MEG Energy Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 06:08 pm
MEG Energy Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CAD 1,571 million compared to CAD 1,091 million a year ago. Net income was CAD 156 million compared to CAD 54 million a year ago. Basic earnings per share from continuing operations was CAD 0.51 compared to CAD 0.17 a year ago. Diluted earnings per share from continuing operations was CAD 0.51 compared to CAD 0.17 a year ago.
For the nine months, revenue was CAD 4,673 million compared to CAD 3,014 million a year ago. Net income was CAD 743 million compared to CAD 105 million a year ago. Basic earnings per share from continuing operations was CAD 2.42 compared to CAD 0.34 a year ago. Diluted earnings per share from continuing operations was CAD 2.38 compared to CAD 0.34 a year ago.