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MEG Energy Corp (MEGEF)
:MEGEF
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 11.04%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
MEG Energy had a strong year marked by record production, significant shareholder returns, and effective cost management. However, there are challenges related to increased project costs and potential tariff impacts. Overall, the positive achievements outweigh the challenges, reflecting confidence in future performance.Company Guidance
During MEG Energy's 2024 Q4 and full-year results conference call, the company provided several key metrics and guidance for the upcoming year. MEG Energy reported generating approximately $1.4 billion in adjusted funds flow and $837 million in free cash flow for 2024. The company achieved its net debt target of U.S. $600 million and announced a quarterly dividend of $0.10 per share, having returned over $1.3 billion to shareholders in the last three years through share repurchases and dividends. Record production was noted at over 102,000 barrels per day with a steam-to-oil ratio of 2.39. Improved bitumen realizations were attributed to strategic access to tidewater markets. For 2025, MEG expects production between 95,000 to 105,000 barrels per day, non-energy operating costs of $5.30 to $5.80 per barrel, and capital expenditures of $635 million. The company also anticipates generating $1.25 billion in adjusted funds flow with $615 million available for shareholder returns, potentially allowing for the repurchase of approximately 7% of outstanding shares. MEG highlighted its strategic focus on operational excellence, market access, and shareholder returns amid evolving market conditions.Record Production Achieved
MEG Energy achieved its fourth straight year of record production, surpassing 102,000 barrels per day with a steam-to-oil ratio of 2.39.
Strong Financial Performance
Generated approximately $1.4 billion in adjusted funds flow and $837 million of free cash flow, enabling the company to meet its U.S. $600 million net debt target.
Return of Capital to Shareholders
Instituted a quarterly dividend of $0.10 per share and repurchased 17 million shares, returning over $1.3 billion to shareholders over the last three years.
Improved Bitumen Realizations
Benefited from improved heavy oil fundamentals with WTI to AWB differentials narrowing to approximately $16 per barrel, a $5 improvement over 2023.
Cost Management Success
Operating expenses net of power revenue were top quartile at $6.32 per barrel, including non-energy operating costs of $5.39 per barrel.
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MEGEF Earnings History
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
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MEGEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $15.85 | $15.50 | -2.21% |
| Nov 05, 2024 | $18.96 | $19.30 | +1.79% |
| Jul 25, 2024 | $19.67 | $19.93 | +1.32% |
| May 06, 2024 | $22.83 | $22.72 | -0.48% |
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.
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FAQ
When does MEG Energy Corp (MEGEF) report earnings?
MEG Energy Corp (MEGEF) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is MEG Energy Corp (MEGEF) earnings time?
MEG Energy Corp (MEGEF) earnings time is at May 06, 2025, TBA Not 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 MEGEF EPS forecast?
MEGEF EPS forecast for the fiscal quarter 2025 (Q1) is 0.43.
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