Magnolia Oil & Gas Announces 15 Percent Dividend Increase
Magnolia Oil & Gas (NYSE: MGY) has announced a 15% increase in its quarterly dividend to $0.15 per share for both Class A common stock and Class B units, payable on March 3, 2025, to shareholders of record as of February 14, 2025. This marks the fourth consecutive year of dividend increases since initiating payments in 2021, bringing the annualized dividend to $0.60 per share.
The company's 2024 performance supported this increase, featuring 9% total production growth, a 5% reduction in total shares outstanding, and improved field-level cash operating costs. CEO Chris Stavros emphasized Magnolia's commitment to maintaining low leverage, disciplined capital spending, and generating consistent free cash flow while achieving modest annual production growth and high pre-tax margins.
Magnolia Oil & Gas (NYSE: MGY) ha annunciato un aumento del 15% del suo dividendo trimestrale a $0.15 per azione sia per le azioni comuni di Classe A che per le unità di Classe B, che saranno pagate il 3 marzo 2025, agli azionisti registrati al 14 febbraio 2025. Questo segna il quarto anno consecutivo di aumenti dei dividendi da quando sono iniziati i pagamenti nel 2021, portando il dividendo annualizzato a $0.60 per azione.
Le performance dell'azienda nel 2024 hanno supportato questo aumento, con una Crescita della produzione totale del 9%, una riduzione del 5% delle azioni in circolazione, e costi operativi cash a livello di campo migliorati. Il CEO Chris Stavros ha enfatizzato l'impegno di Magnolia a mantenere un basso livello di indebitamento, una spesa in conto capitale disciplinata e a generare flussi di cassa liberi coerenti, raggiungendo al contempo una modesta crescita annuale della produzione e alti margini pre-tassazione.
Magnolia Oil & Gas (NYSE: MGY) ha anunciado un aumento del 15% en su dividendo trimestral a $0.15 por acción tanto para las acciones comunes Clase A como para las unidades Clase B, pagadero el 3 de marzo de 2025, a los accionistas registrados hasta el 14 de febrero de 2025. Este es el cuarto año consecutivo de aumentos de dividendos desde que se iniciaron los pagos en 2021, llevando el dividendo anualizado a $0.60 por acción.
El rendimiento de la compañía en 2024 respaldó este aumento, con un crecimiento total de producción del 9%, una reducción del 5% en el total de acciones en circulación, y costos operativos mejorados a nivel de campo. El CEO Chris Stavros destacó el compromiso de Magnolia de mantener un bajo apalancamiento, un gasto de capital disciplinado y generar un flujo de caja libre consistente, mientras logra un modesto crecimiento anual de producción y altos márgenes antes de impuestos.
마그놀리아 오일 & 가스 (NYSE: MGY)는 분기 배당금을 주당 $0.15로 15% 인상했다고 발표했습니다. 이는 클래스 A 보통주와 클래스 B 유닛 모두에 해당되며, 2025년 3월 3일에 기록된 주주들에게 지급될 예정입니다. 이는 2021년 배당금 지급을 시작한 이후 4년 연속 배당금 인상을 의미하며, 연간 배당금은 주당 $0.60로 증가했습니다.
회사의 2024년 성과는 이 인상을 뒷받침했으며, 총 생산 성장률 9%, 유통 주식 수 5% 감소, 및 개선된 현장 운영 비용을 특징으로 합니다. CEO인 크리스 스타브로스는 마그놀리아가 낮은 레버리지, 규율 있는 자본 지출 및 일관된 자유 현금 흐름 생성을 유지하면서 보수적인 연간 생산 성장과 높은 세전 마진을 달성하기 위해 노력하고 있음을 강조했습니다.
Magnolia Oil & Gas (NYSE: MGY) a annoncé une augmentation de 15% de son dividende trimestriel à 0,15 $ par action, tant pour les actions ordinaires de classe A que pour les unités de classe B, payable le 3 mars 2025, aux actionnaires enregistrés au 14 février 2025. Cela marque la quatrième année consécutive d'augmentation des dividendes depuis le début des paiements en 2021, portant le dividende annualisé à 0,60 $ par action.
La performance de l'entreprise en 2024 a soutenu cette augmentation, avec une croissance totale de la production de 9%, une réduction de 5% du nombre total d'actions en circulation et une amélioration des coûts d'exploitation en cash au niveau des champs. Le PDG Chris Stavros a souligné l'engagement de Magnolia à maintenir un faible niveau d'endettement, des dépenses en capital disciplinées et à générer des flux de trésorerie disponibles cohérents tout en atteignant une modeste croissance annuelle de la production et de fortes marges avant impôts.
Magnolia Oil & Gas (NYSE: MGY) hat eine Erhöhung der vierteljährlichen Dividende um 15% auf $0.15 pro Aktie für sowohl die Stammaktien der Klasse A als auch die Einheiten der Klasse B bekannt gegeben, die am 3. März 2025 an die zum Stichtag, dem 14. Februar 2025, registrierten Aktionäre ausgezahlt wird. Dies markiert die vierte aufeinanderfolgende Jahreserhöhung der Dividenden seit Beginn der Zahlungen im Jahr 2021 und führt zu einer jährlichen Dividende von $0.60 pro Aktie.
Die Leistung des Unternehmens im Jahr 2024 unterstützte diese Erhöhung, mit einem Gesamtproduktionswachstum von 9%, einer 5%igen Reduzierung der ausgegebenen Aktien und verbesserten Betriebskosten auf Feldebene. CEO Chris Stavros betonte das Engagement von Magnolia, eine niedrige Verschuldung, disziplinierte Investitionen und die Generierung eines konsistenten freien Cashflows aufrechtzuerhalten, während bescheidenes jährliches Produktionswachstum und hohe Vorsteuer-Margen erzielt werden.
- 15% increase in quarterly dividend to $0.15 per share
- 9% total production growth in 2024
- 5% reduction in total shares outstanding
- Reduction in field-level cash operating costs
- Sustainable dividend structure even at lower product prices
- None.
“The increase in the dividend is supported by Magnolia’s achievements during 2024 which included total production growth of 9 percent, a 5 percent reduction in the total shares outstanding, and strong progress on lowering our field-level cash operating costs,” said Chris Stavros, Magnolia’s President and CEO. “Magnolia continues to execute its business plan of maintaining low leverage with disciplined capital spending, while generating modest annual production growth, sustaining high pre-tax margins and delivering steady and consistent free cash flow. These guiding principles together with last year’s accomplishments have further improved Magnolia’s dividend per share payout capacity, leading to the 15 percent dividend increase we announced today. Magnolia’s dividend is secure at significantly lower product prices which appeals to long-term investors who value dividend safety through commodity cycles. Delivering a sustainable, safe, and growing dividend is a key component of Magnolia’s total shareholder return strategy.”
About Magnolia Oil & Gas
Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in
Cautionary Note Regarding Forward-Looking Statements
The information in this press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Magnolia’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, the words could, should, will, may, believe, anticipate, intend, estimate, expect, project, the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events. Except as otherwise required by applicable law, Magnolia disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Magnolia cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Magnolia, incident to the development, production, gathering and sale of oil, natural gas and natural gas liquids. In addition, Magnolia cautions you that the forward looking statements contained in this press release are subject to the following factors: (i) the supply and demand for oil, natural gas, NGLs, and other products or services, including impacts of actions taken by OPEC and other state-controlled oil companies; (ii) the outcome of any legal proceedings that may be instituted against Magnolia; (iii) Magnolia’s ability to realize the anticipated benefits of its acquisitions, which may be affected by, among other things, competition and the ability of Magnolia to grow and manage growth profitably; (iv) changes in applicable laws or regulations; (v) geopolitical and business conditions in key regions of the world; and (vi) the possibility that Magnolia may be adversely affected by other economic, business, and/or competitive factors, including inflation. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in Magnolia’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Magnolia’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
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Source: Magnolia Oil & Gas Corporation
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