• Magnolia Oil & Gas launched an underwritten public offering of USD 1 billion of Class A common stock.
• Net proceeds are earmarked to help fund cash consideration in Magnolia Operating’s planned acquisition of WildFire Intermediate Holdings.
• Funding plan also includes proceeds from new senior notes, revolver borrowings, and cash on hand.
• Underwriters will have a 30-day option to buy up to an additional USD 150 million of shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnolia Oil & Gas Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260720467339) on July 20, 2026, and is solely responsible for the information contained therein.