Magnolia Oil & Gas: Over $700 Million In Projected FCF At Current 2026 Strip

Magnolia has no hedges, allowing it to fully benefit from commodity pricing upside. Although its production is around 39% oil, it also has substantial LNGs with a total liquids percentage around 68%. At the current strip (around $80 WTI oil), it is projected to generate $710 million in 2026 free cash flow.