Magnolia Oil & Gas (MGY) Operating Margin (2017 - 2026)
Magnolia Oil & Gas' (MGY) quarterly Operating Margin came in at 35.64% in Q1 2026, down 314.0% YoY from 16.65% in Q1 2025, and up 20.32% on a QoQ basis from 29.62% in Q4 2025.
Magnolia Oil & Gas (MGY) Operating Margin (2017 - 2026) Analysis & Trends
Magnolia Oil & Gas (MGY) has 10 years of Operating Margin data on file, last reported at 35.64% in 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 climbed to 35.64% in Q1 2026, from 29.62% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 67.73% in Q2 2022 to a low of 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 slumped 2444 bps.
- Tracing MGY's Operating Margin over 5 years: 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 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 53.17% |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 84.71% |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 40.93% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 45.16% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | 91.41% |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 32.14% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 39.52% |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 21.77% |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 77.96% |
| 10 | Magnolia Oil & Gas | 5.21 Bn | 4.91 Bn | 461.61 Mn | 50.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 50.02% |
| 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% |