Magnolia Files Detailed Financials and Reserves for $4.1B WildFire Acquisition
MGY sits 21% above its 52-week low of $21.065 on elevated volume (2.7× avg).
Summary
Magnolia filed detailed financial statements, pro forma combined information, and reserve reports for its $4.1 billion acquisition of WildFire Energy, providing the first comprehensive look at the deal's financial impact and combined asset base.
Key Events · M&A and Partnerships · MGY
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$4.1B WildFire Acquisition Details
Total consideration of ~$4.1 billion: 32.2 million Magnolia shares (valued at $25.01/share) and $2.7 billion cash, plus assumption of $600 million WildFire 7.5% senior notes due 2029.
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Pro Forma Combined Financials
For 2025, pro forma combined revenue of $2.2 billion, net income of $671 million, and adjusted EPS of $2.50. For Q1 2026, pro forma net loss of $70.8 million due to WildFire's $273 million non-cash derivative loss.
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Significant Reserve Base
WildFire's proved reserves at year-end 2025: 196.5 million barrels of oil, 205.4 Bcf of natural gas, and 40.5 million barrels of NGLs, totaling 271.2 million barrels of oil equivalent. Pro forma combined proved reserves are 481.4 million Boe.
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Financing Structure
Cash portion funded by $970 million equity offering (43.5 million shares at $23.00), $1.1 billion revolver draw, $500 million new 7% senior notes, and $100 million cash on hand.
Analysis · MGY · Energy & Transportation
This 8-K delivers the audited and unaudited financial statements of WildFire, pro forma combined financials, and an independent reserve report—the granular numbers underpinning the $4.1 billion acquisition announced earlier today. For the first time, investors can gauge the deal's accretion, leverage, and reserve value. The pro forma data reveals that the combined company would have posted $2.2 billion in revenue and $671 million in net income for 2025, with proved reserves of 481 million barrels of oil equivalent. Funding comes from $2.7 billion in cash—sourced from an equity offering, a revolver draw, and new 7% senior notes—plus 32.2 million Magnolia shares. Preliminary Q2 production figures are also included.
At the time of this filing, MGY was trading at $25.44 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $21.07 to $32.76. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.