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Magnolia Oil & Gas: Over $500 Million FCF In 2023 (NYSE:MGY)

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Ekaterina Chizhevskaya/iStock via Getty Images

Magnolia Oil & Gas (NYSE:MGY) still looks capable of generating over $500 million in free cash flow in 2023 at current strip prices. Magnolia’s Q4 2022 production took a bit of a

Type Barrels/Mcf $ Per Barrel/Mcf $ Million
Oil 13,797,000 $79.50 $1,097
NGLs 7,665,000 $30.00 $230
Gas 55,188,000 $2.50 $138
Total Revenues $1,465

$ Million
Lease Operating $143
Gathering, Transportation and Processing $78
Taxes Other Than Income $82
Cash G&A $65
Cash Interest $24
Capex $500
Cash Income Taxes $65
Total $957

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