Magnolia Oil & Gas Corporation
MGY
Energy
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Magnolia Oil & Gas Corporation is a pure-play upstream exploration and production company operating in the Eagle Ford Shale and Austin Chalk formations in South Texas, primarily in the Karnes and Giddings areas. Per the company's FY2024 10-K, total production averaged 89,700 BOE/d, growing to 93,100 BOE/d in Q4 2024, a 9% year-over-year increase. Total revenues for FY2024 were $1,316 million, with oil constituting 80% of revenues, natural gas 7%, and NGLs 13%. Full-year net income attributable to Class A Common Stock was $400.9 million on operating income of $512 million. The company derives 100% of its revenue from upstream fossil fuel extraction, with all operations concentrated in South Texas hydrocarbon basins and no disclosed commitments to transition away from oil and gas production.
Research Sources
1 organization
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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