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

Free Cash Flow Financials Revenue

MEG Energy Corp. (MEG.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MEG.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

MEG.TO · FCF · TTM · margin & CAGR

Free cash flow was $792.0M for FY2024 (fiscal year ending 2024-12-31), down 12.0% year-over-year The FCF margin was 15.4%. Five-year CAGR stands at +12.8%.

FY2024 Free Cash Flow$792.0M▼ -12.0% YoY

Trailing 12M (TTM)$418.0Mtrailing 4 quarters sum

FCF Margin15.4%$792.0M ÷ revenue

3-Year CAGR+30.2%FY2021 → FY2024

5-Year CAGR+12.8%FY2019 → FY2024

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MEG.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$1.34B(548M)$792.0M▼ 12.0%15.4%

FY2023$1.35B(449M)$900.0M▼ 40.5%15.9%

FY2022$1.89B(376M)$1.51B▲ +321.2%24.7%

FY2021$690.0M(331M)$359.0M▲ +134.6%8.3%

FY2020$302.0M(149M)$153.0M▼ 64.7%6.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MEG.TO · P/FCF · FCF yield · FCF per share

MEG Energy Corp. (MEG.TO) trades at a FCF yield of 5.32% and a price-to-free-cash-flow ratio of 19.9x. FCF per share stands at $1.55, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.32%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.55

TTM FCF ÷ Shares Outstanding

Price / FCF

x19.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-31

Cash flow statement summary

MEG.TO · cash flow statement · operating / investing / financing

For FY2024, MEG Energy Corp. generated $1.34B in operating cash flow and spent 548M in capital expenditures, yielding $792.0M in free cash flow.

Operating Activities

+$1.34B

Cash from core business operations

2024-12-31

Investing Activities

−$501.0M

CapEx, acquisitions & investments

2024-12-31

Financing Activities

−$860.0M

Buybacks, dividends & debt

2024-12-31

FCF FormulaOperating CF ($1.34B) − |CapEx| (548M) = FCF ($792.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

MEG.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

MEG Energy Corp.YOU

MEG.TO

$792.0M-12.0%15.4%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

MEG Energy Corp. (MEG.TO) reported free cash flow of $792.0M for FY2024 (fiscal year ending 2024-12-31), down 12.0% year-over-year. The FCF margin was 15.4%.

Based on available data, MEG Energy Corp. has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $1.51B in FY2022. The 5-year CAGR stands at +12.8%.

MEG Energy Corp.'s FCF yield is 5.32% and price-to-FCF ratio is 19.9x for FY2024, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MEG.TO free cash flow · 8 questions

MEG Energy Corp. free cash flow was $792.0M for FY2024, down 12.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $418.0M.

MEG.TO free cash flowMEG.TO FCFMEG.TO FCF 2024MEG.TO free cash flow TTM

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