How much did Magnolia pay per share in its Q2 buyback?

Magnolia repurchased 1.7 million shares for $49.3 million during Q2 2026, which calculates to an average price of approximately $28.94 per share. This reflects market prices during the second quarter when oil and gas prices were favorable to the company's operations.

How much buyback authorization does Magnolia have left?

The filing states Magnolia has 9.9 million Class A common shares remaining under its current share repurchase authorization. However, the filing does not disclose the original total authorization amount, expiration date, or dollar limit of the program, so the remaining authorization value cannot be determined from this disclosure.

What percentage of free cash flow did Magnolia return to shareholders in Q2?

Magnolia returned $80.1 million to shareholders in Q2 2026 through combined share repurchases ($49.3 million) and dividends ($30.8 million), representing 34% of the company's free cash flow of $234.6 million. The company also increased its quarterly dividend 9% to $0.18 per share, providing an annualized dividend of $0.72 per share.

Did the buyback reduce Magnolia's share count?

Yes. Magnolia's diluted weighted average total shares outstanding decreased 4% to 184.6 million in Q2 2026 from 192.1 million in Q2 2025. While this decline was driven partly by buybacks, it also reflects the company's broader capital allocation and structural changes in its share base during the period.

How does Magnolia execute its share repurchases?

Magnolia executes its buyback through Rule 10b-18 open-market purchases, the standard mechanism used by US public companies to repurchase their own shares in the open market. This method provides safe-harbor protections under securities law, provided the company follows timing, pricing, volume, and broker limitations.

MGY 8-K Filed 2026-08-05 Execution disclosure

Magnolia Oil & Gas repurchased 1.7M shares in Q2 2026

Energy producer spent $49.3M on buyback during second quarter; 9.9M shares remaining under authorization

Shares repurchased1.7M

Avg price paid$28.94

MechanismRule 10b-18 open-market purcha

What the filing says

Magnolia Oil & Gas Corporation repurchased 1.7 million shares of its Class A Common Stock during the second quarter of 2026 for a total of $49.3 million, according to the company's Q2 earnings filing. The company has 9.9 million Class A common shares remaining under its current share repurchase authorization.

In the six-month period ended June 30, 2026, Magnolia returned $82.6 million to shareholders through share repurchases of Class A Common Stock. During the second quarter alone, Magnolia returned $80.1 million, or 34% of the company's free cash flow of $234.6 million, to shareholders through a combination of share repurchases and dividends. The share repurchase activity occurred via Rule 10b-18 open-market purchases, the standard mechanism for corporate buybacks.

The buyback program reflects Magnolia's capital allocation strategy amid strong operational performance. The company reported diluted weighted average total shares outstanding of 184.6 million for Q2 2026, down 4% compared to 192.1 million in Q2 2025, driven in part by the ongoing repurchase activity. The company ended Q2 2026 with $295.9 million of cash on the balance sheet and an undrawn $450 million revolving credit facility.

The Company repurchased 1.7 million shares of its Class A Common Stock during the second quarter for $49.3 million and has 9.9 million Class A common shares remaining under its current share repurchase authorization. — Magnolia Oil & Gas Corp 8-K filing · View on SEC EDGAR →

What this means

Magnolia's repurchase of 1.7 million shares in Q2 2026 reflects the company's commitment to returning capital to shareholders amid robust free cash flow generation of $234.6 million during the quarter. The $49.3 million buyback, combined with $30.8 million in dividends paid, represented 34% of the company's free cash flow and contributed to a 4% reduction in diluted weighted average shares outstanding year-over-year (184.6 million in Q2 2026 vs. 192.1 million in Q2 2025). With 9.9 million shares remaining under authorization, the company maintains flexibility for future repurchases, though the filing does not disclose the original authorization amount or expiration date of the current program.

Frequently asked questions

How much did Magnolia pay per share in its Q2 buyback?: Magnolia repurchased 1.7 million shares for $49.3 million during Q2 2026, which calculates to an average price of approximately $28.94 per share. This reflects market prices during the second quarter when oil and gas prices were favorable to the company's operations.
How much buyback authorization does Magnolia have left?: The filing states Magnolia has 9.9 million Class A common shares remaining under its current share repurchase authorization. However, the filing does not disclose the original total authorization amount, expiration date, or dollar limit of the program, so the remaining authorization value cannot be determined from this disclosure.
What percentage of free cash flow did Magnolia return to shareholders in Q2?: Magnolia returned $80.1 million to shareholders in Q2 2026 through combined share repurchases ($49.3 million) and dividends ($30.8 million), representing 34% of the company's free cash flow of $234.6 million. The company also increased its quarterly dividend 9% to $0.18 per share, providing an annualized dividend of $0.72 per share.
Did the buyback reduce Magnolia's share count?: Yes. Magnolia's diluted weighted average total shares outstanding decreased 4% to 184.6 million in Q2 2026 from 192.1 million in Q2 2025. While this decline was driven partly by buybacks, it also reflects the company's broader capital allocation and structural changes in its share base during the period.
How does Magnolia execute its share repurchases?: Magnolia executes its buyback through Rule 10b-18 open-market purchases, the standard mechanism used by US public companies to repurchase their own shares in the open market. This method provides safe-harbor protections under securities law, provided the company follows timing, pricing, volume, and broker limitations.

execution energy-sector rule-10b-18 q2-2026 open-market-purchase

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.