Magnolia Oil & Gas Corp (MGY)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	388,302	521,595	665,042	824,133	893,837	812,328	686,215	520,077	417,282	294,798	184,581	81,864	-1,208,390	-1,228,018	-1,226,618	-1,189,840	50,196	74,998	70,627	138,570
Revenue (ttm)	US$ in thousands	1,226,979	1,253,393	1,420,678	1,625,036	1,694,493	1,677,604	1,479,683	1,247,084	1,078,352	902,231	738,256	569,045	541,303	620,995	744,727	904,846	942,155	961,486	894,850	851,879
Net profit margin		31.65%	41.61%	46.81%	50.71%	52.75%	48.42%	46.38%	41.70%	38.70%	32.67%	25.00%	14.39%	-223.24%	-197.75%	-164.71%	-131.50%	5.33%	7.80%	7.89%	16.27%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $388,302K ÷ $1,226,979K
= 31.65%

The net profit margin of Magnolia Oil & Gas Corp has shown a fluctuating trend over the past quarters. The company's net profit margin was consistently positive from Dec 2019 to Jun 2023, indicating that the company was generating profits relative to its revenue during this period. Notably, the net profit margin peaked at 52.75% in Dec 2022, suggesting efficient cost management and profitability.

However, there was a significant downturn in profits in the following quarter as evidenced by negative net profit margins in Mar 2021 and Dec 2020, which could be due to various factors such as higher expenses, impairment charges, or other exceptional items impacting profitability negatively.

It's essential for investors and stakeholders to closely monitor the company's net profit margin performance to assess its profitability and financial health over time. A consistently high and positive net profit margin indicates effective cost control and healthy profitability, while recurring negative margins may signal financial challenges that require further analysis and management actions.