Magnolia also disclosed a proposed $500 million senior notes offering as part of financing for Magnolia Operating’s pending acquisition of WildFire Intermediate Holdings, LLC.
Magnolia Oil & Gas Corporation priced an underwritten public offering of 46,315,790 Class A common shares at $23.75 each and granted underwriters a 30-day option to buy up to 6,947,368 additional shares. The equity offering is expected to close on July 22, 2026, subject to customary conditions. Separately, Magnolia Oil & Gas Operating LLC announced a proposed $500 million senior notes offering. Magnolia previously said net proceeds from the stock sale, together with proceeds from a concurrent senior notes issuance by Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp., borrowings under Magnolia Operating’s revolving credit facility, and cash on hand, are intended to help fund Magnolia Operating’s acquisition of 100% of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC.