• Magnolia Oil & Gas Corp average operating margin for 2023 was 50.92%, a 18.55% decline from 2022.
• Magnolia Oil & Gas Corp average operating margin for 2022 was 62.52%, a 47.77% decline from 2021.
• Magnolia Oil & Gas Corp average operating margin for 2021 was 42.31%, a 114.9% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.