Magnolia Q1 Earnings & Revenues Beat Estimates, Expenses Increase Y/Y

Magnolia Oil & Gas Corporation (MGY) reported a first-quarter 2025 net profit of 55 cents per share, which beat the Zacks Consensus Estimate of 53 cents. The bottom line also increased from the year-ago quarter’s 49 cents. This outperformance can be attributed to a healthy increase in production volumes driven by strong well productivity in the company’s Giddings asset.The oil and gas exploration and production company’s total revenues were $350.3 million, which beat the Zacks Consensus Estimate of$342 mil ...