MEG Energy Past Earnings Performance
Past criteria checks 6/6
MEG Energy has been growing earnings at an average annual rate of 47.3%, while the Oil and Gas industry saw earnings growing at 22.9% annually. Revenues have been growing at an average rate of 15.8% per year. MEG Energy's return on equity is 20.6%, and it has net margins of 14.7%.
Key information
47.3%
Earnings growth rate
46.6%
EPS growth rate
| Oil and Gas Industry Growth | 27.8% |
| Revenue growth rate | 15.8% |
| Return on equity | 20.6% |
| Net Margin | 14.7% |
| Next Earnings Update | 01 May 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
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 22 | 6,118 | 902 | 1,055 | 0 |
| 30 Sep 22 | 5,980 | 921 | 613 | 0 |
| 30 Jun 22 | 5,500 | 819 | 549 | 0 |
| 31 Mar 22 | 4,938 | 662 | 458 | 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 |
Quality Earnings: MEG N has high quality earnings.
Growing Profit Margin: MEG N's current net profit margins (14.7%) are higher than last year (6.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MEG N has become profitable over the past 5 years, growing earnings by 47.3% per year.
Accelerating Growth: MEG N's earnings growth over the past year (218.7%) exceeds its 5-year average (47.3% per year).
Earnings vs Industry: MEG N earnings growth over the past year (218.7%) exceeded the Oil and Gas industry -30.1%.
Return on Equity
High ROE: MEG N's Return on Equity (20.6%) is considered high.