Magnolia Oil & Gas prices $1B follow-on offering at market to fund $2.65B WildFire acquisition

Filed July 20, 2026 · ~2 min read

Key Changes

• high

  Magnolia is offering $1 billion of Class A Common Stock (plus up to $150M greenshoe) at $27.26/share, the July 17, 2026 market price, to fund its pending $2.65B cash-and-stock acquisition of WildFire Energy I LLC.

  The Offering verify on EDGAR →
• high

  The WildFire acquisition includes $2.65B cash, 32.2M shares of Magnolia stock, and assumption of $600M in 7.5% senior notes due 2029. Magnolia will fund the cash portion with this offering, ~$500M new debt, RBL borrowings, and cash on hand.

  Business view on EDGAR →
• high

  The offering will close regardless of whether the acquisition closes. If the acquisition fails, proceeds will be redirected to general corporate purposes, debt repayment, and capital expenditures.

  Use of Proceeds verify on EDGAR →