Magnolia Oil & Gas (MGY) Operating Margin (2017 - 2026)
Magnolia Oil & Gas (MGY) posted Operating Margin of 35.64% for Q1 2026, up 20.32% on a QoQ basis from 29.62% in Q4 2025, and down 314.0% year-over-year from 16.65% in Q1 2025.
Magnolia Oil & Gas (MGY) Operating Margin (2017 - 2026) Analysis & Trends
Magnolia Oil & Gas' Operating Margin history runs 10 years deep, the most recent figure standing at 35.64% for Q1 2026.
- Quarterly Operating Margin fell 314.0% year-over-year to 35.64% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 32.66% (down 619.0% YoY) and the FY2025 annual result came in at 33.48%, down 543.0% from the prior year.
- Operating Margin was 35.64% for Q1 2026 at Magnolia Oil & Gas, up from 29.62% in the prior quarter.
- Across five years, Operating Margin topped out at 67.73% in Q2 2022 and bottomed at 29.62% in Q4 2025.
- A 5-year average of 44.13% and a median of 39.9% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin surged 1648 bps — and 2023, when it sank 2444 bps.
- Magnolia Oil & Gas' Operating Margin stood at 56.7% in 2022, then fell by 25 bps to 42.8% in 2023, then dropped by 11 bps to 37.99% in 2024, then declined by 22 bps to 29.62% in 2025, then climbed by 20 bps to 35.64% in 2026.
- Business Quant data shows MGY's Operating Margin at 35.64% in Q1 2026, 29.62% in Q4 2025, and 31.23% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 45.70% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 37.54% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 2.74% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 0.36% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 21.77% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 76.99% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.68% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 34.82% |
| 10 | Magnolia Oil & Gas | 4.41 Bn | 4.29 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% |