Magnolia Oil & Gas: Q4 Earnings Insights

Magnolia Oil & Gas MGY reported its Q4 earnings results on Wednesday, February 14, 2024 at 04:01 PM.

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

Magnolia Oil & Gas missed estimated earnings by 1.89%, reporting an EPS of $0.52 versus an estimate of $0.53.

Revenue was down $26.41 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 3.45% increase in the share price the next day.

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

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.54	0.42	0.56	0.78
EPS Actual	0.54	0.51	0.62	0.99
Revenue Estimate	317.67M	293.27M	326.90M	362.58M
Revenue Actual	315.68M	280.29M	308.38M	349.04M

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.