MEG Stock Recent News

Strathcona's disciplined asset sales and debt elimination set the stage for a transformative, accretive acquisition of MEG Energy, doubling down on oil sands growth. The MEG takeover offers immediate operational and financial synergies, superior management, and a compelling value proposition for both Strathcona and MEG shareholders. Strathcona's strategy mirrors Canadian Natural Resources' proven playbook, positioning it for a valuation rerating and multi-bagger potential over a five-year horizon.

Canadian oil and gas producer Strathcona said on Friday that it will initiate a takeover bid for MEG Energy Resources in a deal that values the Canadian energy firm at C$5.93 billion ($4.25 billion), according to Reuters calculations.

CALGARY, AB , May 15, 2025 /PRNewswire/ - Strathcona Resources Ltd. (" Strathcona ") announced today that it intends to commence a take-over bid for MEG Energy Corp. (TSX: MEG) ("MEG"), pursuant to which Strathcona will offer (the "Offer") to acquire all of the issued and outstanding common shares of MEG ("MEG Shares"), not already owned by Strathcona or its affiliates, for 0.62 of a common share of Strathcona ("Strathcona Shares") and $4.10 in cash per MEG Share.

CALGARY, AB , May 15, 2025 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its first quarter 2025 financial and operational results and disclosed an investment in MEG Energy Corp. The Board of Directors also declared a quarterly dividend of $0.30 per share Q1 2025 Highlights Production of 194,609 boe/d (70% oil and condensate, 76% liquids)(1) Operating Earnings of $322.4 million ($1.51 / share) Free Cash Flow of $184.0 million ($0.86 / share)(2) Three Months Ended ($ millions, unless otherwise indicated) March 31, 2025 March 31, 2024 December 31, 2024 WTI (US$ / bbl) 71.42 76.96 70.27 WCS Hardisty (C$ / bbl) 84.30 77.77 80.75 AECO 5A (C$ / GJ) 2.05 2.36 1.40 Bitumen (bbls/d) 65,016 60,150 59,732 Heavy oil (bbls/d) 50,488 51,835 50,997 Condensate and light oil (bbls/d) 20,682 19,279 20,763 Total oil production (bbls/d) 136,186 131,264 131,492 Other NGLs (bbls/d) 11,837 11,738 12,980 Natural gas (mcf/d) 279,517 252,720 256,386 Productio

Montrose Environmental Group shows strong revenue growth but struggles with profitability, with net losses increasing despite higher revenues and adjusted EBITDA. Q1 2025 revenue rose 14.5% to $177.8M, but net loss widened to $19.4M; adjusted EBITDA guidance for 2025 increased by $2M. The Company's valuation multiples are lower than sector medians, but it may not be a bargain due to continued net losses and high forward P/E.

Montrose Environmental Group, Inc. (NYSE:MEG ) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET Company Participants Adrianne Griffin - Senior Vice President, Investor Relations and Treasury Vijay Manthripragada - President and CEO Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Chris Grego - Needham David Ridley Lane - Bank of America Operator Good morning. And welcome to the Montrose Environmental Group's First Quarter 2025 Earnings Call.

The headline numbers for Montrose Environmental (MEG) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Montrose Environmental (MEG) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a loss of $0.12 per share. This compares to earnings of $0.16 per share a year ago.

First Quarter 2025 Highlights (comparisons to first quarter 2024) Highest-ever first quarter revenue of $177.8 million, an increase of $22.5 million, or 14.5% Net loss of $19.4 million, or $0.64 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income1 of $5.8 million, or $0.07 Diluted Adjusted Net Income per share1 (Adj EPS) Highest-ever first quarter Consolidated Adjusted EBITDA1 of $19.0 million, an increase of $2.1 million, or 12.5% Highest-ever first quarter operating cash flow of $5.5 million, an increase of $27.5 million Reported leverage ratio of 2.2x as of March 31, 2025, and significant liquidity of $294.2 million, including $30.3 million of cash and $263.9 million available under the revolving credit facility Increased 2025 Guidance Increased expected full year 2025 Consolidated Adjusted EBITDA1 to a range of $103.0 million to $110.0 million, from $101.0 million to $108.0 million previously Reaffirms expected full year 2025 revenue within

Innovative PFAS treatment solutions support health and safety of residents LAS VEGAS , May 5, 2025 /PRNewswire/ -- Waste Expo, Las Vegas – Montrose Environmental Group (NYSE: MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us. The company's innovative PFAS treatment solutions have been deployed at Smith Creek Landfill in St. Clair County, Michigan and West Deptford Township, New Jersey.