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MEG Energy
(TSX:MEG)
MEG Energy (MEG) vs. iShares MSCI Canada ETF (EWC)
MEG Energy Business Overview & Revenue Model
MEG Energy Earnings Call Summary
MEG Energy Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.52B | 5.74B | 6.11B | 6.34B | 4.40B | 2.30B |
| Gross Profit | 2.03B | 1.89B | 1.97B | 2.63B | 1.67B | 61.00M |
| EBITDA | 1.46B | 1.40B | 1.46B | 1.89B | 1.07B | 210.00M |
| Net Income | 620.00M | 507.00M | 569.00M | 902.00M | 283.00M | -357.00M |
Balance Sheet | ||||||
| Total Assets | 6.75B | 6.74B | 6.90B | 7.03B | 7.59B | 7.22B |
| Cash, Cash Equivalents and Short-Term Investments | 88.00M | 156.00M | 160.00M | 192.00M | 361.00M | 114.00M |
| Total Debt | 1.08B | 1.10B | 1.38B | 1.82B | 3.03B | 3.20B |
| Total Liabilities | 2.16B | 2.19B | 2.37B | 2.65B | 3.79B | 3.72B |
| Stockholders Equity | 4.59B | 4.55B | 4.53B | 4.38B | 3.81B | 3.51B |
Cash Flow | ||||||
| Free Cash Flow | 726.00M | 792.00M | 900.00M | 1.51B | 359.00M | 153.00M |
| Operating Cash Flow | 1.32B | 1.34B | 1.35B | 1.89B | 690.00M | 302.00M |
| Investing Cash Flow | -557.00M | -501.00M | -478.00M | -354.00M | -281.00M | -189.00M |
| Financing Cash Flow | -769.00M | -860.00M | -896.00M | -1.73B | -165.00M | -216.00M |
MEG Energy Technical Analysis
MEG Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $6.54B | 10.91 | 13.64% | 1.55% | -10.66% | 13.34% | |
52 Neutral | C$2.91B | -0.88 | -3.26% | 6.30% | 2.20% | -43.43% | |
| $4.00B | 18.61 | 4.07% | 5.50% | ― | ― | ||
| $8.19B | 5.98 | 16.40% | 7.97% | ― | ― | ||
| $4.04B | 25.15 | 8.39% | 4.22% | ― | ― | ||
77 Outperform | C$6.48B | 9.15 | 12.43% | 3.96% | 796.07% | -35.52% | |
68 Neutral | C$3.90B | 13.05 | 11.17% | 9.30% | 2.80% | -7.94% |
MEG Energy Corporate Events
MEG Energy’s Board of Directors has advised shareholders to reject Strathcona Resources Ltd.’s unsolicited offer to acquire MEG shares, deeming it inadequate and not in the best interest of shareholders. The board highlights that the offer exposes shareholders to inferior assets and potential market risks due to Waterous Energy Fund’s significant ownership, which could lead to downward pressure on share prices. MEG Energy emphasizes its strong financial position and growth potential, supported by its robust asset portfolio and strategic investments, as reasons for pursuing a standalone strategy or seeking superior offers.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy has announced the resumption of operations at its Christina Lake Regional Project following disruptions caused by regional wildfires. The company has successfully restored its connection to Alberta’s electric grid and restarted Phase 2B operations after a turnaround, highlighting the support received from emergency responders and the dedication of its employees and contractors. This development marks a significant step in stabilizing MEG’s operations and ensuring continued energy supply, reinforcing its position in the energy sector.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy has safely evacuated non-essential personnel from its Christina Lake Regional Project due to nearby wildfires, while maintaining critical staff on site. The wildfires have caused a power outage affecting the startup of the company’s Phase 2B operations, delaying approximately 70,000 barrels per day of production. MEG is leveraging its cogeneration capabilities to continue production and is working with stakeholders to restore full capacity.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy has advised its shareholders to refrain from taking any action regarding an unsolicited takeover bid by Strathcona Resources. The company’s Board of Directors, supported by financial and legal advisors, is evaluating the offer and will provide a recommendation within 15 days. MEG remains committed to its long-term strategy and has terminated its automatic share purchase plan due to the takeover bid.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy has acknowledged Strathcona Resources Ltd.’s announcement of an intention to make an unsolicited offer to acquire all outstanding common shares of MEG. The MEG Board of Directors is set to evaluate the offer once received and advises shareholders to refrain from taking any action until a formal review and recommendation are made. MEG has appointed BMO Capital Markets as its financial advisor and Burnet, Duckworth & Palmer LLP as its legal advisor.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy Corp. announced the successful election of all ten nominees as directors at its annual shareholder meeting, reflecting strong shareholder support. Additionally, the appointment of PricewaterhouseCoopers LLP as auditor and the approval of unallocated restricted share units and executive compensation approach were confirmed, indicating stable governance and strategic alignment with shareholder interests.
MEG Energy reported a 24% increase in funds from operations per share for the first quarter of 2025, highlighting its strong financial foundation and potential for substantial growth in free cash flow despite uncertain commodity prices. The company achieved a production rate of 103,224 barrels per day and returned $185 million to shareholders through share repurchases and dividends, maintaining its 2025 operating and capital guidance.
MEG Energy reported a 24% increase in funds from operations per share for the first quarter of 2025, highlighting its strong financial foundation and operational excellence. The company achieved a production rate of 103,224 barrels per day and generated $380 million in funds from operations, with a free cash flow of $223 million after capital expenditures. MEG Energy returned $185 million to shareholders through share repurchases and dividends, maintaining its operational and capital guidance for 2025. This performance underscores MEG’s strategic positioning for long-term success despite uncertain commodity price environments.
MEG Energy announced its first quarter results for 2025, which will be released on May 6, 2025, after market close. The company has scheduled a conference call for May 7, 2025, to discuss these results. This announcement is significant for stakeholders as it provides insights into the company’s operational performance and market positioning in the energy sector.
MEG Energy has announced an amendment to its Restricted Share Unit Plan, reducing the aggregate number of common shares available to a rolling 4% of outstanding shares. This change aligns with Institutional Shareholder Services’ recommendations to ensure shareholder value transfer does not exceed benchmarks. The amendment will be voted on at the upcoming annual shareholder meeting, reflecting MEG’s commitment to a ‘pay for performance’ culture and alignment with shareholders.