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MEG Energy (TSX:MEG) Profitability Rank : 7 (As of Sep. 2024)


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What is MEG Energy Profitability Rank?

MEG Energy has the Profitability Rank of 7.

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way. It is based on these factors:

1. Operating Margin %
2. Piotroski F-Score
3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.
4. Consistency of the profitability
5. Predictability Rank

MEG Energy's Operating Margin % for the quarter that ended in Sep. 2024 was 15.90%. As of today, MEG Energy's Piotroski F-Score is 6.


Competitive Comparison of MEG Energy's Profitability Rank

For the Oil & Gas E&P subindustry, MEG Energy's Profitability Rank, along with its competitors' market caps and Profitability Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MEG Energy's Profitability Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MEG Energy's Profitability Rank distribution charts can be found below:

* The bar in red indicates where MEG Energy's Profitability Rank falls into.



MEG Energy Profitability Rank Calculation

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

MEG Energy has the Profitability Rank of 7.

Profitability Rank is not directly related to the Financial Strength. But if a company is consistently profitable, its financial strength will be stronger.

Profitability Rank is based on these factors:

1. Operating Margin %

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

MEG Energy's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=228 / 1434
=15.90 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

2. Piotroski F-Score

The zones of discrimination were as such:

Good or high score = 8 or 9
Bad or low score = 0 or 1

MEG Energy has an F-score of 6 indicating the company's financial situation is typical for a stable company.

3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.

4. Consistency of the profitability

5. Predictability Rank


MEG Energy Profitability Rank Related Terms

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MEG Energy Business Description

Traded in Other Exchanges
Address
600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5
MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production at its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.
Executives
Michael Mcallister Director
Kimberley Elizabeth Lynch Proctor Director
Darlene Miriam Gates Director, Senior Officer
David Michael Granger Senior Officer
James D. Mcfarland Director
Mark Anand Telang Senior Officer
Diana Janet Mcqueen Director
Susan Mary Mackenzie Director
Ryan Michael Kubik Senior Officer
Robert Bruce Hodgins Director
Michael Joseph Dlugan Senior Officer
James Vincent Campbell Senior Officer
Gary Bosgoed Director
Lyle Stephen Yuzdepski Senior Officer
Derek Watson Evans Director, Senior Officer