Magnolia Oil & Gas (NYSE:MGY) reported its Q3 earnings results on Monday, November 1, 2021 at 04:02 PM.
Here’s what investors need to know about the announcement.
Earnings
Magnolia Oil & Gas reported in-line EPS of $0.67 versus an estimate of $0.61, which did not surprise analysts.
Revenue was up $162,512,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.2, which was followed by a 1.44% increase in the share price the next day.
Here’s a look at Magnolia Oil & Gas’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.36 | 0.26 | 0.10 | 0.07 |
| EPS Actual | 0.56 | 0.38 | 0.15 | 0.06 |
| Revenue Estimate | 223.94M | 190.10M | 143.06M | 126.28M |
| Revenue Actual | 250.73M | 207.66M | 149.24M | 121.07M |
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