MEG Energy Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	4,247	5,149	5,653	5,970	4,222	2,235
Other Revenue	-	-	-	148	99	57
Revenue	4,247	5,149	5,653	6,118	4,321	2,292
Revenue Growth (YoY)	-22.02%	-8.92%	-7.60%	41.59%	88.52%	-41.69%
Cost of Revenue	1,900	2,640	3,091	2,983	2,197	1,823
Gross Profit	2,347	2,509	2,562	3,135	2,124	469
Selling, General & Admin	1,028	988	1,003	1,019	744	281
Other Operating Expenses	15	21	43	20	291	-384
Operating Expenses	1,506	1,653	1,677	1,582	1,511	646
Operating Income	841	856	885	1,553	613	-177
Interest Expense	-70	-84	-114	-164	-243	-267
Interest & Investment Income	7	8	6	4	2	3
Currency Exchange Gain (Loss)	-21	-67	22	-113	29	49
Other Non Operating Income (Expenses)	-46	-10	-64	-18	-	-25
EBT Excluding Unusual Items	711	703	735	1,262	401	-417
Merger & Restructuring Charges	-	-	-	-1	-	-10
Gain (Loss) on Sale of Assets	-	-	-	-9	4	6
Asset Writedown	-	-	-	-	-	-13
Legal Settlements	-	-	-	-	-21	-
Other Unusual Items	-	-7	-12	-30	-18	-43
Pretax Income	711	696	723	1,222	366	-477
Income Tax Expense	168	189	154	320	83	-120
Net Income	543	507	569	902	283	-357
Net Income to Common	543	507	569	902	283	-357
Net Income Growth	7.74%	-10.90%	-36.92%	218.73%	-	-
Shares Outstanding (Basic)	256	268	285	304	306	302
Shares Outstanding (Diluted)	257	270	288	309	311	302
Shares Change (YoY)	-6.54%	-6.25%	-6.80%	-0.64%	2.98%	1.00%
EPS (Basic)	2.12	1.89	2.00	2.97	0.92	-1.18
EPS (Diluted)	2.10	1.87	1.98	2.92	0.91	-1.18
EPS Growth	14.78%	-5.56%	-32.19%	220.88%	-	-
Free Cash Flow	418	792	900	1,512	359	153
Free Cash Flow Per Share	1.63	2.93	3.13	4.89	1.15	0.51
Dividend Per Share	0.410	0.200	-	-	-	-
Gross Margin	55.26%	48.73%	45.32%	51.24%	49.16%	20.46%
Operating Margin	19.80%	16.63%	15.65%	25.38%	14.19%	-7.72%
Profit Margin	12.78%	9.85%	10.06%	14.74%	6.55%	-15.58%
Free Cash Flow Margin	9.84%	15.38%	15.92%	24.71%	8.31%	6.68%
EBITDA	1,256	1,469	1,477	2,048	1,043	569
EBITDA Margin	29.57%	28.53%	26.13%	33.48%	24.14%	24.82%
D&A For EBITDA	415	613	592	495	430	746
EBIT	841	856	885	1,553	613	-177
EBIT Margin	19.80%	16.63%	15.65%	25.38%	14.19%	-7.72%
Effective Tax Rate	23.63%	27.16%	21.30%	26.19%	22.68%	-
Revenue as Reported	4,247	5,149	5,653	6,118	4,321	2,292

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.