The earnings call reflects a strong start to 2025 for MEG Energy with significant achievements in increased funds from operations and production growth. However, concerns about increased capital expenditures and market volatility persist.

Company Guidance -

Q3 2025

During the MEG Energy 2025 Q1 results conference call, CEO Darlene Gates highlighted a strong quarter with a 24% increase in funds from operations per share and $223 million in free cash flow, of which $185 million was returned to shareholders. The company reported a 34% improvement in Edmonton WTI to WCS differentials, narrowing to $12.67 per barrel. Production reached 103,224 barrels per day, adhering to guidance, with a steam-to-oil ratio of 2.28. MEG continued to focus on capital allocation, balancing investments, share buybacks, and dividends, while maintaining flexibility amid volatile oil prices. Capital expenditures rose to $157 million, supporting facility expansion. The Board declared a quarterly dividend of $0.10 per share. Despite market volatility, MEG remains well-positioned due to its low break-even price and robust asset quality.

Increased Funds from Operations

MEG Energy reported a 24% increase in funds from operations per share in Q1 2025.

Free Cash Flow Generation

The company generated $223 million of free cash flow during the quarter, allowing it to return $185 million to shareholders.

Improved WTI to WCS Differentials

WTI to WCS differentials tightened to $12.67 per barrel, a 34% improvement from the previous year.

Production Increase

Production increased by 3% from the prior quarter, reaching 103,224 barrels per day.

Successful Facility Expansion Progress

Engineering and procurement work for facility expansion is well underway, with early construction activities already started.

Quarterly Dividend Declaration

MEG's Board of Directors declared a quarterly dividend of $0.10 per share for July 15, 2025.

MEG Energy (TSE:MEG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:MEG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.51 / -	0.62	―	―	―
Jul 31, 2025	2025 (Q2)	0.12 / 0.26	0.5	-48.00% (-0.24)	―
May 06, 2025	2025 (Q1)	0.67 / 0.82	0.36	127.78% (+0.46)	―
Feb 27, 2025	2024 (Q4)	0.59 / 0.40	0.37	8.11% (+0.03)	―
Nov 05, 2024	2024 (Q3)	0.71 / 0.62	0.86	-27.91% (-0.24)
Jul 25, 2024	2024 (Q2)	0.64 / 0.50	0.47	6.38% (+0.03)	―
May 06, 2024	2024 (Q1)	0.52 / 0.36	0.28	28.57% (+0.08)	―
Feb 29, 2024	2023 (Q4)	0.56 / 0.37	0.53	-30.19% (-0.16)	―
Nov 06, 2023	2023 (Q3)	0.90 / 0.86	0.51	68.63% (+0.35)
Jul 27, 2023	2023 (Q2)	0.39 / 0.47	0.72	-34.72% (-0.25)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:MEG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	C$27.31	―	―
May 06, 2025	C$19.58	C$19.29	-1.53%
Feb 27, 2025	C$22.77	C$22.34	-1.88%
Nov 05, 2024	C$26.17	C$27.00	+3.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does MEG Energy (TSE:MEG) report earnings?

MEG Energy (TSE:MEG) is schdueled to report earning on Nov 04, 2025, Before Open (Confirmed).

What is MEG Energy (TSE:MEG) earnings time?

MEG Energy (TSE:MEG) earnings time is at Nov 04, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:MEG EPS forecast?

TSE:MEG EPS forecast for the fiscal quarter 2025 (Q3) is 0.51.

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