Magnolia Oil & Gas (MGY) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.99
- Estimate
- $0.94
- Surprise
- +5.0%
- Score today
- 7.4/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Magnolia Oil & Gas (MGY) beat the $0.94 estimate with diluted EPS of $0.99 — a clear 5.0% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MGY Buy (Wait) at 7.4/10; no pre/post engine snapshot brackets this report.
3 of the last 4 quarters beat the estimate; this quarter's +5.0% surprise compares with a +3.5% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.5 in RISK_OFF)
- Sector modifier (Energy): +1.2
What argues against it
- Concentration risk — Geographic: South Texas
- Concentration risk — Customer: two purchasers (61.0%)
- Thin upside margin: 7.7%
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $27.62
- Entry target
- $26.49
- Price target
- $29.75
- Stop
- $24.88
- Upside to target
- +7.7%
- Reward-to-risk
- 1.3:1
The stock trades at 12.1× trailing but 8.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-15 — shown for context, not personalized investment advice.
MGY at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas E&P
- Market cap
- $6.73B
- P/E (fwd)
- 8.5
- P/E (ttm)
- 12.1
- 52-week range
- $21.07–$32.76
- Off 52-week high
- 15.7%
- RSI (14)
- 54
- Volume vs avg
- 1.44×
- Score today
- 7.4/10