Magnolia Oil & Gas (MGY) Tax Rate (2017 - 2026)
Magnolia Oil & Gas (MGY) posted Tax Rate of 17.16% for Q1 2026, down 10.15% on a QoQ basis from 19.1% in Q4 2025, and down 191.0% year-over-year from 18.86% in Q1 2025.
Magnolia Oil & Gas (MGY) Tax Rate (2017 - 2026) Analysis & Trends
Magnolia Oil & Gas' Tax Rate history runs 10 years deep, the most recent figure standing at 17.16% for Q1 2026.
- Quarterly Tax Rate fell 191.0% year-over-year to 17.16% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 18.63% (down 122.0% YoY) and the FY2025 annual result came in at 19.2%, down 23.0% from the prior year.
- Tax Rate was 17.16% for Q1 2026 at Magnolia Oil & Gas, down from 19.1% in the prior quarter.
- Across five years, Tax Rate topped out at 21.7% in Q4 2023 and bottomed at 29.94% in Q4 2022.
- A 5-year average of 14.22% and a median of 19.07% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate plunged 3118 bps — and 2023, when it surged 5163 bps.
- Magnolia Oil & Gas' Tax Rate stood at 29.94% in 2022, then jumped by 172 bps to 21.7% in 2023, then dropped by 8 bps to 20.0% in 2024, then fell by 5 bps to 19.1% in 2025, then retreated by 10 bps to 17.16% in 2026.
- Business Quant data shows MGY's Tax Rate at 17.16% in Q1 2026, 19.1% in Q4 2025, and 18.03% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 35.09% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 22.50% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 18.18% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 57.82% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 39.49% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 23.18% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 22.15% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | -671.43% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 22.16% |
| 10 | Magnolia Oil & Gas | 4.41 Bn | 4.29 Bn | 340.30 Mn | 17.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.16% |
| Mar 31, 2026 | 17.16% |
| Mar 31, 2026 | 17.16% |
| Dec 31, 2025 | 19.10% |
| Dec 31, 2025 | 19.10% |
| Dec 31, 2025 | 19.10% |
| Sep 30, 2025 | 18.03% |
| Sep 30, 2025 | 18.03% |
| Sep 30, 2025 | 18.03% |
| Jun 30, 2025 | 20.53% |
| Jun 30, 2025 | 20.53% |
| Jun 30, 2025 | 20.53% |
| Mar 31, 2025 | 19.07% |
| Mar 31, 2025 | 19.07% |
| Mar 31, 2025 | 19.07% |
| Dec 31, 2024 | 20.00% |
| Dec 31, 2024 | 20.00% |
| Dec 31, 2024 | 20.00% |
| Sep 30, 2024 | 20.03% |
| Sep 30, 2024 | 20.03% |