10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-18-014300 |
| Period End Date | 20180930 |
| Filing Date | 20181113 |
| Fiscal Year | 2018 |
| Fiscal Period | Q3 |
| XBRL Instance | mgy-20180930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
29 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$36.72M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$23.00K | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$167.17M | USD | Point-in-time |
| Accounts receivable - related party |
AccountsReceivableRelatedPartiesCurrent
|
- | USD | Point-in-time |
| Drilling advances |
DrillingAdvances
|
$5.79M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$2.03M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$211.71M | USD | Point-in-time |
| Oil and natural gas properties |
OilAndGasPropertySuccessfulEffortMethodGross
|
$3.08B | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
$65.07M | USD | Point-in-time |
| Total property, plant and equipment, net |
OilAndGasPropertySuccessfulEffortMethodNet
|
$3.02B | USD | Point-in-time |
| Deferred financing costs, net |
DebtIssuanceCostsLineOfCreditArrangementsNet
|
$11.32M | USD | Point-in-time |
| Equity method investment, net |
EquityMethodInvestments
|
$18.41M | USD | Point-in-time |
| Intangibles, net |
FiniteLivedIntangibleAssetsNet
|
$41.98M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$3.30B | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$178.07M | USD | Point-in-time |
| Derivative liability |
DerivativeLiabilitiesCurrent
|
- | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$178.07M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$388.34M | USD | Point-in-time |
| Asset retirement obligations, net of current |
AssetRetirementObligationsNoncurrent
|
$43.44M | USD | Point-in-time |
| Long-term derivative liability |
DerivativeLiabilitiesNoncurrent
|
- | USD | Point-in-time |
| Deferred taxes, net |
DeferredIncomeTaxLiabilitiesNet
|
$47.24M | USD | Point-in-time |
| Other long term liabilities |
OtherLiabilitiesNoncurrent
|
- | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$479.02M | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$1.65B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$3.12M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$991.96M | USD | Point-in-time |
| PARENTS NET INVESTMENT |
NetParentInvestment
|
- | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$3.30B | USD | Point-in-time |
Income Statement
25 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenues |
Revenues
|
$178.56M | USD | 1 Quarter |
| Lease operating expenses |
LeaseAndRentalExpense
|
$11.02M | USD | 1 Quarter |
| Gathering, transportation and processing |
GasGatheringTransportationMarketingandProcessingCosts1
|
$5.75M | USD | 1 Quarter |
| Taxes other than income |
TaxesExcludingIncomeAndExciseTaxes
|
$9.35M | USD | 1 Quarter |
| Exploration expense |
ExplorationExpense
|
$11.22M | USD | 1 Quarter |
| Asset retirement obligation accretion |
AssetRetirementObligationAccretionExpense
|
$391.00K | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$67.48M | USD | 1 Quarter |
| General & administrative expenses |
GeneralAndAdministrativeExpense
|
$10.30M | USD | 1 Quarter |
| Transaction related costs |
BusinessCombinationAcquisitionRelatedCosts
|
$22.37M | USD | 1 Quarter |
| Total operating costs and expenses |
OperatingCostsAndExpenses
|
$137.87M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$40.69M | USD | 1 Quarter |
| Income (loss) from equity method investee |
IncomeLossFromEquityMethodInvestments
|
$309.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.96M | USD | 1 Quarter |
| Gain (loss) on derivatives, net |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-7.02M | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-11.67M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$29.02M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$3.54M | USD | 1 Quarter |
| NET INCOME |
ProfitLoss
|
$25.48M | USD | 1 Quarter |
| LESS: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$18.77M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCK |
NetIncomeLoss
|
$6.71M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.04 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.04 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
151.99M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
157.07M | shares | 1 Quarter |
Cash Flow Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
ProfitLoss
|
$25.48M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$67.48M | USD | 1 Quarter |
| Asset retirement obligations accretion expense |
AssetRetirementObligationAccretionExpense
|
$391.00K | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$570.00K | USD | 1 Quarter |
| Non-cash interest expense |
PaidInKindInterest
|
$4.21M | USD | 1 Quarter |
| (Gain) loss on derivatives, net |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Cash settlements of matured derivative contracts |
PaymentsForProceedsFromSettlementofDerivatives
|
- | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.49M | USD | 1 Quarter |
| Contingent consideration change in fair value |
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
$6.70M | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$218.00K | USD | 1 Quarter |
| Account receivable |
IncreaseDecreaseInAccountsReceivable
|
$77.50M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$282.00K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$60.31M | USD | 1 Quarter |
| Other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-45.00K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$90.68M | USD | 1 Quarter |
| Proceeds withdrawn from Trust Account |
ProceedsfromWithdrawalFromTrustAccount
|
$656.08M | USD | 1 Quarter |
| Additions to oil and natural gas properties |
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
$37.10M | USD | 1 Quarter |
| Purchase of and contributions to equity method investment |
PaymentsToAcquireEquityMethodInvestments
|
- | USD | 1 Quarter |
| Payment of Contingent Consideration |
PaymentForContingentConsiderationLiabilityInvestingActivities
|
$26.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-761.89M | USD | 1 Quarter |
| Parents contribution, net |
ProceedsFromContributionsFromParent
|
- | USD | 1 Quarter |
| Issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$355.00M | USD | 1 Quarter |
| Proceeds from issuance of long term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$400.00M | USD | 1 Quarter |
| Repayments of deferred underwriting compensation |
RepaymentsofDeferredStockIssuanceCosts
|
$22.75M | USD | 1 Quarter |
| Cash paid for debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$23.34M | USD | 1 Quarter |
| Other financing activities |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-1.01M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$707.90M | USD | 1 Quarter |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$36.69M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$36.72M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$23.00K | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS End of period |
CashAndCashEquivalentsAtCarryingValue
|
$36.72M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS End of period |
CashAndCashEquivalentsAtCarryingValue
|
$23.00K | USD | Point-in-time |
| Cash paid for income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$350.00K | USD | 1 Quarter |
| Accruals or liabilities for capital expenditures |
CapitalExpendituresIncurredButNotYetPaid
|
$45.24M | USD | 1 Quarter |
| Contingent Consideration issued in Business Combination |
NoncashorPartNoncashAcquisitionContingentConsiderationIssued
|
$149.70M | USD | 1 Quarter |
| Non-Compete agreement |
StockIssued1
|
$44.40M | USD | 1 Quarter |
| Equity issuances in connection with business combinations |
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
$1.48B | USD | 1 Quarter |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance at beginning of period |
NetParentInvestment
|
- | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.54B | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.64B | USD | Point-in-time |
| Class A Common Stock released from possible redemption |
StockIssuedDuringPeriodValueReleasedfromPossibleRedemption
|
$619.48M | USD | Point-in-time |
| Class A Common Stock redeemed |
StockRedeemedOrCalledDuringPeriodValue
|
$9.00K | USD | Point-in-time |
| Conversion of Common Stock from Class F to Class A at closing of Business Combination |
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
- | USD | Point-in-time |
| Common Stock issued as part of the Business Combination |
StockIssuedDuringPeriodValueAcquisitions
|
$1.42B | USD | Point-in-time |
| Common Stock issued as part of the Business Combination |
StockIssuedDuringPeriodValueAcquisitions
|
$58.21M | USD | 1 Quarter |
| Class A Common Stock issuance in private placement |
StockIssuedDuringPeriodValueNewIssues
|
$355.00M | USD | Point-in-time |
| Earnout consideration issued as part for the Business Combination |
AdjustmentstoAdditionalPaidinCapitalEarnoutConsiderationIssuedasPartofBusinessCombination
|
$149.70M | USD | Point-in-time |
| Non-compete consideration |
AdjustmentstoAdditionalPaidinCapitalNoncompeteConsideration
|
$44.40M | USD | Point-in-time |
| Net income |
ProfitLoss
|
$25.48M | USD | 1 Quarter |
| Changes in ownership interest adjustment |
MinorityInterestDecreaseFromRedemptions
|
- | USD | Point-in-time |
| Changes in ownership interest adjustment |
NoncontrollingInterestIncreaseFromBusinessCombination
|
- | USD | 1 Quarter |
| Changes in deferred tax liability |
AdjustmentstoAdditionalPaidinCapitalChangesinDeferredTaxLiability
|
$-52.79M | USD | Point-in-time |
| Changes in deferred tax liability |
AdjustmentstoAdditionalPaidinCapitalChangesinDeferredTaxLiability
|
$15.26M | USD | 1 Quarter |
| Balance at end of period |
NetParentInvestment
|
- | USD | Point-in-time |
| Balance at end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.54B | USD | Point-in-time |
| Balance at end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.64B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.