Magnolia Oil & Gas Corp — Form 8-K
Filed July 20, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 82/100
What the filing says
Magnolia Oil & Gas agreed to acquire 100% of WildFire Energy I LLC for estimated ~$4.1B (as of July 6, 2026), comprising $2.65B cash, $805M in stock (32.2M shares at $25.01/share), and assumption of $600M in 7.5% senior notes. WildFire holds ~810,000 net acres primarily in East Texas (Eagle Ford, Austin Chalk, Woodbine), producing 53 MBoe/d (~70% oil); proved reserves 271.2 MMBoe as of Dec 31, 2025. Financing: $100M cash on hand, $970M equity offering, $1.1B revolver draw, $500M new 7% notes. Expected close Q3 2026.
Why this rating
Large transformational acquisition (~4.1B on ~4.1B market cap = material for Magnolia; adds 53 MBoe/d ~50% production boost). Significant leverage increase but strategically transformative acreage/reserve base.
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