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home / news releases / MGY - Magnolia Oil & Gas: Outstanding Performance In Q3 2022

MGY - Magnolia Oil & Gas: Outstanding Performance In Q3 2022

Magnolia Oil & Gas Corporation Class A

Summary

  • Magnolia's total production in Q3 2022 was 7% above the high-end of its guidance.
  • It also managed to exceed the high-end of its production guidance in Q2 2022.
  • This sets Magnolia up for 15% to 16% production growth in 2022 along with 10% production growth in 2023.
  • Magnolia appears capable of generating over $600 million in positive cash flow in 2023 at current strip while growing production.

For further details see:

Magnolia Oil & Gas: Outstanding Performance In Q3 2022
Stock Information
Company Name: Magnolia Oil & Gas Corporation Class A
Stock Symbol: MGY
Market: NYSE
Website: magnoliaoilgas.com
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