# Magnolia Oil & Gas Corp (MGY) FY2026 Q2 P&L / Income Statement

- Company: Magnolia Oil & Gas Corp (MGY)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-06, accession number 0001698990-26-000019
- Page: https://plicit.ai/financials/mgy/fy2026-q2-income-statement
- Chart image: https://plicit.ai/charts/mgy-fy2026-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2026-04-01 through 2026-06-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 478,811,000 US dollars
- **Total operating expenses**: 239,310,000 US dollars
- **OPERATING INCOME**: 239,501,000 US dollars
- **Total other expense, net**: negative 7,099,000 US dollars
- **INCOME BEFORE INCOME TAXES**: 232,402,000 US dollars
- **Income tax expense**: 50,626,000 US dollars
- **NET INCOME**: 181,776,000 US dollars
- **Oil revenues**: 373,759,000 US dollars
- **Natural gas revenues**: 39,669,000 US dollars
- **Natural gas liquids revenues**: 65,383,000 US dollars
- **Lease operating expenses**: 48,409,000 US dollars
- **Gathering, transportation and processing**: 17,202,000 US dollars
- **Taxes other than income**: 22,757,000 US dollars
- **Exploration expenses**: 213,000 US dollars
- **Asset retirement obligations accretion**: 1,862,000 US dollars
- **Depreciation, depletion and amortization**: 116,516,000 US dollars
- **General and administrative expenses**: 29,151,000 US dollars
- **Transaction related costs**: 3,200,000 US dollars

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.