Magnolia Oil & Gas (MGY) Tax Rate (2017 - 2026)
Magnolia Oil & Gas (MGY) reported Tax Rate of 17.16% for Q1 2026, down 191.0% on a YoY basis from 18.86% in Q1 2025, and down 10.15% quarter-over-quarter from 19.1% in Q4 2025.
Magnolia Oil & Gas (MGY) Tax Rate (2017 - 2026) Analysis & Trends
Magnolia Oil & Gas has reported Tax Rate for 10 years, with the latest figure at 17.16% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 191.0% year-over-year to 17.16%; the trailing twelve-month figure through Mar 2026 stood at 18.63% (down 122.0% YoY), and the FY2025 full-year result was 19.2%, down 23.0% from the prior year.
- Tax Rate for Q1 2026 stood at 17.16%, down from 19.1% in the prior quarter.
- The five-year high for Tax Rate was 21.7% in Q4 2023, with the low at 29.94% in Q4 2022.
- Historically, Tax Rate has averaged 14.22% across 5 years, with a median of 19.07% in 2025.
- Annual changes were most pronounced in 2022 — Tax Rate sank 3118 bps — and 2023, when it surged 5163 bps.
- Magnolia Oil & Gas' Tax Rate 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 669.86 Bn | 663.92 Bn | - | - |
| 2 | Canadian Natural Resources | 393.48 Bn | 393.48 Bn | 6.72 Bn | 32.08% |
| 3 | Conocophillips | 143.01 Bn | 136.64 Bn | 9.48 Bn | 35.09% |
| 4 | Eog Resources | 72.59 Bn | 68.74 Bn | - | 22.50% |
| 5 | Occidental Petroleum | 55.93 Bn | 52.75 Bn | 4.87 Bn | 39.49% |
| 6 | Diamondback Energy | 54.41 Bn | 60.57 Bn | 4.22 Bn | 18.18% |
| 7 | Vista Energy, S.A.B. de C.V | 35.45 Bn | 34.84 Bn | 472.36 Mn | -24.95% |
| 8 | Eqt | 32.44 Bn | 35.79 Bn | 2.98 Bn | 21.81% |
| 9 | Vermilion Energy | 31.35 Bn | 31.16 Bn | 370.10 Mn | 41.73% |
| 10 | Magnolia Oil & Gas | 5.05 Bn | 4.93 Bn | 340.30 Mn | 17.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.16% |
| Mar 31, 2026 | 17.16% |
| Dec 31, 2025 | 19.10% |
| Dec 31, 2025 | 19.10% |
| Sep 30, 2025 | 18.03% |
| Sep 30, 2025 | 18.03% |
| Jun 30, 2025 | 20.53% |
| Jun 30, 2025 | 20.53% |
| Mar 31, 2025 | 19.07% |
| Mar 31, 2025 | 19.07% |
| Dec 31, 2024 | 20.00% |
| Dec 31, 2024 | 20.00% |
| Sep 30, 2024 | 20.03% |
| Sep 30, 2024 | 20.03% |
| Jun 30, 2024 | 20.30% |
| Jun 30, 2024 | 20.30% |
| Mar 31, 2024 | 17.24% |
| Mar 31, 2024 | 17.24% |
| Dec 31, 2023 | 21.70% |
| Dec 31, 2023 | 21.70% |