Magnolia Oil & Gas to acquire WildFire Energy for $4.06B, raising dividend 9% to $0.18/share

Filed July 20, 2026 · Period ending July 19, 2026 · ~2 min read

Key Changes

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  Magnolia entered into a definitive agreement to acquire WildFire Energy for $4.06 billion, including $2.65 billion cash, 32.2 million shares of common stock, and assumption of $600 million in 7.5% senior notes due 2029. The transaction adds ~810,000 net acres in the Giddings field (Eagle Ford/Austin Chalk), more than doubling Magnolia's acreage there, and adds ~53,000 Boe/d of production (~70% oil). Expected to close late Q3 2026.

  Item 1.01 verify on EDGAR →
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  Magnolia immediately raised its quarterly dividend 9% to $0.18 per share from $0.165, payable Q3 2026, supported by strong free cash flow accretion from the acquisition. The company expects over $100 million in annual run-rate synergies by year-end 2027 from operational efficiencies and reduced corporate overhead.

  Item 7.01 verify on EDGAR →
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  Magnolia amended and restated its reserve-based credit facility to provide $2.25 billion in maximum commitments with a $2.0 billion initial borrowing base and $1.75 billion borrowing capacity, contingent on closing the acquisition. The facility requires a leverage ratio below 3.50x and a current ratio above 1.00x.

  Item 1.01 verify on EDGAR →