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MEG Energy (TSE:MEG)
TSX:MEG
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.35Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 29.25%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
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
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.
TSE:MEG 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
TSE:MEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | C$19.66 | C$19.36 | -1.53% |
Feb 27, 2025 | C$22.86 | C$22.43 | -1.88% |
Nov 05, 2024 | C$26.27 | C$27.11 | +3.17% |
Jul 25, 2024 | C$27.16 | C$27.57 | +1.49% |
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 Jul 31, 2025, TBA Not Confirmed.
What is MEG Energy (TSE:MEG) earnings time?
MEG Energy (TSE:MEG) earnings time is at Jul 31, 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 TSE:MEG EPS forecast?
TSE:MEG EPS forecast for the fiscal quarter 2025 (Q2) is 0.35.