How did MGY's revenue and expenses trend in Q4 2024 compared to previous quarters?

Magna Oil & Gas Corporation (MGY) exhibited a seasonal pattern in its revenue and expenses, with a significant increase in revenue in Q4 2024 compared to the previous quarter, while expenses remained relatively stable.

1. **Revenue Trend**:
- In Q4 2024, MGY's total revenue reached $1.32 billion.
- This is a substantial increase from the previous quarter, Q3 2024, where the revenue was $989.28 million.
- The revenue trend also shows a consistent growth from the previous quarter, Q2 2024, with revenue of $656.14 million, to the quarter before that, Q1 2024, with revenue of $319.42 million.

2. **Expense Trend**:
- While revenue increased significantly, the total expenses for Q4 2024 are not available.
- However, the expenses in Q3 2024 were not provided, so it is not possible to determine the trend in expenses from Q3 to Q4 2024.
- The trend in expenses from Q2 to Q1 2024 shows a decrease in expenses from $206.87 million in Q2 2024 to $0 in Q1 2024.
3. **Conclusion**:
- MGY's revenue exhibited a strong seasonal pattern, with a significant increase in Q4 2024 compared to the previous quarter.
- The trend in expenses is not as clear due to the lack of data for Q3 2024 expenses, but the company showed a decrease in expenses from Q2 to Q1 2024.
- The increase in revenue in Q4 2024 could be indicative of improved operational efficiency or market conditions during that period.