MEG Energy Corp.

Toronto Stock Exchange MEG.TO

MEG Energy Corp. Return on Assets (ROA) for the year ending December 31, 2023: 8.25%

MEG Energy Corp. Return on Assets (ROA) is 8.25% for the year ending December 31, 2023, a -35.68% change year over year. Return on assets measures profitability against assets; higher ROA indicates efficient asset use and profitability.

MEG Energy Corp. Return on Assets (ROA) for the year ending December 31, 2022 was 12.83%, a 244.11% change year over year.
MEG Energy Corp. Return on Assets (ROA) for the year ending December 31, 2021 was 3.73%, a 175.42% change year over year.
MEG Energy Corp. Return on Assets (ROA) for the year ending December 31, 2020 was -4.94%, a -526.98% change year over year.
MEG Energy Corp. Return on Assets (ROA) for the year ending December 31, 2019 was -0.79%, a 44.39% change year over year.

Key data

Date	Return on Assets (ROA)	Return on Equity (ROE)	Return on Capital Employed (ROCE)	Interest Coverage Ratio

Toronto Stock Exchange: MEG.TO

MEG Energy Corp.

CEO	Ms. Darlene M. Gates
IPO Date	Aug. 17, 2010
Location	Canada
Headquarters	600 - 3rd Avenue SW
Employees	449
Sector	Energy
Industries Oil & Gas Geothermal Energy Oil Refining

Description

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.

Key trends

Past 5 years