Magnolia Oil & Gas (MGY) Operating Expenses (2017 - 2026)
Magnolia Oil & Gas' (MGY) quarterly Operating Expenses came in at $230.7 million in Q1 2026, up 7.59% YoY from $214.5 million in Q1 2025, and up 3.22% on a QoQ basis from $223.5 million in Q4 2025.
Magnolia Oil & Gas (MGY) Operating Expenses (2017 - 2026) Analysis & Trends
Magnolia Oil & Gas (MGY) has 10 years of Operating Expenses data on file, last reported at $230.7 million in 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 advanced to $230.7 million in Q1 2026, from $223.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $230.7 million in Q1 2026 to a low of $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 declined 2.14%.
- Tracing MGY's Operating Expenses over 5 years: stood at $151.1 million in 2022, then advanced by 22.1% to $184.5 million in 2023, then gained by 9.76% to $202.5 million in 2024, then gained by 10.37% to $223.5 million in 2025, then gained by 3.22% to $230.7 million in 2026.
- The last three Operating Expenses figures came in at $230.7 million (Q1 2026), $223.5 million (Q4 2025), and $223.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.54 Bn | 104.64 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.69 Bn | 75.78 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.88 Bn | 59.41 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.43 Bn | 45.42 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 46.18 Bn | 40.24 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.45 Bn | 35.30 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 34.10 Bn | 33.99 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.51 Bn | 26.26 Bn | - | 54.24 Mn |
| 10 | Magnolia Oil & Gas | 5.23 Bn | 4.93 Bn | 461.61 Mn | 239.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 239.31 Mn |
| 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 |