Magnolia Oil & Gas (MGY) Operating Expenses (2017 - 2026)

Magnolia Oil & Gas (MGY) posted Operating Expenses of $230.7 million for Q1 2026, up 3.22% on a QoQ basis from $223.5 million in Q4 2025, and up 7.59% year-over-year from $214.5 million in Q1 2025.

Magnolia Oil & Gas (MGY) Operating Expenses (2017 - 2026) Analysis & Trends

Magnolia Oil & Gas' Operating Expenses history runs 10 years deep, the most recent figure standing at $230.7 million for Q1 2026.

  • Quarterly Operating Expenses rose 7.59% year-over-year to $230.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $888.9 million (up 7.94% YoY) and the FY2025 annual result came in at $872.7 million, up 8.55% from the prior year.
  • Operating Expenses was $230.7 million for Q1 2026 at Magnolia Oil & Gas, up from $223.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $230.7 million in Q1 2026 and bottomed at $142.0 million in Q1 2022.
  • A 5-year average of $189.4 million and a median of $194.9 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 50.78% — and 2023, when it decreased 2.14%.
  • Magnolia Oil & Gas' Operating Expenses stood at $151.1 million in 2022, then grew by 22.1% to $184.5 million in 2023, then climbed by 9.76% to $202.5 million in 2024, then climbed by 10.37% to $223.5 million in 2025, then climbed by 3.22% to $230.7 million in 2026.
  • Business Quant data shows MGY's Operating Expenses at $230.7 million in Q1 2026, $223.5 million in Q4 2025, and $223.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.28 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 4.32 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 4.12 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 4.86 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 60.22 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 54.49 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 3.64 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 2.87 Bn
10 Magnolia Oil & Gas 4.41 Bn 4.29 Bn 340.30 Mn 230.75 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 230.75 Mn
Dec 31, 2025 223.55 Mn
Sep 30, 2025 223.47 Mn
Jun 30, 2025 211.17 Mn
Mar 31, 2025 214.48 Mn
Dec 31, 2024 202.54 Mn
Sep 30, 2024 204.12 Mn
Jun 30, 2024 202.37 Mn
Mar 31, 2024 194.86 Mn
Dec 31, 2023 184.54 Mn
Sep 30, 2023 167.55 Mn
Jun 30, 2023 158.96 Mn
Mar 31, 2023 181.45 Mn
Dec 31, 2022 151.14 Mn
Sep 30, 2022 171.21 Mn
Jun 30, 2022 156.39 Mn
Mar 31, 2022 141.97 Mn
Dec 31, 2021 130.14 Mn
Sep 30, 2021 113.55 Mn
Jun 30, 2021 122.86 Mn