Magnolia Oil & Gas Corporation (MGY) reported a third-quarter 2024 net profit of 52 cents per share, which beat the Zacks Consensus Estimate of 48 cents. This outperformance can be attributed to a healthy increase in production volumes. However, the bottom line deteriorated from the year-ago quarter’s 54 cents, due to a 21.9% increase in operating expenses year over year.The oil and gas exploration and production company’s total revenues were $333.1 million, which beat the Zacks Consensus Estimate of $331 m ...