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Magnolia Oil & Gas (MGY) Revenue & Revenue Breakdown

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Magnolia Oil & Gas Revenue Highlights

Latest Revenue (Y)

$1.23B

Latest Revenue (Q)

$333.13M

Main Segment (Y)

Oil and Condensate

Magnolia Oil & Gas Revenue by Period

Magnolia Oil & Gas Revenue by Year

DateRevenueChange
2023-12-31$1.23B-27.59%
2022-12-31$1.69B57.14%
2021-12-31$1.08B101.75%
2020-12-31$534.51M-42.90%
2019-12-31$936.14M6.09%
2018-12-31$882.40M118.85%
2017-12-31$403.19M263.48%
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

DateRevenueChange
2024-09-30$333.13M-1.07%
2024-06-30$336.73M5.42%
2024-03-31$319.42M-1.00%
2023-12-31$322.63M2.20%
2023-09-30$315.68M12.63%
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$484.65M28.27%
2022-03-31$377.84M13.75%
2021-12-31$332.15M17.13%
2021-09-30$283.58M13.10%
2021-06-30$250.73M20.74%
2021-03-31$207.66M39.15%
2020-12-31$149.24M23.27%
2020-09-30$121.07M46.15%
2020-06-30$82.84M-54.32%
2020-03-31$181.37M-21.05%
2019-12-31$229.71M-6.16%
2019-09-30$244.80M0.76%
2019-06-30$242.96M11.11%
2019-03-31$218.67M-14.26%
2018-12-31$255.06M43.16%
2018-09-30$178.16M-10.91%
2018-06-30$199.99M16.06%
2018-03-31$172.31M37.87%
2017-12-31$124.98M44.29%
2017-09-30$86.61M100.00%
2017-06-30--

Magnolia Oil & Gas generated $333.13M in revenue during Q3 2024, up -1.07% compared to the previous quarter, and up 118.85% 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/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Oil and Condensate$958.39M$1.16B$747.90M$417.89M$771.98M
Natural Gas Liquids$166.54M$234.99M$157.81M$49.37M$70.42M
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/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Oil and Condensate$265.68M$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
Natural Gas$22.21M$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
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

Magnolia Oil & Gas's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Oil and Condensate (92.29%), and Natural Gas (7.71%).

Magnolia Oil & Gas Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
HESHess$10.70B$3.28B
MROMarathon Oil$6.41B$1.79B
CHRDChord Energy$3.90B$1.45B
CIVICivitas Resources$3.48B$1.27B
PRPermian Resources$3.12B$1.22B
MTDRMatador Resources Company$2.82B$894.07M
RRCRange Resources$2.55B$615.03M
SMSM Energy Company$2.36B$643.61M
CRKComstock Resources$1.57B$253.63M
VTLEVital Energy$1.55B$459.23M
MGYMagnolia Oil & Gas$1.23B$333.13M

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 Q3 2024 was $333.14M, a -1.07% decrease from the previous quarter (Q2 2024), and a 5.53% increase year-over-year (Q3 2023). The company'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). MGY'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).

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 Oil and Condensate, Natural Gas Liquids, and Natural Gas. 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 Liquids generated $166.54M in revenue, accounting 13.57% of the company's total revenue, down -29.13% 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.