10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001698990-19-000009 |
| Period End Date | 20190331 |
| Filing Date | 20190507 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | mgy-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$76.31M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$135.76M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$140.28M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$107.39M | USD | Point-in-time |
| Drilling advances |
DrillingAdvances
|
$12.86M | USD | Point-in-time |
| Drilling advances |
DrillingAdvances
|
$12.26M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$4.06M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$6.69M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$292.36M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$203.25M | USD | Point-in-time |
| Oil and natural gas properties |
OilAndGasPropertySuccessfulEffortMethodGross
|
$3.46B | USD | Point-in-time |
| Oil and natural gas properties |
OilAndGasPropertySuccessfulEffortMethodGross
|
$3.25B | USD | Point-in-time |
| Other |
PropertyPlantAndEquipmentOther
|
$360.00K | USD | Point-in-time |
| Other |
PropertyPlantAndEquipmentOther
|
$179.00K | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
$177.90M | USD | Point-in-time |
| Accumulated depreciation, depletion and amortization |
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
$293.86M | USD | Point-in-time |
| Total property, plant and equipment, net |
OilAndGasPropertySuccessfulEffortMethodNet
|
$3.17B | USD | Point-in-time |
| Total property, plant and equipment, net |
OilAndGasPropertySuccessfulEffortMethodNet
|
$3.07B | USD | Point-in-time |
| Deferred financing costs, net |
DebtIssuanceCostsLineOfCreditArrangementsNet
|
$10.73M | USD | Point-in-time |
| Deferred financing costs, net |
DebtIssuanceCostsLineOfCreditArrangementsNet
|
$10.15M | USD | Point-in-time |
| Equity method investment |
EquityMethodInvestments
|
$18.87M | USD | Point-in-time |
| Equity method investment |
EquityMethodInvestments
|
$19.26M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$34.73M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$38.36M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
- | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$2.04M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$3.44B | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$3.43B | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$196.36M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$181.99M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$2.47M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$1.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$197.36M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$184.46M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$388.93M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$388.63M | USD | Point-in-time |
| Asset retirement obligations, net of current |
AssetRetirementObligationsNoncurrent
|
$89.22M | USD | Point-in-time |
| Asset retirement obligations, net of current |
AssetRetirementObligationsNoncurrent
|
$84.98M | USD | Point-in-time |
| Deferred taxes, net |
DeferredIncomeTaxLiabilitiesNet
|
$54.59M | USD | Point-in-time |
| Deferred taxes, net |
DeferredIncomeTaxLiabilitiesNet
|
$58.10M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
- | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$694.00K | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$536.94M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$528.21M | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 15) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 15) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.64B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.64B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$48.53M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$35.51M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$1.03B | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$1.03B | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY |
LiabilitiesAndStockholdersEquity
|
$3.43B | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY |
LiabilitiesAndStockholdersEquity
|
$3.44B | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenues |
Revenues
|
$172.31M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$218.67M | USD | 1 Quarter |
| Lease operating expenses |
LeaseAndRentalExpense
|
$9.29M | USD | 1 Quarter |
| Lease operating expenses |
LeaseAndRentalExpense
|
$21.52M | USD | 1 Quarter |
| Gathering, transportation and processing |
GasGatheringTransportationMarketingandProcessingCosts1
|
$4.48M | USD | 1 Quarter |
| Gathering, transportation and processing |
GasGatheringTransportationMarketingandProcessingCosts1
|
$9.31M | USD | 1 Quarter |
| Taxes other than income |
TaxesExcludingIncomeAndExciseTaxes
|
$8.77M | USD | 1 Quarter |
| Taxes other than income |
TaxesExcludingIncomeAndExciseTaxes
|
$14.40M | USD | 1 Quarter |
| Exploration expense |
ExplorationExpense
|
$2.48M | USD | 1 Quarter |
| Exploration expense |
ExplorationExpense
|
$102.00K | USD | 1 Quarter |
| Asset retirement obligation accretion |
AssetRetirementObligationAccretionExpense
|
$1.33M | USD | 1 Quarter |
| Asset retirement obligation accretion |
AssetRetirementObligationAccretionExpense
|
$96.00K | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$115.95M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$51.36M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$3.63M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$16.20M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$5.71M | USD | 1 Quarter |
| Transaction related costs |
BusinessCombinationAcquisitionRelatedCosts
|
$353.00K | USD | 1 Quarter |
| Transaction related costs |
BusinessCombinationAcquisitionRelatedCosts
|
- | USD | 1 Quarter |
| Total operating costs and expenses |
OperatingCostsAndExpenses
|
$79.80M | USD | 1 Quarter |
| Total operating costs and expenses |
OperatingCostsAndExpenses
|
$185.16M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$92.51M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$33.52M | USD | 1 Quarter |
| Income from equity method investee |
IncomeLossFromEquityMethodInvestments
|
$368.00K | USD | 1 Quarter |
| Income from equity method investee |
IncomeLossFromEquityMethodInvestments
|
$388.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
- | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$7.42M | USD | 1 Quarter |
| Loss on derivatives, net |
DerivativeGainLossOnDerivativeNet
|
$-7.19M | USD | 1 Quarter |
| Loss on derivatives, net |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$1.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$124.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-7.03M | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-6.70M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$85.81M | USD | 1 Quarter |
| INCOME BEFORE INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$26.49M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$446.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$3.77M | USD | 1 Quarter |
| NET INCOME |
ProfitLoss
|
$22.71M | USD | 1 Quarter |
| NET INCOME |
ProfitLoss
|
$85.37M | USD | 1 Quarter |
| LESS: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$9.69M | USD | 1 Quarter |
| LESS: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCK |
NetIncomeLoss
|
$13.03M | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCK |
NetIncomeLoss
|
$85.37M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.08 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.08 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
156.32M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
158.14M | shares | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
ProfitLoss
|
$22.71M | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$85.37M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$115.95M | USD | 1 Quarter |
| Depreciation, depletion and amortization |
DepreciationDepletionAndAmortization
|
$51.36M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$3.63M | USD | 1 Quarter |
| Exploration expense, non-cash |
NoncashExplorationExpense
|
- | USD | 1 Quarter |
| Exploration expense, non-cash |
NoncashExplorationExpense
|
$483.00K | USD | 1 Quarter |
| Asset retirement obligations accretion expense |
AssetRetirementObligationAccretionExpense
|
$1.33M | USD | 1 Quarter |
| Asset retirement obligations accretion expense |
AssetRetirementObligationAccretionExpense
|
$96.00K | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$871.00K | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
- | USD | 1 Quarter |
| Non-cash interest expense |
PaidInKindInterest
|
$4.01M | USD | 1 Quarter |
| Non-cash interest expense |
PaidInKindInterest
|
- | USD | 1 Quarter |
| Loss on derivatives, net |
DerivativeGainLossOnDerivativeNet
|
$-7.19M | USD | 1 Quarter |
| Loss on derivatives, net |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Cash settlements of matured derivative contracts |
PaymentsForProceedsFromSettlementofDerivatives
|
$2.20M | USD | 1 Quarter |
| Cash settlements of matured derivative contracts |
PaymentsForProceedsFromSettlementofDerivatives
|
- | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.42M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$-118.00K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$2.43M | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$393.00K | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$368.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-5.01M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$35.48M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$618.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
- | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-41.05M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.27M | USD | 1 Quarter |
| Drilling advances |
IncreaseDecreaseinDrillingAdvances
|
- | USD | 1 Quarter |
| Drilling advances |
IncreaseDecreaseinDrillingAdvances
|
$599.00K | USD | 1 Quarter |
| Other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-35.00K | USD | 1 Quarter |
| Other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$611.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$116.56M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$104.61M | USD | 1 Quarter |
| Acquisition of EnerVest properties, final settlement |
ProceedsfromFinalSettlementofBusinessCombination
|
$4.25M | USD | 1 Quarter |
| Acquisition of EnerVest properties, final settlement |
ProceedsfromFinalSettlementofBusinessCombination
|
- | USD | 1 Quarter |
| Additions to oil and natural gas properties |
PaymentsToAcquireBusinessesGross
|
$53.33M | USD | 1 Quarter |
| Additions to oil and natural gas properties |
PaymentsToAcquireBusinessesGross
|
$150.14M | USD | 1 Quarter |
| Additions to oil and natural gas properties |
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
$134.44M | USD | 1 Quarter |
| Additions to oil and natural gas properties |
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
$87.59M | USD | 1 Quarter |
| Other investing |
PaymentsForProceedsFromOtherInvestingActivities
|
- | USD | 1 Quarter |
| Other investing |
PaymentsForProceedsFromOtherInvestingActivities
|
$-197.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-183.31M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-237.73M | USD | 1 Quarter |
| Parents contribution, net |
ProceedsFromContributionsFromParent
|
- | USD | 1 Quarter |
| Parents contribution, net |
ProceedsFromContributionsFromParent
|
$133.12M | USD | 1 Quarter |
| Partner contribution |
ProceedsFromPartnershipContribution
|
$7.30M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$7.30M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$133.12M | USD | 1 Quarter |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-59.45M | USD | 1 Quarter |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
- | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$76.31M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$135.76M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$76.31M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$135.76M | USD | Point-in-time |
| Accruals or liabilities for capital expenditures |
CapitalExpendituresIncurredButNotYetPaid
|
$39.53M | USD | 1 Quarter |
| Accruals or liabilities for capital expenditures |
CapitalExpendituresIncurredButNotYetPaid
|
$11.14M | USD | 1 Quarter |
| Right-of-use assets obtained in exchange for operating lease obligations |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$2.52M | USD | 1 Quarter |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance at beginning of period |
NetParentInvestment
|
$1.60B | USD | Point-in-time |
| Balance at beginning of period |
NetParentInvestment
|
$1.82B | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.72B | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.71B | USD | Point-in-time |
| Parents contribution, net |
NetParentInvestmentIncreasefromContribution
|
$133.12M | USD | 1 Quarter |
| Stock based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.43M | USD | 1 Quarter |
| Changes in ownership interest adjustment |
MinorityInterestPeriodIncreaseDecrease
|
$-87.00K | USD | 1 Quarter |
| Final settlement adjustment related to Business Combination |
SharesRedeemedDuringPeriodBusinessAcquisitionValue
|
$25.25M | USD | 1 Quarter |
| Contributions from noncontrolling interest owner |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
$8.81M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$22.71M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$85.37M | USD | 1 Quarter |
| Balance at end of period |
NetParentInvestment
|
$1.60B | USD | Point-in-time |
| Balance at end of period |
NetParentInvestment
|
$1.82B | USD | Point-in-time |
| Balance at end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.72B | USD | Point-in-time |
| Balance at end of period |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.71B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.