Magnolia Oil & Gas (MGY) Operating Margin (2017 - 2026)
Magnolia Oil & Gas (MGY) reported Operating Margin of 35.64% for Q1 2026, down 314.0% on a YoY basis from 16.65% in Q1 2025, and up 20.32% quarter-over-quarter from 29.62% in Q4 2025.
Magnolia Oil & Gas (MGY) Operating Margin (2017 - 2026) Analysis & Trends
Magnolia Oil & Gas has reported Operating Margin for 10 years, with the latest figure at 35.64% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 314.0% year-over-year to 35.64%; the trailing twelve-month figure through Mar 2026 stood at 32.66% (down 619.0% YoY), and the FY2025 full-year result was 33.48%, down 543.0% from the prior year.
- Operating Margin for Q1 2026 stood at 35.64%, up from 29.62% in the prior quarter.
- The five-year high for Operating Margin was 67.73% in Q2 2022, with the low at 29.62% in Q4 2025.
- Historically, Operating Margin has averaged 44.13% across 5 years, with a median of 39.9% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin surged 1648 bps — and 2023, when it slumped 2444 bps.
- Magnolia Oil & Gas' Operating Margin stood at 56.7% in 2022, then dropped by 25 bps to 42.8% in 2023, then decreased by 11 bps to 37.99% in 2024, then slipped by 22 bps to 29.62% in 2025, then gained by 20 bps to 35.64% in 2026.
- The last three Operating Margin figures came in at 35.64% (Q1 2026), 29.62% (Q4 2025), and 31.23% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 669.86 Bn | 663.92 Bn | - | - |
| 2 | Canadian Natural Resources | 393.48 Bn | 393.48 Bn | 6.72 Bn | 72.10% |
| 3 | Conocophillips | 143.01 Bn | 136.64 Bn | 9.48 Bn | 45.70% |
| 4 | Eog Resources | 72.59 Bn | 68.74 Bn | - | 37.54% |
| 5 | Occidental Petroleum | 55.93 Bn | 52.75 Bn | 4.87 Bn | 71.82% |
| 6 | Diamondback Energy | 54.41 Bn | 60.57 Bn | 4.22 Bn | 2.74% |
| 7 | Vista Energy, S.A.B. de C.V | 35.45 Bn | 34.84 Bn | 472.36 Mn | 24.92% |
| 8 | Eqt | 32.44 Bn | 35.79 Bn | 2.98 Bn | 60.26% |
| 9 | Vermilion Energy | 31.35 Bn | 31.16 Bn | 370.10 Mn | 71.27% |
| 10 | Magnolia Oil & Gas | 5.05 Bn | 4.93 Bn | 340.30 Mn | 35.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.64% |
| Dec 31, 2025 | 29.62% |
| Sep 30, 2025 | 31.23% |
| Jun 30, 2025 | 33.80% |
| Mar 31, 2025 | 38.77% |
| Dec 31, 2024 | 37.99% |
| Sep 30, 2024 | 38.73% |
| Jun 30, 2024 | 39.90% |
| Mar 31, 2024 | 39.00% |
| Dec 31, 2023 | 42.80% |
| Sep 30, 2023 | 46.93% |
| Jun 30, 2023 | 43.29% |
| Mar 31, 2023 | 41.16% |
| Dec 31, 2022 | 56.70% |
| Sep 30, 2022 | 64.55% |
| Jun 30, 2022 | 67.73% |
| Mar 31, 2022 | 62.43% |
| Dec 31, 2021 | 60.82% |
| Sep 30, 2021 | 60.16% |
| Jun 30, 2021 | 51.26% |