News Formal

MEG Energy earnings dip year over year to $167 million in third quarter

  • 📰 SooToday
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 85%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

CALGARY — MEG Energy says it earned $167 million in its third quarter, down from $249 million during the same quarter last year. The company says revenues for the quarter were $1.27 billion, down from $1.44 billion during the third quarter of 2023.

CALGARY — MEG Energy says it earned $167 million in its third quarter, down from $249 million during the same quarter last year.

The company says revenues for the quarter were $1.27 billion, down from $1.44 billion during the third quarter of 2023.MEG Energy says it successfully completed its debt reduction strategy, reducing its net debt to US$478 million by the end of September, down from US$634 million during the prior quarter.

President and CEO Darlene Gates said moving forward all the company's free cash flow will be returned to shareholders through expanded share buybacks and a quarterly base dividend. The company says its capital expenditures for the quarter increased to $141 million from $83 million a year earlier, mainly due to higher planned field development activity, as well as moderate capacity growth projects.The Canadian Press

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 8. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Canadian oil stocks set for 'unapologetically bullish' Q3 earnings: AnalystsSuncor Energy, MEG Energy, and Cenovus Energy are among the top stock picks.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »