MEG Energy Corp.

MEG.TOTSXEnergy

$30.89

+$0.22(+0.72%)

Market Cap$7.9B

P/E Ratio—

52W High$31.09

52W Low$17

Avg Volume1.5M

Open$30.50

Beta1.01

Cash on Hand Financials Revenue

MEG Energy Corp. (MEG.TO) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

MEG.TO · cash on hand · updated Dec 31, 2024

Core cash position

as of Dec 31, 2024

Cash & Short-Term Investments (CCE + ST Investments)

$156.0M▼ -2.5% vs prior year

FY · as of Dec 31, 2024 · Reported in CAD

Cash & Cash Equiv. (CCE)

$156.0M

cashAndCashEquivalents

Short-Term Investments

shortTermInvestments

YoY Change vs Prior Year

-2.5%

vs prior fiscal year

Latest Quarter

$130.0M

Q3 2025

Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in CAD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2024

Net cash vs debt

Cash vs Debt · Balance Sheet Health

Cash & ST Investments$156.0MCash on Hand

Total Debt$1.10BTotal Debt

Net Cash / Net Debt−$949.0MNet Debt Position

Cash vs Debt Ratio

Cash 12%MEG Energy Corp. cash as % of market cap: 1.99%% · MCap $8BDebt 88%

MEG Energy Corp. carries a net debt position of $949.0M. Total debt ($1.10B) exceeds cash on hand ($156.0M). MEG Energy Corp. cash vs debt ratio: 12% cash / 88% debt.

Net Cash = Cash & ST Investments − Total Debt$156.0M − $1.10B = −$949.0M

Cash on hand history

annual cash on hand trend · Cash & Short-Term Investments

YoY Increase

YoY Decrease

Latest Year

MEG.TO annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

MEG.TO cash & short-term investments history

DatePeriodCash & ST InvestmentsYoY Change

Dec 31, 2024LatestFY$156.0M-2.5%

Dec 31, 2023FY$160.0M-16.7%

Dec 31, 2022FY$192.0M-46.8%

Dec 31, 2021FY$361.0M+216.7%

Dec 31, 2020FY$114.0M-44.7%

MEG.TO cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Energy Sector Cash Reserves Comparison

MEG.TO vs peers · cash on hand

#CompanyCash & ST Inv.Market CapCash/MCapRelative

Exxon Mobil Corporation

MEG Energy Corp.YOU

MEG.TO

$156.0M$8B2.0%

Energy sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

MEG Energy Corp. (MEG.TO) cash on hand as of December 31, 2024 is $156.0M, comprising $156.0M in cash and cash equivalents (CCE) plus $0 in short-term investments — reported as MEG Energy Corp. cash and short-term investments on the balance sheet (10-K filing). Also referred to as MEG Energy Corp. cash reserves or cash position.

MEG Energy Corp. annual cash on hand history shows decreased -2.5% in 2024: decreased -2.5% in 2024. MEG Energy Corp. cash reserves in 2024 reflect the company's capital allocation strategy.

MEG Energy Corp. carries total debt of $1.10B against cash of $156.0M, resulting in a net debt position of -$949.0M. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.

Financial statements Free cash flow Net income Revenue Market cap P/E ratio Earnings Price history

Frequently asked questions

MEG.TO cash on hand · 5 questions

As of December 31, 2024, MEG Energy Corp. (MEG.TO) has $156,000,000 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $156,000,000 in cash and cash equivalents (CCE) plus $0 in short-term investments. Latest quarter (September 30, 2025): $130,000,000. Data sourced from the annual 10-K filing via FMP.

MEG.TO cash on handMEG.TO cash reservesMEG.TO cash 2024how much cash does MEG.TO have

▸ Source: FMP /balance-sheet-statement · US GAAP · MEG Energy Corp. · MEG Energy Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2024