MEG Energy Corp. (TSX:MEG)

Canada flag Canada · Delayed Price · Currency is CAD
30.89
+0.22 (0.72%)
Nov 14, 2025, 4:00 PM EST
0.72%
Market Cap6.62B
Revenue (ttm)4.25B
Net Income (ttm)543.00M
Shares Out214.24M
EPS (ttm)2.10
PE Ratio14.68
Forward PE17.16
Dividend0.44 (1.42%)
Ex-Dividend DateSep 12, 2025
Volume6,332,087
Average Volume1,187,420
Open30.50
Previous Close30.67
Day's Range30.49 - 31.03
52-Week Range17.00 - 31.09
Beta1.02
RSI65.42
Earnings DateNov 4, 2025

About MEG Energy

MEG Energy Corp., an energy company, focuses on in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil. It also transports and sells thermal oil in North America and internationally. The company was incorporated in 1999 and is headquartered in Calgary, Canada. [Read more]

Sector Energy
Founded 1999
Employees 475
Stock Exchange Toronto Stock Exchange
Ticker Symbol MEG
Full Company Profile

Financial Performance

In 2024, MEG Energy's revenue was 5.15 billion, a decrease of -8.92% compared to the previous year's 5.65 billion. Earnings were 507.00 million, a decrease of -10.90%.

Financial Statements

News

MEG takeover saga draws to a close as Cenovus completes purchase

Oilsands giant Cenovus Energy has completed its takeover of MEG Energy, and gets another 110,000 barrels of production per day with the purchase.

2 days ago - CBC News

CVE Completes Acquisition of MEG Energy to Enhance Oil Sands Portfolio

CVE Completes Acquisition of MEG Energy to Enhance Oil Sands Portfolio

2 days ago - GuruFocus

Investor Outlook: Cenovus takeover of MEG Energy caps new phase of oilsands consolidation

Cenovus completes its $8.6B MEG Energy takeover, reshaping Canada’s oilsands sector and setting new valuation benchmarks for heavy oil deals.

4 days ago - BNN Bloomberg

MEG Energy (MEGEF) Reports Strong Q3 Performance with Record Production

MEG Energy (MEGEF) Reports Strong Q3 Performance with Record Production

4 days ago - GuruFocus

MEG Energy Corp. Q3 Profit Misses Estimates

(RTTNews) - MEG Energy Corp. (MEG.TO) released a profit for third quarter that missed the Street estimates.

5 days ago - Nasdaq

MEG Energy Delivers Record Q3 Production and Strong Third Quarter 2025 Financial Results

CALGARY, AB , Nov. 10, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its third quarter 2025 operational and financial results. 1 "Our strong third quarter results are...

5 days ago - Benzinga

MEG Energy Corp. (MEG:CA) Shareholder/Analyst Call Prepared Remarks Transcript

MEG Energy Corp. ( MEG:CA) Shareholder/Analyst Call November 6, 2025 11:00 AM EST Company Participants James McFarland Presentation James McFarland Well, good morning, ladies and gentlemen. Welcome a...

9 days ago - Seeking Alpha

MEG Shareholders Approve Cenovus Takeover After Long Bidding War

MEG Energy Corp. shareholders agreed to be acquired by Cenovus Energy Inc. after a dramatic five-month bidding war and multiple attempts to secure enough support to get the deal approved.

9 days ago - Financial Post

MEG Energy shareholders approve Cenovus’ $8.6-billion takeover offer

More than 86% voted in favour of the hard-fought deal

9 days ago - Financial Post

MEG Energy shareholders vote in favor of Cenovus' takeover bid

Canadian oil sands producer MEG Energy shareholders on Thursday voted in favor of a buyout by Cenovus Energy.

9 days ago - Reuters

Cenovus Says MEG Vote Delay Related to Complaint by Ex-Employee

MEG Energy Corp. has postponed a shareholder vote on Cenovus Energy Inc.’s C$7.6 billion ($5.4 billion) takeover proposal because of a complaint by a former MEG employee who holds about 4,000 votes, a...

15 days ago - Financial Post

Cenovus ‘resolute in our commitment’ to MEG deal, CEO says

CALGARY — Oilsands giant Cenovus Energy Inc. foresees no further wrinkles in its takeover bid for MEG Energy Corp., a day after a shareholder meeting to approve the deal was delayed due to a last-minu...

15 days ago - Financial Post

MEG Energy (MEGEF) Reschedules Vote on Cenovus Takeover Proposal

MEG Energy (MEGEF) Reschedules Vote on Cenovus Takeover Proposal

15 days ago - GuruFocus

MEG Energy meeting on Cenovus deal postponed another week

MEG Energy said its special shareholders meeting to vote on Cenovus Energy's takeover proposal has been rescheduled to November 6 to allow time to disclose more information on asset sales.

15 days ago - Seeking Alpha

MEG Energy Corp. (MEG:CA) Shareholder/Analyst Call Prepared Remarks Transcript

MEG Energy Corp. ( MEG:CA) Shareholder/Analyst Call October 30, 2025 8:01 PM EDT Company Participants James McFarland Presentation James McFarland Well, good morning, ladies and gentlemen. Welcome to...

15 days ago - Seeking Alpha

MEG Energy adjourns shareholder vote on Cenovus offer citing regulatory inquiry

The board of Canadian oil sands company MEG Energy adjourned its expected shareholder vote Thursday on a buyout by Cenovus Energy , saying a regulatory inquiry has prompted the need to disclose additi...

15 days ago - Reuters

MEG meeting on Cenovus deal postponed another week

A MEG Energy Corp. shareholder vote on the proposed takeover by Cenovus Energy Inc. has been delayed another week.

15 days ago - BNN Bloomberg

MEG Again Delays Vote on Cenovus Deal Over Regulatory Issue

MEG Energy Corp. said it was postponing for a second time on Thursday a meeting to announce the results of a shareholder vote on the company’s acquisition by Cenovus Energy Inc., citing a last minute ...

16 days ago - Financial Post

MEG Energy pauses meeting on Cenovus takeover vote to address 'regulatory inquiry'

MEG Energy paused the shareholder meeting to vote on the Cenovus Energy takeover bid on Thursday, to address a "regulatory inquiry" it received on Wednesday evening.

16 days ago - Reuters

MEG meeting on Cenovus deal paused to address ‘regulatory inquiry’

The chairman of MEG Energy Corp. has paused a shareholder meeting on a proposed takeover by Cenovus Energy Inc.

16 days ago - BNN Bloomberg

Cenovus Energy (CVE) Enhances Offer for MEG Energy, Gains Key Shareholder Support

Cenovus Energy (CVE) Enhances Offer for MEG Energy, Gains Key Shareholder Support

19 days ago - GuruFocus

Cenovus raises MEG Energy offer, wins Strathcona support

Cenovus Energy Inc. has raised its takeover offer for MEG Energy Corp., winning the support of Strathcona Resources Ltd., which had opposed the deal.

19 days ago - CBC News