MEGEF Stock - MEG Energy Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $5.74B | $6.11B | $6.34B | $4.40B | $2.30B |
| Gross Profit | $1.89B | $2.56B | $2.63B | $1.67B | $61.00M |
| Gross Margin | 32.9% | 41.9% | 41.4% | 38.1% | 2.7% |
| Operating Income | $863.00M | $917.00M | $1.57B | $898.00M | $-602,000,000 |
| Net Income | $507.00M | $569.00M | $902.00M | $283.00M | $-357,000,000 |
| Net Margin | 8.8% | 9.3% | 14.2% | 6.4% | -15.5% |
| EPS | $1.89 | $2.00 | $2.97 | $0.92 | $-1.18 |
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 10th 2023 | RBC Capital Mkts | Upgrade | Outperform | - |
| April 12th 2023 | RBC Capital Mkts | Downgrade | Sector Perform | - |
Earnings History & Surprises
MEGEFEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2025 | Nov 10, 2025 | $0.35 | $0.45 | +25.5% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $0.09 | $0.19 | +120.1% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $0.46 | $0.57 | +24.0% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $0.41 | $0.28 | -30.8% | ✗ MISS |
Q4 2024 | Nov 5, 2024 | $0.53 | $0.46 | -13.2% | ✗ MISS |
Q3 2024 | Jul 25, 2024 | $0.46 | $0.37 | -21.3% | ✗ MISS |
Q2 2024 | May 6, 2024 | $0.38 | $0.26 | -31.4% | ✗ MISS |
Q1 2024 | Feb 29, 2024 | $0.42 | $0.28 | -34.7% | ✗ MISS |
Q4 2023 | Nov 6, 2023 | $0.66 | $0.64 | -3.2% | ✗ MISS |
Q3 2023 | Jul 27, 2023 | $0.29 | $0.35 | +20.8% | ✓ BEAT |
Q2 2023 | May 1, 2023 | $0.26 | $0.20 | -20.0% | ✗ MISS |
Q1 2023 | Feb 27, 2023 | $0.64 | $0.53 | -17.2% | ✗ MISS |
Q4 2022 | Nov 9, 2022 | $0.89 | $0.51 | -42.7% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $0.85 | $0.72 | -15.3% | ✗ MISS |
Q2 2022 | May 2, 2022 | $0.92 | $1.15 | +25.0% | ✓ BEAT |
Q1 2022 | Mar 2, 2022 | $0.33 | $0.57 | +72.7% | ✓ BEAT |
Q4 2021 | Nov 8, 2021 | $0.28 | $0.21 | -25.0% | ✗ MISS |
Q3 2021 | Jul 22, 2021 | $0.11 | $0.22 | +100.0% | ✓ BEAT |
Q2 2021 | May 3, 2021 | $-0.03 | $-0.06 | -114.3% | ✗ MISS |
Q1 2021 | Mar 3, 2021 | $-0.06 | $0.05 | +183.3% | ✓ BEAT |
Latest News
Court Of King's Bench Of Alberta Grants Final Order In MEG Energy And Cenovus Transaction; Deal Expected To Close November 13
📈 PositiveMEG Energy Announces Shareholder Approval Of Cenovus Deal; Transaction Expected To Close In Mid-November
📈 PositiveCenovus Amends MEG Energy Deal Allowing Shareholders To Elect $30 Cash Or 1.255 Cenovus Shares, Capping Consideration At $3.8B And 159.6M Shares
➖ NeutralCenovus Raises MEG Energy Acquisition Offer To $29.80 Per Share, Lifting Total Deal Value To Nearly $9.2B With 50-50 Cash-Stock Mix
📈 Positive'Ninepoint Exits MEG Energy Stake Ahead of Cenovus Deal Vote' -Bloomberg
➖ Neutral'ISS Gives Lukewarm Endorsement to Cenovus Offer for MEG Energy'- Bloomberg
➖ NeutralMEG Energy Board Urges Shareholders To Reject Revised Strathcona Offer And Vote For Cenovus $8.2B Transaction
📉 Negative'MEG Energy Shareholder to Vote Against Cenovus' Takeover'- Bloomberg
📉 NegativeFrequently Asked Questions about MEGEF
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