Magnolia Oil & Gas(MGY) - 2023 Q3 - Earnings Call Presentation
Magnolia Oil & Gas(MGY)2023-11-03 04:37
Disclaimer NON-GAAP FINANCIAL MEASURES As performance measures, adjusted EBITDAX, adjusted cash operating costs and adjusted cash operating margin may be useful to investors in facilitating comparisons to others in the Company's industry because certain items can vary substantially in the oil and gas industry from company to company depending upon accounting methods, book value of assets, and capital structure, among other factors. Management believes excluding these items facilitates investors and analysts ...