Magnolia Oil & Gas (MGY) Tax Rate (2017 - 2026)
Magnolia Oil & Gas' (MGY) quarterly Tax Rate came in at 17.16% in Q1 2026, down 191.0% YoY from 18.86% in Q1 2025, and down 10.15% on a QoQ basis from 19.1% in Q4 2025.
Magnolia Oil & Gas (MGY) Tax Rate (2017 - 2026) Analysis & Trends
Magnolia Oil & Gas (MGY) has 10 years of Tax Rate data on file, last reported at 17.16% in 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 slipped to 17.16% in Q1 2026, from 19.1% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 21.7% in Q4 2023 to a low of 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 sank 3118 bps — and 2023, when it surged 5163 bps.
- Tracing MGY's Tax Rate over 5 years: stood at 29.94% in 2022, then surged by 172 bps to 21.7% in 2023, then decreased by 8 bps to 20.0% in 2024, then dropped by 5 bps to 19.1% in 2025, then declined by 10 bps to 17.16% in 2026.
- The last three Tax Rate figures came in at 17.16% (Q1 2026), 19.1% (Q4 2025), and 18.03% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 18.22% |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 22.15% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 22.01% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 22.36% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 23.37% |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 23.18% |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 20.53% |
| 10 | Magnolia Oil & Gas | 5.21 Bn | 4.91 Bn | 461.61 Mn | 21.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.78% |
| Jun 30, 2026 | 21.78% |
| Jun 30, 2026 | 21.78% |
| 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% |