MGY Q2 net income +133% to $181.8M on 58% oil price surge and Iran supply disruption

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~1 min read

Key Changes

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  Net income attributable to Class A Common Stock rose 133% to $181.8M ($0.97/share) in Q2 2026 from $78.1M ($0.41/share) in Q2 2025, driven by a 58% surge in realized oil prices to $98.13/bbl and 8% production growth to 106,089 boe/d.

  MD&A: Financial Results verify on EDGAR →
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  Military conflict involving Iran materially disrupted global energy markets and constrained crude oil movement through the Strait of Hormuz, contributing to substantial price volatility and the 58% YoY oil price increase that drove Q2 revenue +50% to $478.8M.

  MD&A: Geopolitical Risk verify on EDGAR →
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  One Big Beautiful Bill Act (enacted July 2025) shifted Q2 tax expense from current to deferred: current tax fell $1.7M while deferred tax rose $31.4M due to accelerated R&D and bonus depreciation deductions, improving near-term cash flow with no change to total tax expense.

  MD&A: Income Tax / Notes: Tax Law verify on EDGAR →