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Magnolia expects 5% to 7% production growth in 2025 along with low-single digits oil production growth. This is with the same capex budget as 2024, and it could generate over $400 million in free cash flow at current strip. The majority of that free cash flow is expected to go towards share repurchases.
Magnolia's Q3 2024 total production was in-line with expectations despite some third-party midstream issues. Magnolia's oil production has been tracking a bit above expectations, and it now should finish 2024 with low-double digits growth compared to 2023. Magnolia's recent note offering pushes its note maturity to 2032, and it has no credit facility debt and more than $250 million in cash on h...
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