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
DateValue
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%