Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Unvested RSU, PSU, and PRSU Activity

The following table presents a summary of Magnolia’s unvested equity-classified RSU, PRSU, and PSU activity for the six months ended June 30, 2026.


	Restricted Stock Units			Performance Restricted Stock Units			Performance Share Units
	Units	Weighted Average Grant Date Fair Value		Units	Weighted Average Grant Date Fair Value		Units	Weighted Average Grant Date Fair Value
Unvested at December 31, 2025 (1)	1,600,848	$	21.99	3,565	$	21.98	514,212	$	22.94
Granted	835,274	26.27		—	—		211,333	36.65
Adjusted for performance multiple (2)	—	—		—	—		52,553	24.69
Vested	(761,490)	21.83		(3,565)	21.98		(182,435)	24.69
Forfeited	(10,188)	23.58		—	—		—	—
Unvested at June 30, 2026	1,664,444	$	24.20	—	$	—	595,663	$	27.43

(1)In February 2026, the Company modified the performance conditions of PSUs granted in 2024 and 2025, resulting in additional compensation expense of $0.7 million that will be recognized prospectively over the remaining service periods. The modification affected fourteen grantees.

(2)Upon completion of the performance period for the PSUs granted in 2023, a performance multiple of 140% was applied to each of the grants resulting in additional PSUs earned in 2026.

The following table presents a summary of Magnolia’s unvested liability-classified PSU activity for the six months ended June 30, 2026.


			Performance Share Units
Unvested at December 31, 2025			280,459
Granted			101,620
Adjusted for performance multiple (1)			27,343
Vested			(94,921)
Forfeited			—
Unvested at June 30, 2026			314,501

(1)Upon completion of the performance period for the PSUs granted in 2023, a performance multiple of 140% was applied to each of the grants resulting in additional PSUs earned in 2026.

Schedule of Assumptions Used to Calculate Grant Date Fair Value of PSUs

The following table summarizes the Monte Carlo simulation assumptions used to calculate the grant date fair value of the equity-classified PSUs granted during the respective periods.


	Six Months Ended
Equity-classified PSU Grant Date Fair Value Assumptions	June 30, 2026	June 30, 2025
Expected term (in years)	2.90	2.88
Expected volatility	33.20%	38.62%
Risk-free interest rate	3.48%	4.28%
Dividend yield	2.87%	2.37%

The following table summarizes the Monte Carlo simulation assumptions used to remeasure the fair value of the liability-classified PSUs during the six months ended June 30, 2026.


Liability-classified PSU Remeasurement Fair Value Assumptions			June 30, 2026
Expected term (in years)			0.5 - 2.51
Expected volatility			32.42% - 35.97%
Risk-free interest rate			3.93% - 4.06%
Dividend yield			2.30%