Magnolia Oil & Gas (MGY) Tax Provisions (2017 - 2026)
Magnolia Oil & Gas (MGY) reported Tax Provisions of $20.9 million for Q1 2026, down 16.9% on a YoY basis from $25.1 million in Q1 2025, and up 23.97% quarter-over-quarter from $16.8 million in Q4 2025.
Magnolia Oil & Gas (MGY) Tax Provisions (2017 - 2026) Analysis & Trends
Magnolia Oil & Gas has reported Tax Provisions for 10 years, with the latest figure at $20.9 million in Q1 2026.
- For the quarter ending Q1 2026, Tax Provisions fell 16.9% year-over-year to $20.9 million; the trailing twelve-month figure through Mar 2026 stood at $75.9 million (down 24.58% YoY), and the FY2025 full-year result was $80.1 million, down 16.37% from the prior year.
- Tax Provisions for Q1 2026 stood at $20.9 million, up from $16.8 million in the prior quarter.
- The five-year high for Tax Provisions was $31.5 million in Q4 2023, with the low at -$58.7 million in Q4 2022.
- Historically, Tax Provisions has averaged $18.3 million across 5 years, with a median of $20.9 million in 2025.
- The largest YoY upside for Tax Provisions was 4436.34% in 2022 against a maximum downside of 2522.41% in 2022.
- Magnolia Oil & Gas' Tax Provisions 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 669.86 Bn | 663.92 Bn | - | - |
| 2 | Canadian Natural Resources | 393.48 Bn | 393.48 Bn | 6.72 Bn | 404.71 Mn |
| 3 | Conocophillips | 143.01 Bn | 136.64 Bn | 9.48 Bn | 1.18 Bn |
| 4 | Eog Resources | 72.59 Bn | 68.74 Bn | - | 575.00 Mn |
| 5 | Occidental Petroleum | 55.93 Bn | 52.75 Bn | 4.87 Bn | 154.00 Mn |
| 6 | Diamondback Energy | 54.41 Bn | 60.57 Bn | 4.22 Bn | 32.00 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 35.45 Bn | 34.84 Bn | 472.36 Mn | -35.82 Mn |
| 8 | Eqt | 32.44 Bn | 35.79 Bn | 2.98 Bn | 433.35 Mn |
| 9 | Vermilion Energy | 31.35 Bn | 31.16 Bn | 370.10 Mn | -73.74 Mn |
| 10 | Magnolia Oil & Gas | 5.05 Bn | 4.93 Bn | 340.30 Mn | 20.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 2.40 Mn |