Magnolia Oil & Gas (MGY) Tax Provisions (2017 - 2026)
Magnolia Oil & Gas' (MGY) quarterly Tax Provisions came in at $20.9 million in Q1 2026, down 16.9% YoY from $25.1 million in Q1 2025, and up 23.97% on a QoQ basis from $16.8 million in Q4 2025.
Magnolia Oil & Gas (MGY) Tax Provisions (2017 - 2026) Analysis & Trends
Magnolia Oil & Gas (MGY) has 10 years of Tax Provisions data on file, last reported at $20.9 million in Q1 2026.
- Quarterly Tax Provisions fell 16.9% year-over-year to $20.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $75.9 million (down 24.58% YoY) and the FY2025 annual result came in at $80.1 million, down 16.37% from the prior year.
- Tax Provisions improved to $20.9 million in Q1 2026, from $16.8 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $31.5 million in Q4 2023 to a low of -$58.7 million in Q4 2022.
- A 5-year average of $18.3 million and a median of $20.9 million in 2025 frame the typical range for Tax Provisions.
- The widest YoY moves for Tax Provisions: up 4436.34% in 2022, down 2522.41% in 2022.
- Tracing MGY's Tax Provisions over 5 years: stood at -$58.7 million in 2022, then soared by 153.74% to $31.5 million in 2023, then retreated by 29.69% to $22.2 million in 2024, then slipped by 24.03% to $16.8 million in 2025, then climbed by 23.97% to $20.9 million in 2026.
- The last three Tax Provisions figures came in at $20.9 million (Q1 2026), $16.8 million (Q4 2025), and $17.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 2.15 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 775.70 Mn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 775.00 Mn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 580.00 Mn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 473.00 Mn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 915.00 Mn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 84.93 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 39.77 Mn |
| 10 | Magnolia Oil & Gas | 5.21 Bn | 4.91 Bn | 461.61 Mn | 50.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 50.63 Mn |
| Mar 31, 2026 | 20.89 Mn |
| Dec 31, 2025 | 16.85 Mn |
| Sep 30, 2025 | 17.21 Mn |
| Jun 30, 2025 | 20.94 Mn |
| Mar 31, 2025 | 25.14 Mn |
| Dec 31, 2024 | 22.18 Mn |
| Sep 30, 2024 | 26.53 Mn |
| Jun 30, 2024 | 26.77 Mn |
| Mar 31, 2024 | 20.34 Mn |
| Dec 31, 2023 | 31.55 Mn |
| Sep 30, 2023 | 31.21 Mn |
| Jun 30, 2023 | 24.85 Mn |
| Mar 31, 2023 | 19.61 Mn |
| Dec 31, 2022 | -58.70 Mn |
| Sep 30, 2022 | 19.36 Mn |
| Jun 30, 2022 | 27.88 Mn |
| Mar 31, 2022 | 18.10 Mn |
| Dec 31, 2021 | 2.42 Mn |
| Sep 30, 2021 | 3.63 Mn |