MGY

Magnolia Oil & Gas Corporation Appoints David Khani to its Board of Directors

Retrieved on: 
Tuesday, February 6, 2024

Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced that its board of directors (the “Board”) has increased the size of the Board from seven to eight directors and has appointed David Khani as an independent director of the Board, effective immediately.

Key Points: 
  • Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced that its board of directors (the “Board”) has increased the size of the Board from seven to eight directors and has appointed David Khani as an independent director of the Board, effective immediately.
  • Mr. Khani will serve as a member of the Audit Committee.
  • “We are very honored to welcome Dave to our Board of Directors,” said Dan Smith, Chairman of the Board.
  • Mr. Khani spent the first 18 years of his career at various investment banking and capital market firms, including FBR & Co., Prudential Financial, Inc., and Lehman Brothers, Inc. Mr. Khani holds a B.A.

Magnolia Oil & Gas Announces 13 Percent Dividend Increase

Retrieved on: 
Monday, February 5, 2024

Today’s announcement represents a 13 percent increase to Magnolia’s quarterly dividend rate and would provide an annualized dividend of $0.52 per share.

Key Points: 
  • Today’s announcement represents a 13 percent increase to Magnolia’s quarterly dividend rate and would provide an annualized dividend of $0.52 per share.
  • This is the third consecutive year that Magnolia has increased its dividend rate since initiating a dividend payment in 2021.
  • This strategy improves Magnolia’s dividend per share payout capacity, allowing for above average and consistent annual dividend growth that is superior to that of our peers.
  • Importantly, Magnolia’s dividend is secure at significantly lower product prices, which will appeal to long-term investors who value dividend safety through commodity cycles.

Magnolia Oil & Gas Schedules Conference Call for Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, January 11, 2024

Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2023 on Thursday, February 15 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).

Key Points: 
  • Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2023 on Thursday, February 15 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
  • Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059.
  • Materials related to Magnolia’s fourth quarter and full year 2023 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call.
  • The company will post a replay of the webcast on its website following the call.

Magnolia Oil & Gas Announces Quarterly Dividend

Retrieved on: 
Monday, October 30, 2023

Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.115 per share of Class A common stock, and a cash distribution of $0.115 per Class B unit, payable on December 1, 2023 to shareholders of record as of November 9, 2023.

Key Points: 
  • Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.115 per share of Class A common stock, and a cash distribution of $0.115 per Class B unit, payable on December 1, 2023 to shareholders of record as of November 9, 2023.

Magnolia Oil & Gas Schedules Conference Call for Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 4, 2023

Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the third quarter 2023 on Thursday, November 2 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).

Key Points: 
  • Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the third quarter 2023 on Thursday, November 2 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
  • Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059.
  • Materials related to Magnolia’s third quarter 2023 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call.
  • The company will post a replay of the webcast on its website following the call.

Aemetis Completes Expansion of India Biodiesel Plant One Year Ahead of Schedule, Increases Annual Production Capacity to 60 Million Gallons

Retrieved on: 
Wednesday, September 6, 2023

CUPERTINO, CA, Sept. 06, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that the company’s Universal Biofuels subsidiary has completed an expansion of its India biodiesel plant annual production capacity to 60 million gallons more than one year ahead of schedule, supplying the expanding demand for biodiesel by India government-owned Oil Marketing Companies (OMC’s). 

Key Points: 
  • The Aemetis Five Year Plan describes an increase from 50 million gallons per year (MGY) to 100 MGY of biodiesel production capacity at the India plant to be completed by year 2025.
  • Additional capital projects to increase the production capacity at the Kakinada, India biodiesel plant to 80 MGY are in process for completion in the first half of 2024, also ahead of schedule.
  • “The Kakinada plant has expanded production by completing upgrades to de-bottleneck the plant, and the next phase will add additional process equipment to increase capacity.
  • When production capacity reaches 100 million gallons per year, the India business will be able to generate more than $500 million per year of revenues,” Gupta added.

Magnolia Oil & Gas Announces Bolt-On Asset Acquisition in Giddings

Retrieved on: 
Tuesday, September 5, 2023

Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or “the Company”) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments.

Key Points: 
  • Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or “the Company”) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments.
  • Enhances Giddings Asset Quality and Scale – Acquisition adds approximately 48,000 net acres in Giddings (96% operated, 91% working interest), enhancing Magnolia’s already significant depth of development opportunities.
  • Combined with a smaller acquisition that closed in July 2023, Magnolia’s position in Giddings now totals over 500,000 net acres, driving further efficiencies of scale.
  • High-Margin Production – Magnolia expects production of approximately 5,000 Boe/d (greater than 70% oil) at closing.

Magnolia Oil & Gas Announces Quarterly Dividend

Retrieved on: 
Monday, July 31, 2023

Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.115 per share of Class A common stock, and a cash distribution of $0.115 per Class B unit, payable on September 1, 2023 to shareholders of record as of August 10, 2023.

Key Points: 
  • Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.115 per share of Class A common stock, and a cash distribution of $0.115 per Class B unit, payable on September 1, 2023 to shareholders of record as of August 10, 2023.

Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 5, 2023

Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the second quarter 2023 on Wednesday, August 2 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).

Key Points: 
  • Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the second quarter 2023 on Wednesday, August 2 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
  • Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059.
  • Materials related to Magnolia’s second quarter 2023 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call.
  • The company will post a replay of the webcast on its website following the call.

Magnolia Oil & Gas Announces Quarterly Dividend

Retrieved on: 
Monday, May 1, 2023

Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.115 per share of Class A common stock, and a cash distribution of $0.115 per Class B unit, payable on June 1, 2023 to shareholders of record as of May 11, 2023.

Key Points: 

Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.115 per share of Class A common stock, and a cash distribution of $0.115 per Class B unit, payable on June 1, 2023 to shareholders of record as of May 11, 2023.