Magnolia Oil & Gas Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 322.63 million compared to USD 349.04 million a year ago. Net income was USD 98.45 million compared to USD 231.74 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 1.21 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to USD 1.2 a year ago.
For the full year, revenue was USD 1,226.98 million compared to USD 1,694.49 million a year ago. Net income was USD 388.3 million compared to USD 893.84 million a year ago. Basic earnings per share from continuing operations was USD 2.04 compared to USD 4.73 a year ago. Diluted earnings per share from continuing operations was USD 2.04 compared to USD 4.71 a year ago.