Magnolia Oil & Gas : March Investor Presentation about Latest Presentation (march 2025 investor presentation)

Published: 2025-03-05 08:40:05 ET MGY

March 2025 Investor Presentation

Magnolia Oil & Gas Overview

Market Statistics

Trading Symbol (NYSE)

MGY

Share Price as of 2/26/2025

$23.43

Common Shares Outstanding (1)

196.2 million

Market Capitalization

$4.6 billion

Long-term Debt - Principal

$400 million

Cash as of 12/31/2024

$260 million

Total Enterprise Value

$4.7 billion

Operating Statistics

Net Acreage as of 12/31/2024

604,057

Q4 2024 Net Production (Mboe/d)

93.1

Texas

Giddings

Karnes

(1) Diluted weighted average shares outstanding during Q4 2024; common stock outstanding includes Class A and Class B.

3

Magnolia's Consistent Business Model

High Quality Assets Drive Low Capital Reinvestment

Rate that Grows the Business

Limit Capital Spending to 55% of

Annual Adjusted EBITDAX

Return Substantial Portion of Our Free Cash Flow to

Shareholders and Allocate Some Excess Cash Toward Small, Bolt-on Acquisitions that Improve the Business

Long-term dividend per share compound annual growth rate of ~10% and share repurchases of at least 1% per quarter

Deliver Mid-Single Digit Long-Term Production

Growth with Significant Free Cash Flow

2025 BOE Growth of 5%-7%

Maintain Conservative Financial Leverage to Provide Financial Flexibility Through Cycle

Strong balance sheet, with minimal net debt, provides ability for counter cyclical investing to increase per share value

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Asset Overview

Giddings Area Assets

Asset Overview

 ~739,000 gross acres (~549,000 net acres) with high working

Texas

interest (~98% operated)

Through significant scale and nearly all acreage held by production, Giddings offers a unique opportunity to develop and grow a top-tier asset while still generating free cash flow.

6

Core Karnes Assets

Texas

Asset Overview

 Mature asset offers significant free cash flow and a low base

production decline

 Acreage located in the core of the Eagle Ford offering very strong

economic returns in Karnes, Gonzales and Dewitt counties

~22,000 net acres producing ~21 Mboe/d (59% oil, 79% liquids)1

in Q4 2024

Significant free cash flow generation supports low reinvestment rate and strong return of capital

(1) Includes acreage in Karnes, Gonzales and Dewitt counties.

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Financial, Capital Allocation & Risk Management Overview

Cash Flow Allocation Matches Magnolia's Business Model

Allocation of Operating Cash Flow - Since Inception

(7/31/2018 - 12/31/2024)

Magnolia's "recipe" is a disciplined allocation of capital, low reinvestment rate, a balanced return of capital to shareholders (dividends and share repurchases) and a strong balance sheet providing flexibility for bolt-on acquisitions

Dividends &

Cash Build

10%

Share Repurchases

Drilling & Completions

47%

25%

Acquisitions 18%

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Fourth Quarter & Full Year 2024 Earnings Presentation

Low Leverage Drives Financial Flexibility

Net Debt / EBITDA (2025E)

(1)

2.6

Magnolia has one of the strongest

balance sheets in the industry

1.7

1.5

1.5

1.3

1.3

1.4

1.2

1.2

1.1

1.1

1.1

1.1

0.9

1.0

0.8

0.3

0.4

0.4

0.1

-0.2

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Disclaimer

Magnolia Oil & Gas Corporation published this content on March 05, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 05, 2025 at 13:39:04.613.