Magnolia Oil & Gas (MGY) Revenue & Revenue Breakdown
Magnolia Oil & Gas Revenue Highlights
Latest Revenue (Y)
$1.23B
Latest Revenue (Q)
$336.73M
Main Segment (Y)
Oil and Condensate
Magnolia Oil & Gas Revenue by Period
Magnolia Oil & Gas Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.23B | -27.59% |
| 2022-12-31 | $1.69B | 57.14% |
| 2021-12-31 | $1.08B | 101.75% |
| 2020-12-31 | $534.51M | -42.90% |
| 2019-12-31 | $936.14M | 6.09% |
| 2018-12-31 | $882.40M | 118.85% |
| 2017-12-31 | $403.19M | 263.48% |
| 2016-12-31 | $110.93M | - |
Magnolia Oil & Gas generated $1.23B in revenue during NA 2023, up -27.59% compared to the previous quarter, and up 139.05% compared to the same period a year ago.
Magnolia Oil & Gas Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $336.73M | 5.42% |
| 2024-03-31 | $319.42M | -1.00% |
| 2023-12-31 | $322.63M | 2.20% |
| 2023-09-30 | $315.68M | 12.63% |
| 2023-06-30 | $280.29M | -9.11% |
| 2023-03-31 | $308.38M | -11.65% |
| 2022-12-31 | $349.04M | -27.73% |
| 2022-09-30 | $482.96M | -0.35% |
| 2022-06-30 | $484.65M | 28.27% |
| 2022-03-31 | $377.84M | 13.75% |
| 2021-12-31 | $332.15M | 17.13% |
| 2021-09-30 | $283.58M | 13.10% |
| 2021-06-30 | $250.73M | 20.74% |
| 2021-03-31 | $207.66M | 39.15% |
| 2020-12-31 | $149.24M | 23.27% |
| 2020-09-30 | $121.07M | 46.15% |
| 2020-06-30 | $82.84M | -54.32% |
| 2020-03-31 | $181.37M | -21.05% |
| 2019-12-31 | $229.71M | -6.16% |
| 2019-09-30 | $244.80M | 0.76% |
| 2019-06-30 | $242.96M | 11.11% |
| 2019-03-31 | $218.67M | -14.26% |
| 2018-12-31 | $255.06M | -0.15% |
| 2018-09-30 | $255.44M | 100.00% |
| 2018-06-30 | - | 100.00% |
| 2018-03-31 | - | -100.00% |
| 2017-12-31 | $124.98M | 100.00% |
| 2017-09-30 | - | 100.00% |
| 2017-06-30 | - | - |
Magnolia Oil & Gas generated $336.73M in revenue during Q2 2024, up 5.42% compared to the previous quarter, and up 109.19% compared to the same period a year ago.
Magnolia Oil & Gas Revenue Breakdown
Magnolia Oil & Gas Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Natural Gas Liquids | $166.54M | $234.99M | $157.81M | $49.37M | $70.42M |
| Oil and Condensate | $958.39M | $1.16B | $747.90M | $417.89M | $771.98M |
| Natural Gas | $102.05M | $301.49M | $172.65M | $67.25M | $93.75M |
Magnolia Oil & Gas's latest annual revenue breakdown by segment (product or service), as of Dec 23: Oil and Condensate (78.11%), Natural Gas Liquids (13.57%), and Natural Gas (8.32%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Natural Gas | $18.57M | $21.09M | $26.37M | $27.07M | $20.85M | $27.77M | $59.45M | $100.12M | $85.34M | $56.58M | $62.46M | $42.83M | $32.59M | $34.76M | $23.01M | $14.89M | $13.17M | $16.18M | $22.54M | $21.24M |
| Oil and Condensate | $275.33M | $259.18M | $252.53M | $243.59M | $223.15M | $239.12M | $245.30M | $317.24M | $332.79M | $262.67M | $218.25M | $195.13M | $188.10M | $146.41M | $106.74M | $95.68M | $60.79M | $154.69M | $187.97M | $207.84M |
| Natural Gas Liquids | - | $39.14M | $43.73M | $45.02M | $36.30M | $41.49M | $44.29M | $65.60M | $66.51M | $58.59M | $55.67M | $45.62M | $30.04M | $26.49M | $19.49M | $10.49M | $8.88M | $10.50M | $19.20M | $15.72M |
Magnolia Oil & Gas's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Oil and Condensate (93.68%), and Natural Gas (6.32%).
Magnolia Oil & Gas Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| HES | Hess | $10.70B | $3.20B |
| MRO | Marathon Oil | $6.41B | $1.71B |
| CHRD | Chord Energy | $3.90B | $1.26B |
| CIVI | Civitas Resources | $3.48B | $1.31B |
| PR | Permian Resources | $3.12B | $1.25B |
| MTDR | Matador Resources | $2.82B | $855.20M |
| RRC | Range Resources | $2.55B | $513.24M |
| SM | SM Energy | $2.36B | $634.55M |
| CRK | Comstock Resources | $1.57B | $186.28M |
| VTLE | Vital Energy | $1.55B | $476.37M |
| MGY | Magnolia Oil & Gas | $1.23B | $336.73M |
MGY Revenue FAQ
What is Magnolia Oil & Gas’s yearly revenue?
Magnolia Oil & Gas's yearly revenue for 2023 was $1.23B, representing a decrease of -27.59% compared to 2022. The company's yearly revenue for 2022 was $1.69B, representing an increase of 57.14% compared to 2021. MGY's yearly revenue for 2021 was $1.08B, representing an increase of 101.75% compared to 2020.
What is Magnolia Oil & Gas’s quarterly revenue?
Magnolia Oil & Gas's quarterly revenue for Q2 2024 was $336.72M, a 5.42% increase from the previous quarter (Q1 2024), and a 20.13% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $319.42M, a -1.00% decrease from the previous quarter (Q4 2023), and a 3.58% increase year-over-year (Q1 2023). MGY's quarterly revenue for Q4 2023 was $322.63M, a 2.20% increase from the previous quarter (Q3 2023), and a -7.57% decrease year-over-year (Q4 2022).
What is Magnolia Oil & Gas’s revenue growth rate?
Magnolia Oil & Gas's revenue growth rate for the last 3 years (2021-2023) was 13.78%, and for the last 5 years (2019-2023) was 31.07%.
What are Magnolia Oil & Gas’s revenue streams?
Magnolia Oil & Gas's revenue streams in c 23 are Natural Gas Liquids, Oil and Condensate, and Natural Gas. Natural Gas Liquids generated $166.54M in revenue, accounting 13.57% of the company's total revenue, down -29.13% year-over-year. Oil and Condensate generated $958.39M in revenue, accounting 78.11% of the company's total revenue, down -17.24% year-over-year. Natural Gas generated $102.05M in revenue, accounting 8.32% of the company's total revenue, down -66.15% year-over-year.
What is Magnolia Oil & Gas’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Magnolia Oil & Gas was Oil and Condensate. This segment made a revenue of $958.39M, representing 78.11% of the company's total revenue.