results Giddings & Giddings & Combined Karnes Combined Karnes Other Other For the Quarter Ended December 31, 2022 For the Quarter Ended December 31, 2021 Production: Oil (MBbls) 2,972 1,585 1,387 2,844…
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