Magnolia Income Before Tax from 2010 to 2024

MGY Stock  USD 28.19  0.60  2.08%   
Magnolia Oil Income Before Tax yearly trend continues to be fairly stable with very little volatility. Income Before Tax is likely to outpace its year average in 2024. During the period from 2010 to 2024, Magnolia Oil Income Before Tax regression line of annual values had significance of  0.43 and arithmetic mean of  103,658,307. View All Fundamentals
 
Income Before Tax  
First Reported
2017-06-30
Previous Quarter
131.9 M
Current Value
132.4 M
Quarterly Volatility
388.6 M
 
Covid
Check Magnolia Oil financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Magnolia Oil's main balance sheet or income statement drivers, such as Tax Provision of 17.8 M, Depreciation And Amortization of 289.4 M or Interest Expense of 31.4 K, as well as many indicators such as Price To Sales Ratio of 3.47, Dividend Yield of 0.0116 or PTB Ratio of 1.66. Magnolia financial statements analysis is a perfect complement when working with Magnolia Oil Valuation or Volatility modules.
  
Check out the analysis of Magnolia Oil Correlation against competitors.

Latest Magnolia Oil's Income Before Tax Growth Pattern

Below is the plot of the Income Before Tax of Magnolia Oil Gas over the last few years. Income Before Tax which can also be referred as pre-tax income is reported on Magnolia Oil income statement and is an important metric when analyzing Magnolia Oil Gas profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability. It is Magnolia Oil's Income Before Tax historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Magnolia Oil's overall financial position and show how it may be relating to other accounts over time.
Income Before Tax10 Years Trend
Pretty Stable
   Income Before Tax   
       Timeline  

Magnolia Income Before Tax Regression Statistics

Arithmetic Mean103,658,307
Coefficient Of Variation623.91
Mean Deviation350,196,635
Median22,144,000
Standard Deviation646,736,527
Sample Variance418268.1T
Range3B
R-Value0.22
Mean Square Error428448.9T
R-Squared0.05
Significance0.43
Slope31,955,226
Total Sum of Squares5855753.9T

Magnolia Income Before Tax History

2024577.3 M
2023549.8 M
20221.1 B
2021568.6 M
2020-1.9 B
201999.8 M
2018314.2 M

About Magnolia Oil Financial Statements

Magnolia Oil investors use historical fundamental indicators, such as Magnolia Oil's Income Before Tax, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Magnolia Oil. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Income Before Tax549.8 M577.3 M

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Additional Tools for Magnolia Stock Analysis

When running Magnolia Oil's price analysis, check to measure Magnolia Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magnolia Oil is operating at the current time. Most of Magnolia Oil's value examination focuses on studying past and present price action to predict the probability of Magnolia Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnolia Oil's price. Additionally, you may evaluate how the addition of Magnolia Oil to your portfolios can decrease your overall portfolio volatility.