Magnolia Oil & Gas files financials for $4.1B WildFire Energy acquisition

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

Key Changes

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  Magnolia acquiring WildFire Energy for ~$4.1B (32.2M shares, $2.7B cash, $600M debt assumption), adding 810k net acres, 53 MBoe/d production (70% oil), 271.2 MMBoe proved reserves in East Texas Eagle Ford; funded via $970M equity offering, $1.1B revolver draw, $500M 7% notes, $100M cash.

  Exhibit 99.4 view on EDGAR →
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  WildFire reported 2025 net income of $462.4M (up from $351.7M in 2024) despite lower revenues, driven by $166.8M derivative gain vs. $35M loss prior year; Q1 2026 showed $147M net loss on $273M derivative losses.

  Exhibit 99.2 view on EDGAR →
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  Independent reserve report values WildFire's 196.5 MMBoe proved reserves at $4.1B PV-10 as of Dec 31, 2025 (51% proved developed producing, 49% proved undeveloped); pro forma combined reserves would total 481.4 MMBoe.

  Exhibit 99.5 view on EDGAR →