TakeoverPE & activists

MGYMagnolia Oil & Gas Corp

Crude Petroleum & Natural Gas · $6.3B market cap · 262 employees

0.5×

Less likely than average to be taken private

Top 35% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

1of 15 firedHow well they predict deals →
14 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    270% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    2% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    13% of cash flow
    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
    —
    Over 40% of assets
  • Shareholder dissentNo
    91% lowest support
    Any vote under 80% support
  • Low revenue per employeeNo
    $5M · 70th pct
    Bottom quartile of its SIC industry
  • Quiet on AINo
    1.2 per 10K words · 39th pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    0.1× EBITDA net debt
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $6.3B market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    —
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    —
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months

Deal filings

FiledFormAcquirerPricePremium
Jul 2, 2018DEFM14ATPG Pace Energy Holdings Corp.$10.00100%
May 10, 2018PREM14ATPG Pace Energy Holdings Corp.$10.00100%

Key numbers

Revenue
$1.3BFY2021: $1.1BFY2022: $1.7BFY2023: $1.2BFY2024: $1.3BFY2025: $1.3B
0.3% YoY
Operating margin
33.5%FY2021: 55.9%FY2022: 63.4%FY2023: 43.6%FY2024: 38.9%FY2025: 33.5%
14% YoY
EBITDA
$877MFY2021: $790MFY2022: $1.3BFY2023: $859MFY2024: $926MFY2025: $877M
5.3% YoY
Net debt / EBITDA
0.1×
$98M net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$1.1B$1.7B$1.2B$1.3B$1.3B 0.3% FY2021: $1.1BFY2022: $1.7BFY2023: $1.2BFY2024: $1.3BFY2025: $1.3B
Operating income$603M$1.1B$534M$512M$439M 14% FY2021: $603MFY2022: $1.1BFY2023: $534MFY2024: $512MFY2025: $439M
Net income$417M$894M$388M$366M$325M 11% FY2021: $417MFY2022: $894MFY2023: $388MFY2024: $366MFY2025: $325M
Operating cash flow$788M$1.3B$856M$921M$879M 4.6% FY2021: $788MFY2022: $1.3BFY2023: $856MFY2024: $921MFY2025: $879M
Stock-based comp$12M$13M$16M$19M$27M 46% FY2021: $12MFY2022: $13MFY2023: $16MFY2024: $19MFY2025: $27M
Dividends$14M$75M$88M$98M$113M 16% FY2021: $14MFY2022: $75MFY2023: $88MFY2024: $98MFY2025: $113M

13D filers

FiledFilerFormStakeIntent
Sep 25, 2024EnerVest, Ltd.SC 13D/A3.8%Passive
May 15, 2024EnerVest, Ltd.SC 13D/A7.6%Passive
Nov 8, 2022EnerVest, Ltd.SC 13D/A14.1%Passive
Jun 6, 2022EnerVest, Ltd.SC 13D/A18.0%Passive
Mar 15, 2022EnerVest, Ltd.SC 13D/A21.9%Passive
Feb 8, 2022EnerVest, Ltd.SC 13D/A26.1%Passive
Oct 13, 2021EnerVest, Ltd.SC 13D/A29.4%Active
Oct 1, 2021EnerVest, Ltd.SC 13D/A31.5%Passive
Jun 21, 2021EnerVest, Ltd.SC 13D/A34.5%Passive
Mar 10, 2021EnerVest, Ltd.SC 13D/A39.5%Active

Insider trading

−$10Mnet selling by insiders, open market, last 12 months
Bought $431K · 5 tradesSold $11M · 7 trades

Pay vs performance

No pay-versus-performance disclosure yet.