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MGY-News
MGY-Events
Magnolia Oil & Gas Declares Quarterly Cash Dividend of $0.18 per Share
Magnolia Oil & Gas announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per common share, payable on September 1, 2026, to shareholders of record as of August 10, 2026. The announcement represents a 9 percent increase to Magnolia's quarterly dividend rate providing an annualized dividend of $0.72 per share. The increase in the quarterly dividend rate was recently announced in conjunction with Magnolia entering into a definitive agreement to acquire WildFire Energy. Closing of the Acquisition is expected to occur late in the third quarter of 2026.
Magnolia Oil & Gas Plans to Offer $500M Unsecured Notes
Magnolia Oil & Gas Operating announced that they intend to offer, subject to market conditions and other factors, $500M in aggregate principal amount of senior unsecured notes due 2034 in a private placement to eligible purchasers. The Issuers intend to use the net proceeds from the Notes Offering, together with proceeds from the offering of Class A common stock by Magnolia Oil & Gas Corporation, which is expected to close on July 22, subject to customary closing conditions, borrowings under our revolving credit facility and cash on hand, to fund the cash consideration payable by us in our acquisition of 100% of the issued and outstanding limited liability company interests of WildFire Intermediate Holdings from WildFire Energy I.
Kayne Anderson and Warburg Pincus Sell WildFire Energy to Magnolia for Approximately $4.06B
Kayne Anderson and Warburg Pincus announced an agreement to sell WildFire Energy to Magnolia Oil & Gas for approximately $4.06B. The acquisition has been unanimously approved by Magnolia's board of directors. WildFire is an independent energy company focused on the acquisition, development and optimization of oil and gas assets in the Austin Chalk, Eagle Ford, and Woodbine formations of South Texas. Warburg Pincus, Kayne Anderson, and the WildFire management team partnered together in 2019 to form the company, and since then, have grown the business into one of the largest privately owned oil & gas producers in the United States. The proposed transaction is subject to customary closing conditions and regulatory approvals, with anticipated closing in late-Q3 2026.
Multiple Banks Jointly Manage IPO with Price Range of $23.75 to $24.75
The deal range was $23.75-$24.75. JPMorgan, Goldman Sachs, Citi, Wells Fargo, BofA, Capital One, Fifth Third, KeyBanc, MUFG, PNC Capital, Regions Securities, Scotiabank and Truist acted as joint book running managers for the offering.
Magnolia Oil & Gas Corporation Launches $1 Billion Public Offering
Magnolia Oil & Gas Corporation announced that it has commenced an underwritten public offering of $1B of shares of its Class A common stock. Magnolia intends to use the net proceeds from the offering, together with proceeds from a concurrent issuance by Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp., each a wholly-owned subsidiary of Magnolia, of new senior notes, borrowings under Magnolia Operating's revolving credit facility and cash on hand, to fund the cash consideration payable by Magnolia Operating in its acquisition of 100% of the issued and outstanding limited liability company interests of WildFire Intermediate Holdings from WildFire Energy I LLC. J.P. Morgan and Goldman Sachs & Co. are acting as the joint book-running managers for the offering. Citigroup, Wells Fargo Securities, BofA Securities, Capital One Securities, Fifth Third Securities, KeyBanc Capital Markets, MUFG, PNC Capital Markets, Regions Securities, Scotiabank, and Truist Securities are also acting as joint book-running managers. +
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