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MEG Energy (TSX:MEG) Tax Rate % : 21.96% (As of Sep. 2024)


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What is MEG Energy Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MEG Energy's Tax Expense for the three months ended in Sep. 2024 was C$47 Mil. MEG Energy's Pre-Tax Income for the three months ended in Sep. 2024 was C$214 Mil. Therefore, MEG Energy's Tax Rate % for the quarter that ended in Sep. 2024 was 21.96%.

MEG Energy Tax Rate % Historical Data

The historical data trend for MEG Energy's Tax Rate % can be seen below:

* 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.

* Premium members only.

MEG Energy Tax Rate % Chart

MEG Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.87 25.16 22.68 26.19 21.30

MEG Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.94 18.25 28.47 29.53 21.96

MEG Energy Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

MEG Energy's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=154/723
=21.30 %

MEG Energy's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=47/214
=21.96 %

* 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.

MEG Energy Tax Rate % Related Terms

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MEG Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEG Energy Corp (TSX:MEG) » Definitions » Tax Rate %
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MEGEF:USA ME7:Germany
Address
600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5
Website
https://www.megenergy.com
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