Companies: 10,795·Total market cap: $144.5T
MEG Energy Corp.

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
Net IncomeFinancialsRevenue

MEG Energy Corp. (MEG.TO) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

MEG.TO · net income · updated Jun 8, 2026

Core profitability metrics

Net income was $507.0M for FY2024 (fiscal year ending 2024-12-31), down 10.9% year-over-year. Net profit margin was 9.8%. Based on available data, MEG Energy Corp. has been profitable since at least 2010.

FY2024 Net Income$507.0M▼ -10.9% YoY
Trailing 12M (TTM)$543.0Mtrailing 4 quarters sum
Net Profit Margin9.8%$507.0M ÷ $5.15B
YoY Change-10.9%—
5-Year CAGRN/AN/A — contains loss years
FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net IncomeNet LossNet Margin %★ First Profit: 2010

▸ FMP /income-statement · Annual · MEG.TO net income history · MEG.TO profit margin

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2024$507.0M▼ 10.9%9.8%
FY2023$569.0M▼ 36.9%10.1%
FY2022$902.0M▲ +218.7%14.7%
FY2021$283.0M▲ +179.3%6.5%
FY2020Loss−$357.0M▼ 475.8%-15.6%

Net income vs peers (Energy)

#CompanyNet IncomeYoY
#1
MEG Energy Corp.
MEG Energy Corp.YOU
MEG.TO
$507.0M-10.9%
#2
Exxon Mobil Corporation
Exxon Mobil Corporation
XOM
$28.84B-14.4%#3
Shell plc
Shell plc
SHEL
$17.84B+10.8%#4
TotalEnergies SE
TotalEnergies SE
TTE
$13.13B-16.7%#5
Chevron Corporation
Chevron Corporation
CVX
$12.30B-30.4%#6
Enbridge Inc.
Enbridge Inc.
ENB.TO
$7.49B+37.7%
Energy · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

MEG Energy Corp. (MEG.TO) reported net income of $507.0M for FY2024 (fiscal year ending 2024-12-31), down 10.9% year-over-year. The net profit margin was 9.8% — meaning the company kept $0.10 of every dollar of revenue as profit.

Based on available data, MEG Energy Corp. has been profitable since at least 2010. Net income reached a peak of $902.0M in FY2022. Data available for 15 fiscal years.

MEG Energy Corp.'s net profit margin was 9.8% for FY2024, based on the latest annual results.

Investors sometimes search for "MEG Energy Corp. net worth" — the company's market capitalization is a separate figure from MEG.TO net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

MEG.TO net income · 5 questions

MEG Energy Corp. is profitable. The company reported net income of $507.0M for FY2024, a net profit margin of 9.8%. Net income was down 10.9% year-over-year. Based on available data, MEG Energy Corp. has been profitable since at least 2010.

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▸ Source: FMP /income-statement · GAAP · MEG Energy Corp. · MEG Energy Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026