Magnolia Oil & Gas (MGY) Tax Rate (2017 - 2026)
Magnolia Oil & Gas (MGY) reported Tax Rate of 21.78% for Q2 2026, up 1.25 percentage points from 20.53% a year earlier and up 4.62 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 Jun 30, 2026, Magnolia Oil & Gas' Tax Rate came in at 19.63%, down 0.24 percentage points year-over-year; for FY2025, it came in at 19.20%, down 0.23 percentage points from FY2024.
- Tax Rate has a five-year change of +15.13 percentage points (FY2020 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 (-2.52 pp).
- The Q2 2026 figure ranks as the highest quarterly Tax Rate since Q3 2017.
- Year over year, Tax Rate gained in three of the last eight quarters, with an average year-over-year change of -0.52 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 51.63 percentage points); the low point was Q4 2022 (a drop of 31.18 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 17.16% (Q1 2026), 19.10% (Q4 2025) and 18.03% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 674.90 Bn | 638.12 Bn | - | 23.39% |
| 2 | Shell | 547.48 Bn | 458.03 Bn | 30.13 Bn | 31.41% |
| 3 | Chevron | 408.53 Bn | 386.32 Bn | 33.45 Bn | 26.95% |
| 4 | TotalEnergies SE | 186.30 Bn | 69.43 Bn | - | - |
| 5 | Eni Spa | 172.32 Bn | 121.84 Bn | - | - |
| 6 | Conocophillips | 152.28 Bn | 124.99 Bn | 12.81 Bn | 35.37% |
| 7 | Equinor Asa | 106.44 Bn | 52.50 Bn | - | - |
| 8 | Phillips 66 | 105.58 Bn | 94.57 Bn | 8.38 Bn | 21.97% |
| 9 | Canadian Natural Resources | 100.85 Bn | 97.81 Bn | - | 18.22% |
| 10 | Magnolia Oil & Gas | 4.44 Bn | 3.48 Bn | 461.61 Mn | 21.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 2.02% |
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();