Magnolia Oil & Gas Corporation (MGY) reported second-quarter 2024 net profit of 51 cents per share, reflecting an increase from the prior-year quarter's 48 cents. The outperformance can be attributed to a healthy increase in production volumes and higher oil prices year over year. The oil and gas exploration and production company's total revenues came in at $336.7 million, which missed the Zacks Consensus Estimate of $341 million. It was due to lower-than-expected revenues from natural gas. Moreover, the m ...