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

- Company: Magnolia Oil & Gas Corp (MGY)
- Period: 2026-01-01 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-ytd-q2-income-statement
- Chart image: https://plicit.ai/charts/mgy-fy2026-ytd-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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

- **Total revenues**: 837,322,000 US dollars
- **Total operating expenses**: 470,057,000 US dollars
- **OPERATING INCOME**: 367,265,000 US dollars
- **Total other expense, net**: negative 13,139,000 US dollars
- **INCOME BEFORE INCOME TAXES**: 354,126,000 US dollars
- **Income tax expense**: 71,514,000 US dollars
- **NET INCOME**: 282,612,000 US dollars
- **Oil revenues**: 631,088,000 US dollars
- **Natural gas revenues**: 91,469,000 US dollars
- **Natural gas liquids revenues**: 114,765,000 US dollars
- **Lease operating expenses**: 96,160,000 US dollars
- **Gathering, transportation and processing**: 35,410,000 US dollars
- **Taxes other than income**: 39,144,000 US dollars
- **Exploration expenses**: 1,955,000 US dollars
- **Asset retirement obligations accretion**: 3,719,000 US dollars
- **Depreciation, depletion and amortization**: 229,874,000 US dollars
- **General and administrative expenses**: 60,595,000 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.
- Of which attributable to Magnolia Oil & Gas Corp: $281.60 M; to noncontrolling interests: $1.01 M.