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Magnolia Oil and Gas Corp  (MGY)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

MGY's Revenue Growth by Quarter and Year

Magnolia Oil And Gas's Revenue results by quarter and year




MGY Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 322.63 349.04 336.38 149.24
III Quarter September 315.68 482.96 283.58 121.07
II Quarter June 280.29 484.65 250.73 82.84
I Quarter March 308.38 377.84 207.66 181.37
FY   1,226.98 1,694.49 1,078.35 534.52



MGY Revenue fourth quarter 2023 Y/Y Growth Comment
Magnolia Oil And Gas Corp reported decrease in Revenue in the fourth quarter 2023 by -7.57% to $ 322.63 millions, from the same quarter in 2022.
The decrease in the fourth quarter 2023 Magnolia Oil And Gas Corp's Revenue compares unfavorably to the Company's average Revenue rise of 33.89%.

Looking into fourth quarter 2023 results within Oil And Gas Production industry 24 other companies have achieved higher Revenue growth. While Magnolia Oil And Gas Corp' s Revenue decline of -7.57% ranks overall at the positon no. 1522 in the fourth quarter 2023.




MGY Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -7.57 % 3.76 % 125.4 % -35.03 %
III Quarter September -34.64 % 70.31 % 134.23 % -50.54 %
II Quarter June -42.17 % 93.3 % 202.67 % -65.9 %
I Quarter March -18.38 % 81.95 % 14.5 % -17.06 %
FY   -27.59 % 57.14 % 101.74 % -42.9 %

Financial Statements
Magnolia Oil And Gas's fourth quarter 2023 Revenue $ 322.63 millions MGY's Income Statement
Magnolia Oil And Gas's fourth quarter 2022 Revenue $ 349.04 millions Quarterly MGY's Income Statement
New: More MGY's historic Revenue Growth >>


MGY Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 2.2 % -27.73 % 18.62 % 23.27 %
III Quarter September 12.63 % -0.35 % 13.1 % 46.15 %
II Quarter June -9.11 % 28.27 % 20.74 % -54.33 %
I Quarter March -11.65 % 12.33 % 39.15 % -21.04 %
FY (Year on Year)   -27.59 % 57.14 % 101.74 % -42.9 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry #25
Energy Sector #41
Overall #1522

Revenue Y/Y Growth Statistics
High Average Low
202.67 % 33.89 % -65.9 %
(Jun 30 2021)   (Jun 30 2020)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry #25
Energy Sector #41
Overall #1522
Revenue Y/Y Growth Statistics
High Average Low
202.67 % 33.89 % -65.9 %
(Jun 30 2021)   (Jun 30 2020)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Magnolia Oil And Gas's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
265.5 % 15.83 % -54.32 %
(Dec 31 2018)  


MGY's IV. Quarter Q/Q Revenue Comment
Magnolia Oil and Gas Corp achieved in the IV. Quarter 2023 below company average Revenue growth of 2.2% quarter on quarter, to $ 322.63 millions.

IV. Quarter 2023 MGY's results appear to be paradoxical, even if lower than the ordinary rise of 15.83 %, yet it presents real improvement relative to the -27.73% in the same quarter a year ago María Pilar Navarro, a business expert mentioned.

Within Oil And Gas Production industry 3 other companies have achieved higher Revenue quarter on quarter growth. While Magnolia Oil And Gas's Revenue growth quarter on quarter, overall rank is 356.


Revenue Q/Q Growth Company Ranking
Within: No.
Oil And Gas Production Industry #4
Energy Sector #8
Overall #356
Revenue Q/Q Growth Company Ranking
Within: No.
Oil And Gas Production Industry #4
Energy Sector #8
Overall #356
Revenue Q/Q Growth Statistics
High Average Low
265.5 % 15.83 % -54.32 %
(Dec 31 2018)  


MGY's IV. Quarter Q/Q Revenue Comment
Magnolia Oil and Gas Corp achieved in the IV. Quarter 2023 below company average Revenue growth of 2.2% quarter on quarter, to $ 322.63 millions.

Albeit the IV. Quarter 2023 Magnolia Oil And Gas's results were lower than the ordinary , it has been yet promising story, as the current expension, outshines the -27.73% Revenue rise in the IV. Quarter 2022

Within Oil And Gas Production industry 3 other companies have achieved higher Revenue quarter on quarter growth. While Magnolia Oil And Gas's Revenue growth quarter on quarter, overall rank is 356.


Magnolia Oil And Gas's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Revenue 12 Months Ending $ 1,226.98 $ 1,253.39 $ 1,420.68 $ 1,625.04 $ 1,694.49
Y / Y Revenue Growth (TTM) -27.59 % -25.47 % -4.17 % 30.16 % 57.14 %
Year on Year Revenue Growth Overall Ranking # 30 # 53 # 268 # 123 # 110
Seqeuential Revenue Change (TTM) -2.11 % -11.78 % -12.58 % -4.1 % 0.75 %
Seq. Revenue Growth (TTM) Overall Ranking # 473 # 415 # 258 # 865 # 1061




Cumulative Revenue growth Comment
Magnolia Oil And Gas's cumulative 12 months Revenue continue to drop, but on the faster rate at -27.59% year on year, at Dec 31 2023 compare to the -25.47% decrease at Sep 30 2023. If the Magnolia Oil And Gas's fiscal year would end at Dec 31 2023, annual Revenue would be $1,227 millions.

Looking into Energy sector trailing twelve month Revenue increase, only one company had higher growth. While Total ranking has impoved so far to 30, from total ranking in previous quarter at 53.

Revenue TTM Q/Q Growth Statistics
High Average Low
122.63 %
23.68 %
-42.9 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry # 4
Energy Sector # 2
Overall # 30

Revenue TTM Y/Y Growth Statistics
High Average Low
122.63 %
23.68 %
-42.9 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 7
S&P 500 # 473
Cumulative Revenue growth Comment
Magnolia Oil And Gas's cumulative 12 months Revenue continue to drop, but on the faster rate at -27.59% year on year, at Dec 31 2023 compare to the -25.47% decrease at Sep 30 2023. If the Magnolia Oil And Gas's fiscal year would end at Dec 31 2023, annual Revenue would be $1,227 millions.

Looking into Energy sector trailing twelve month Revenue increase, only one company had higher growth. While Total ranking has impoved so far to 30, from total ranking in previous quarter at 53.

Revenue TTM Q/Q Growth Statistics
High Average Low
122.63 %
23.68 %
-42.9 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry # 4
Energy Sector # 2
Overall # 30

Revenue TTM Y/Y Growth Statistics
High Average Low
122.63 %
23.68 %
-42.9 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 7
S&P 500 # 473




Other Revenue Growth
Oil And Gas Production Industry Revenue Growth Trends and Statistics
Energy Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
MGY's Revenue Growth Ratio versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for MGY's Competitors
Revenue Growth for Magnolia Oil And Gas's Suppliers
Revenue Growth for MGY's Customers

You may also want to know
MGY's Annual Growth Rates MGY's Profitability Ratios MGY's Asset Turnover Ratio MGY's Dividend Growth
MGY's Roe MGY's Valuation Ratios MGY's Financial Strength Ratios MGY's Dividend Payout Ratio
MGY's Roa MGY's Inventory Turnover Ratio MGY's Growth Rates MGY's Dividend Comparisons



Companies with similar Revenue drop for the quarter ending Dec 31 2023 within Energy SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
Propetro Holding Corp -0.33%$ -0.329 millions
Global Partners lp-0.40%$ -0.403 millions
Kosmos Energy ltd -0.42%$ -0.422 millions
Hess Corporation-1.41%$ -1.408 millions
Ranger Energy Services inc -1.81%$ -1.815 millions
Select Water Solutions inc -1.85%$ -1.846 millions
Masco Corporation-2.13%$ -2.132 millions
Fgi Industries ltd -2.25%$ -2.249 millions
Marathon Oil Corporation-2.42%$ -2.424 millions
The Aes Corporation-3.01%$ -3.007 millions
Crescent Energy Company-3.95%$ -3.948 millions
Nabors Industries ltd-4.52%$ -4.518 millions
Sunoco Lp-4.68%$ -4.681 millions
Chord Energy Corporation-4.93%$ -4.930 millions
Adams Resources and Energy Inc -5.08%$ -5.078 millions
Eog Resources Inc -5.39%$ -5.388 millions
Helmerich and Payne inc -5.90%$ -5.904 millions
Magnolia Oil and Gas Corp-7.57%$ -7.568 millions
Gran Tierra Energy Inc -7.69%$ -7.686 millions
Marathon Petroleum Corporation-8.94%$ -8.937 millions
Imperial Oil Limited-9.30%$ -9.299 millions
Sm Energy Co-9.32%$ -9.324 millions
Delek Us Holdings Inc -9.60%$ -9.602 millions
Nacco Industries Inc -9.85%$ -9.853 millions
Alliance Resource Partners Lp-10.75%$ -10.747 millions
Valaris Limited-11.08%$ -11.083 millions
Exxon Mobil Corporation-11.62%$ -11.616 millions
Ncs Multistage Holdings Inc -12.29%$ -12.290 millions
Liberty Energy Inc -12.29%$ -12.291 millions
Occidental Petroleum Corporation-12.74%$ -12.739 millions




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