Magnolia Oil & Gas prices 46.3M-share offering at $23.75 to raise $1.07B for WildFire acquisition

Filed July 22, 2026 · ~3 min read

Key Changes

• high

  Magnolia is offering 46.3 million primary shares at $23.75/share, a 12.9% discount to the July 17 market price of $27.26, raising $1.07 billion in gross proceeds to the company (net proceeds ~$1.07B after expenses). All proceeds go to the company; there are no selling stockholders.

  The Offering verify on EDGAR →
• high

  Net proceeds will fund the cash portion of Magnolia's $2.65 billion cash + 32.2 million share acquisition of WildFire Energy I LLC, which holds 810,000 net acres in Texas producing 53 MBoe/d (70% oil) with 271.2 MMBoe proved reserves. Magnolia will also assume $600 million of WildFire's 7.5% senior notes due 2029.

  Use of Proceeds verify on EDGAR →
• high

  The offering will dilute existing shareholders by approximately 25% (46.3M new shares vs. 183.7M currently outstanding). Post-offering, 230.0 million shares will be outstanding (236.9M if the 6.9M-share greenshoe is fully exercised).

  The Offering verify on EDGAR →