MEG Energy Reports Record Q3 Production and Strong Financial Results

MEG Energy ( (TSE:MEG) ) has provided an update.

MEG Energy reported record third-quarter production and robust financial results for 2025, highlighting its operational excellence and strategic focus on growth. The company achieved a record production of 108,166 barrels per day, with a strong adjusted funds flow of $368 million. MEG Energy’s Facility Expansion Project is on track, with completion expected in 2027, and the company has increased its quarterly dividend by 10%, reflecting its commitment to shareholder returns. The stable guidance for 2025 underscores MEG Energy’s confidence in its operational and financial strategies.

The most recent analyst rating on (TSE:MEG) stock is a Buy with a C$34.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.

Spark’s Take on TSE:MEG Stock

According to Spark, TipRanks’ AI Analyst, TSE:MEG is a Outperform.

MEG Energy’s overall stock score is driven by strong operational efficiency and strategic growth initiatives highlighted in the earnings call. While the company faces challenges with declining revenue and free cash flow growth, its robust balance sheet and positive technical indicators provide a solid foundation. The valuation is fair, reflecting the stock’s current market position.

To see Spark’s full report on TSE:MEG stock, click here.

More about MEG Energy

MEG Energy Corp. is a prominent oil sands producer based in Calgary, Alberta. The company is known for its expertise in oil sands production, focusing on operational excellence and innovation to drive its business forward. MEG Energy is committed to value creation and long-term growth, with a strong emphasis on shareholder returns and disciplined capital investment.

YTD Price Performance: 29.09%

Average Trading Volume: 1,534,625

Technical Sentiment Signal: Buy

Current Market Cap: C$7.65B

Learn more about MEG stock on TipRanks’ Stock Analysis page.