In This Article:
MEG Energy (TSE:MEG) First Quarter 2025 Results
Key Financial Results
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Revenue: CA$1.16b (down 15% from 1Q 2024).
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Net income: CA$211.0m (up 115% from 1Q 2024).
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Profit margin: 18% (up from 7.2% in 1Q 2024). The increase in margin was driven by lower expenses.
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EPS: CA$0.82 (up from CA$0.36 in 1Q 2024).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MEG Energy EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with MEG Energy (including 1 which shouldn't be ignored).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.