MEG Energy Past Earnings Performance
Past criteria checks 2/6
MEG Energy has been growing earnings at an average annual rate of 62.1%, while the Oil and Gas industry saw earnings growing at 40.5% annually. Revenues have been growing at an average rate of 17.4% per year. MEG Energy's return on equity is 12.6%, and it has net margins of 10.1%.
Key information
62.1%
Earnings growth rate
62.7%
EPS growth rate
| Oil and Gas Industry Growth | 42.1% |
| Revenue growth rate | 17.4% |
| Return on equity | 12.6% |
| Net Margin | 10.1% |
| Next Earnings Update | 06 May 2024 |
Recent past performance updates
Recent updates
MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks
Apr 21
The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts
Mar 05MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Mar 02Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Feb 13MEG Energy Corp. (TSE:MEG) Doing What It Can To Lift Shares
Jan 07MEG Energy Corp. (TSE:MEG) Shares Could Be 49% Below Their Intrinsic Value Estimate
Dec 20MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price
Dec 01We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt
Sep 28MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 88% Above Its Share Price
Sep 10Returns Are Gaining Momentum At MEG Energy (TSE:MEG)
Aug 23Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 18Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?
Jun 02MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue
May 13Here's Why We Think MEG Energy (TSE:MEG) Is Well Worth Watching
Apr 28MEG Energy (TSE:MEG) Seems To Use Debt Quite Sensibly
Feb 01If EPS Growth Is Important To You, MEG Energy (TSE:MEG) Presents An Opportunity
Jan 16Is MEG Energy Corp. (TSE:MEG) Trading At A 45% Discount?
Dec 04Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Oct 26Is Now The Time To Put MEG Energy (TSE:MEG) On Your Watchlist?
Sep 09Is MEG Energy Corp. (TSE:MEG) Trading At A 39% Discount?
Aug 19Is MEG Energy (TSE:MEG) Using Too Much Debt?
Jun 04An Intrinsic Calculation For MEG Energy Corp. (TSE:MEG) Suggests It's 35% Undervalued
May 08Newsflash: MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Revenue Forecasts
May 08Results: MEG Energy Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts
Mar 07Revenue & Expenses BreakdownBeta
How MEG Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 5,653 | 569 | 1,038 | 0 |
| 30 Sep 23 | 5,654 | 625 | 1,079 | 0 |
| 30 Jun 23 | 5,787 | 532 | 1,069 | 0 |
| 31 Mar 23 | 6,067 | 621 | 1,090 | 0 |
| 31 Dec 22 | 6,118 | 902 | 1,055 | 0 |
| 30 Sep 22 | 5,980 | 921 | 992 | 0 |
| 30 Jun 22 | 5,500 | 819 | 928 | 0 |
| 31 Mar 22 | 4,938 | 662 | 837 | 0 |
| 31 Dec 21 | 4,321 | 283 | 770 | 0 |
| 30 Sep 21 | 3,801 | 121 | 626 | 0 |
| 30 Jun 21 | 3,243 | 58 | 500 | 0 |
| 31 Mar 21 | 2,541 | -90 | 371 | 0 |
| 31 Dec 20 | 2,292 | -357 | 267 | 0 |
| 30 Sep 20 | 2,498 | -348 | 277 | 0 |
| 30 Jun 20 | 2,923 | -315 | 285 | 0 |
| 31 Mar 20 | 3,677 | -298 | 326 | 0 |
| 31 Dec 19 | 3,931 | -62 | 337 | 0 |
| 30 Sep 19 | 3,458 | -286 | 320 | 0 |
| 30 Jun 19 | 3,303 | -192 | 329 | -2 |
| 31 Mar 19 | 2,931 | -308 | 335 | -1 |
| 31 Dec 18 | 2,733 | -119 | 340 | 0 |
| 30 Sep 18 | 2,968 | 56 | 347 | 2 |
| 30 Jun 18 | 2,741 | 22 | 346 | 6 |
| 31 Mar 18 | 2,635 | 305 | 330 | 6 |
| 31 Dec 17 | 2,474 | 166 | 332 | 6 |
| 30 Sep 17 | 2,281 | -115 | 351 | 5 |
| 30 Jun 17 | 2,202 | -308 | 370 | 5 |
| 31 Mar 17 | 2,131 | -558 | 385 | 5 |
| 31 Dec 16 | 1,862 | -429 | 400 | 5 |
| 30 Sep 16 | 1,745 | -421 | 402 | 7 |
| 30 Jun 16 | 1,708 | -740 | 422 | 8 |
| 31 Mar 16 | 1,749 | -531 | 444 | 8 |
| 31 Dec 15 | 1,926 | -1,170 | 475 | 7 |
| 30 Sep 15 | 2,096 | -1,022 | 490 | 7 |
| 30 Jun 15 | 2,343 | -696 | 490 | 7 |
| 31 Mar 15 | 2,617 | -510 | 516 | 6 |
| 31 Dec 14 | 2,830 | -106 | 511 | 6 |
| 30 Sep 14 | 2,566 | -104 | 466 | 5 |
| 30 Jun 14 | 2,261 | 113 | 423 | 5 |
| 31 Mar 14 | 1,756 | -199 | 360 | 5 |
| 31 Dec 13 | 1,334 | -166 | 299 | 6 |
| 30 Sep 13 | 1,282 | -37 | 292 | 5 |
| 30 Jun 13 | 1,094 | -105 | 281 | 4 |
Quality Earnings: MEG has high quality earnings.
Growing Profit Margin: MEG's current net profit margins (10.1%) are lower than last year (14.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MEG has become profitable over the past 5 years, growing earnings by 62.1% per year.
Accelerating Growth: MEG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MEG had negative earnings growth (-36.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-37.9%).
Return on Equity
High ROE: MEG's Return on Equity (12.6%) is considered low.