Magnolia Oil & Gas(MGY) - 2023 Q4 - Earnings Call Presentation

(1) Source: FactSet (2021 – 2023E) as of 2/9/2024. Return on capital employed (ROCE) is EBIT divided by total assets minus current liabilities. Peers include: APA, AR, CHRD, CIVI, COP, CTRA, DVN, EOG, EQT, FANG, HES, MRO, MTDR, MUR, OVV, OXY, PR, PXD, RRC, SM and SWN. ❑ Focus on cost reductions in 2023 and ongoing share repurchases has had a tangible beneficial impact on corporate returns Net Debt / EBITDA (2023E) (1) Magnolia has one of the best balance sheets in the industry -0.1 0.0 Strong Operating Marg ...