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MEG Energy Corp.

MEG Energy Corp.

MEG.TO
MEG Energy Corp.CA flagToronto Stock Exchange
30.89
CAD
+0.22
- -
7.86BMarket Cap
MEG Energy Corp.
MEG.TO
(Toronto Stock Exchange)

Recent

price

30.89

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
0.17
4.11
5.55
5.47
6.19
13.15
8.67
8.3
8.64
9.36
13.3
7.62
14.37
20.87
21.44
22.06
18.07
Revenue per Share
0.37
0.28
0.33
0.27
-0.75
-0.47
-5.21
-1.9
0.57
-0.4
-0.21
-1.18
0.92
2.97
2
1.95
2.12
Basic EPS, GAAP
-2.91
-2.31
1.63
1.22
0.57
-2.45
-0.9
-1.03
-0.66
-1.16
2.11
1
2.25
6.21
4.73
5.15
4.2
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.1
0.3
Dividend per Share
-0.59
-0.24
20.27
24.25
21
20.6
15.45
13.65
13.06
12.42
12.18
10.93
11.8
13.74
15.14
16.64
17.72
Book Value per Share
22.28
21.53
20.52
24.53
21.3
20.98
16
14.47
13.66
13.09
12.89
11.61
12.43
14.4
15.87
17.49
18.56
Tangible Book Value per Share
139
177
192
197
222
223
225
226
289
296
299
302
306
304
285
260
256
Basic Weighted Avg Shares
24
730
1,068
1,076
1,373
2,937
1,947
1,875
2,497
2,771
3,976
2,301
4,397
6,343
6,109
5,740
4,631
Sales/Revenue/Turnover
-195.31
12.07
19.55
10.17
7.87
18.32
-10.79
-14.26
8.2
3.64
8.2
-25.21
20.38
24.66
15.01
15.03
18.16
Operating Margin (%)
3
98
124
145
189
379
467
500
476
452
710
410
450
507
596
620
426
Depreciation Expense
51
50
64
53
-166
-106
-1,170
-429
166
-119
-62
-357
283
902
569
507
543
Net Income, GAAP
- -
19.64
41.8
15.72
- -
- -
- -
- -
- -
- -
- -
- -
22.68
26.19
21.3
27.16
23.63
Effective Tax Rate (%)
213.28
6.79
5.98
4.88
-12.12
-3.59
-60.09
-22.87
6.65
-4.29
-1.56
-15.51
6.44
14.22
9.31
8.83
11.73
Profit Margin (%)
989
1,326
1,475
1,656
1,046
526
363
96
313
289
123
55
151
289
278
300
381
Working Capital
1,030
958
1,741
2,479
3,991
4,350
5,190
5,053
4,668
3,871
3,382
3,170
2,721
1,805
1,368
1,089
1,047
LT Debt
3,096
3,854
3,984
4,871
4,788
4,768
3,678
3,287
3,964
3,885
3,853
3,506
3,808
4,383
4,527
4,553
4,759
Total Equity
- -
1.58
2.3
1.41
- -
- -
- -
- -
- -
- -
- -
- -
10.23
17.7
11.91
10.87
11.18
Return on Invested Capital (%)
- -
9.67
3.25
2.01
- -
- -
- -
- -
- -
- -
- -
- -
7.17
16.19
11.26
10.21
10.7
Return on Capital (%)
- -
- -
- -
1.21
-3.53
-2.28
-28.98
-13.08
4.84
-3.19
-1.69
-10.28
8.19
23.17
13.4
11.73
12.14
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
- -
- -
16
LT Borrowings
857
812
829
LT Finance Leases
226
237
218
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
255
254
254
Market Capitalization
6,656
6,678
7,197

Working Capital

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
815
721
905
Cash, Cash Equivalents & STI
88
195
130
Accounts Receivable, Net
11
10
9
Inventories
275
325
294
Total Current Liabilities
481
525
524
Payables & Accruals
426
471
471
ST Debt
- -
- -
16
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.29%
3.71%
0.57%
Free Cash Flow
-4.92%
44.15%
-0.67%
Net Income, GAAP
105.41%
93.49%
-10.9%
Sales/Revenue/Turnover
13.37%
16.7%
-6.04%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,511
1,349
1,619
1,630
6,109
2024
1,492
1,535
1,434
1,279
5,740
2025
1,270
825
1,257
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.28
0.47
0.87
- -
2
2024
0.36
0.5
0.62
0.41
1.95
2025
0.82
0.26
0.62
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
0.1
2025
0.1
0.1
0.1
- -
- -
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Business
MEG Energy Corp. is a Canadian oil sands producer focused on sustainable in situ thermal oil production in the southern Athabasca oil sands region of Alberta. The company develops enhanced oil recovery projects utilizing steam-assisted gravity drainage (SAGD) extraction methods to produce bitumen from reservoirs more than 1,000 feet below the surface; it transports and sells its thermal oil, marketed as Access Western Blend (AWB), to customers throughout North America and internationally. MEG owns a 100% interest in over 410 square miles of mineral leases and operates its flagship Christina Lake Project, a multi-phased development located 150 kilometers south of Fort McMurray comprising approximately 200 square kilometers of land, where it employs proprietary technologies to reduce energy and water use, capital and operating costs, and greenhouse gas intensity. Founded in 1999 as McCaffrey Energy Group Inc. and headquartered in Calgary, Alberta, MEG became a subsidiary of Cenovus Energy Inc. following the completion of its CA$7.9 billion cash-and-stock acquisition on November 13, 2025, after agreeing to the deal in August 2025 and rejecting a prior hostile bid from Strathcona Resources; this transaction consolidates adjacent SAGD assets at Christina Lake, enabling integrated development, accelerated resource access, and synergies exceeding $400 million annually by 2028. In May 2024, Darlene Gates succeeded Derek Evans as President and Chief Executive Officer.