Magnolia Oil & Gas Corp (MGY) reported $358.51 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 2.3%. EPS of $0.54 for the same period compares to $0.55 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $335.12 million, representing a surprise of +6.98%. The company delivered an EPS surprise of +5.2%, with the consensus EPS estimate being $0.51.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Magnolia Oil & Gas Corp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average daily production - Total: 102,564.00 BOE/D compared to the 102,117.00 BOE/D average estimate based on six analysts. Average daily production - Natural Gas: 193,143.00 Mcf/D compared to the 193,842.90 Mcf/D average estimate based on six analysts. Average daily production - Natural gas liquids: 29,696.00 BBL/D versus the six-analyst average estimate of 29,551.43 BBL/D. Average daily production - Oil: 40,678.00 BBL/D versus 40,047.31 BBL/D estimated by six analysts on average. Average sales prices - Natural gas: $2.98 compared to the $2.94 average estimate based on five analysts. Average sales prices - Natural gas liquids: $18.48 versus $19.51 estimated by four analysts on average. Average sales prices - Oil: $70.29 versus the four-analyst average estimate of $66.79. Total Production: 9,231.00 MBOE compared to the 9,174.52 MBOE average estimate based on two analysts. Revenues- Natural gas: $51.8 million compared to the $51.39 million average estimate based on five analysts. The reported number represents a change of +0.8% year over year. Revenues- Natural gas liquids: $49.38 million versus the four-analyst average estimate of $52.46 million. The reported number represents a year-over-year change of -7.5%. Revenues- Oil: $257.33 million versus the four-analyst average estimate of $240.83 million. The reported number represents a year-over-year change of +4.8%.View all Key Company Metrics for Magnolia Oil & Gas Corp here>>>
Shares of Magnolia Oil & Gas Corp have returned -3.4% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Magnolia Oil & Gas Corp (MGY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).