MEG Energy reports $159M in Q3 profit, down from last year
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CALGARY – Oilsands producer MEG Energy Corp. says its profits fell during the third quarter.
Net earnings for the period ended Sept. 30 amounted to $159 million, down from $167 million during the same period a year earlier.
Diluted earnings per share were flat year-over-year at 62 cents.
Revenue came in at $1.18 billion during the quarter, down from $1.27 billion during the same period last year.
Production for the quarter reached a record of 108,166 barrels per day compared with 103,298 during the prior-year quarter.
Last week, shareholders in MEG Energy voted in favour of an $8.6-billion takeover by Cenovus Energy Inc. in a deal that is expected to close this month after a final court approval and other customary conditions.
This report by The Canadian Press was first published Nov. 10, 2025.
Companies in this story: (TSX:MEG, TSX:CVE)