Recap: Magnolia Oil & Gas Q1 Earnings

Magnolia Oil & Gas MGY reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Magnolia Oil & Gas beat estimated earnings by 10.71%, reporting an EPS of $0.62 versus an estimate of $0.56.

Revenue was down $69.46 million from the same period last year.

Last quarter the company beat on EPS by $0.21 which was followed by a 2.46% drop in the share price the next day.

Here's a look at Magnolia Oil & Gas's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.78	1.16	1.18	0.88
EPS Actual	0.99	1.29	1.32	0.90
Revenue Estimate	362.58M	447.53M	449.56M	336.48M
Revenue Actual	349.04M	482.96M	484.65M	377.84M

To track all earnings releases for Magnolia Oil & Gas visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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