MGY magnolia oil & gas announces acquisition of wildfire energy Magnolia oil & gas Corp - to buy wildfire energy for $4.06B including debt -
MGY magnolia oil & gas announces acquisition of wildfire energy Magnolia oil & gas Corp - to buy wildfire energy for $4.06B including debt - Wildfire owners to receive 32.2M magnolia shares; magnolia assumes $600M wildfire notes - Increases secured credit facility to $2B borrowing base, $1.75B commitments - Expects over $100M in annual synergies and cost savings from acquisition - Increases qtrly dividend 9% to $0.18 per share payable in Q3 2026 - Raises fy2026 annual production growth guidance to 6% from 5% Magnolia oil & gas: expects deal to be immediately, highly accretive to key per share financial metrics including cash flow, free cash flow & earnings
MGY magnolia oil & gas announces acquisition of wildfire energy Magnolia oil & gas Corp - to buy wildfire energy for $4.06B including debt - Wildfire owners to receive 32.2M magnolia shares; magnolia assumes $600M wildfire notes - Increases secured credit facility to $2B borrowing base, $1.75B commitments - Expects over $100M in annual synergies and cost savings from acquisition - Increases qtrly dividend 9% to $0.18 per share payable in Q3 2026 - Raises fy2026 annual production growth guidance to 6% from 5% Magnolia oil & gas: expects deal to be immediately, highly accretive to key per share financial metrics including cash flow, free cash flow & earnings