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%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

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

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 8. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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