Recap: Magnolia Oil & Gas Q1 Earnings

Magnolia Oil & Gas MGY reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Magnolia Oil & Gas beat estimated earnings by 10.71%, reporting an EPS of $0.62 versus an estimate of $0.56.

Revenue was down $69.46 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.21 which was followed by a 2.46% drop in the share price the next day.

Here's a look at Magnolia Oil & Gas's past performance:

To track all earnings releases for Magnolia Oil & Gas visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.