MEG Energy Corp. (TSX:MEG)

MEG Energy Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue Revenue Growth	4,247	5,149	5,653	6,118	4,321	2,292
Revenue Growth	-22.02%	-8.92%	-7.60%	41.59%	88.52%	-41.69%
Gross Profit Gross Profit Growth	2,347	2,509	2,562	3,135	2,124	469
Operating Income Operating Income Growth	841	856	885	1,553	613	-177
Net Income Net Income Growth	543	507	569	902	283	-357
Earnings Per Share EPS Growth	2.10	1.87	1.98	2.92	0.91	-1.18
EPS Growth	14.78%	-5.56%	-32.19%	220.88%	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Royalties Royalties Growth	-384	-591	-456	-225	-76	-9
Petroleum Revenue, Net of Royalties Petroleum Revenue, Net of Royalties Growth	4,208	5,091	5,536	5,970	4,222	2,235
Power Power Growth	37	56	114	144	87	45
Transportation Transportation Growth	-	2	3	4	12	12
Canada - Petroleum Canada - Petroleum Growth	1,550	1,862	1,585	1,665	1,880	804
United States - Petroleum United States - Petroleum Growth	3,042	3,820	4,407	4,530	2,418	1,440

Cash & Debt

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Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Investments Cash & Investments Growth	191	175	174	205	375	129
Total Debt Total Debt Growth	1,063	1,105	1,383	1,825	3,028	3,198
Net Cash (Debt) Net Cash Growth	-872	-930	-1,209	-1,620	-2,653	-3,069
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-3.39	-3.44	-4.20	-5.24	-8.53	-10.16

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Cash Flow Operating Cash Flow Growth	1,076	1,340	1,349	1,888	690	302
Capital Expenditures CapEx Growth	-658	-548	-449	-376	-331	-149
Free Cash Flow Free Cash Flow Growth	418	792	900	1,512	359	153
Free Cash Flow Growth	-61.48%	-12.00%	-40.48%	321.17%	134.64%	-64.66%

Margins

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Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
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%
Pretax Margin	16.74%	13.52%	12.79%	19.97%	8.47%	-20.81%
Profit Margin	12.78%	9.85%	10.06%	14.74%	6.55%	-15.58%
FCF Margin	9.84%	15.38%	15.92%	24.71%	8.31%	6.68%

Dividends

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Fiscal Year	Current	FY 2024
Period Ending	Sep 2, 2026	Dec 31, 2024
Dividend Per Share Dividend Per Share Growth	0.440	0.200
Dividend Per Share Growth	0%	-
Dividend Yield	1.42%	0.86%

Valuation

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Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 2, 2026	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
PE Ratio	14.68	12.17	11.61	6.17	12.69	-
Forward PE	16.77	11.69	8.30	11.66	6.29	-
P/FCF Ratio	15.83	7.79	7.34	3.68	10.00	8.80
PS Ratio	1.56	1.20	1.17	0.91	0.83	0.59

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Dec 16, 2025

Data Sources Report a data error