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MGY - Magnolia Oil & Gas GAAP EPS of $0.90 misses by $0.04 revenue of $377.84M beats by $3.21M
Magnolia Oil & Gas Corporation Class A
Magnolia Oil & Gas press release (NYSE:MGY): Q1 GAAP EPS of $0.90 misses by $0.04. Revenue of $377.84M (+80.7% Y/Y) beats by $3.21M. Total production in the first quarter of 2022 grew 15% from the first quarter of 2021 to 71.8 thousand barrels of oil equivalent per day. Currently expect D&C capital to be approximately $400 million for 2022, compared to earlier guidance of $350 million.