Magnolia Oil & Gas (MGY) Tax Rate (2017 - 2026)
Magnolia Oil & Gas (MGY) reported Tax Rate of 22.82% for Q3 2026, up 4.79 percentage points from 18.03% a year earlier and up 1.03 percentage points from the prior quarter.
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Analysis
Magnolia Oil & Gas (MGY) Tax Rate (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Magnolia Oil & Gas' Tax Rate came in at 20.52%, up 1.10 percentage points year-over-year; for FY2025, it came in at 19.20%, down 0.23 percentage points from FY2024.
- Tax Rate has a four-year change of +17.64 percentage points (FY2021 to FY2025).
- By year, Tax Rate came in at 19.43% in FY2024 (-0.07 pp), 19.50% in FY2023 (+18.87 pp), 0.63% in FY2022 (-0.93 pp) and 1.56% in FY2021.
- The Q3 2026 figure ranks as the highest quarterly Tax Rate since Q3 2017.
- Year over year, Tax Rate gained in four of the last eight quarters, with an average year-over-year change of +0.20 percentage points.
- The high point for year-over-year Tax Rate in five years was Q3 2023 (a gain of 14.67 percentage points); the low point was Q3 2025 (a drop of 2.00 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 21.78% (Q2 2026), 17.16% (Q1 2026) and 19.10% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 24.55% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 26.42% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 33.12% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 26.09% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 20.67% |
| 10 | Magnolia Oil & Gas | 6.54 Bn | 5.83 Bn | 494.29 Mn | 22.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.82% |
| Jun 30, 2026 | 21.78% |
| Mar 31, 2026 | 17.16% |
| Dec 31, 2025 | 19.10% |
| Sep 30, 2025 | 18.03% |
| Jun 30, 2025 | 20.53% |
| Mar 31, 2025 | 19.07% |
| Dec 31, 2024 | 20.00% |
| Sep 30, 2024 | 20.03% |
| Jun 30, 2024 | 20.30% |
| Mar 31, 2024 | 17.24% |
| Dec 31, 2023 | 21.70% |
| Sep 30, 2023 | 20.99% |
| Jun 30, 2023 | 19.20% |
| Mar 31, 2023 | 15.52% |
| Sep 30, 2022 | 6.32% |
| Jun 30, 2022 | 8.50% |
| Mar 31, 2022 | 7.98% |
| Dec 31, 2021 | 1.25% |
| Sep 30, 2021 | 2.22% |
API Access
Magnolia Oil & Gas Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MGY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MGY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();