Investing.com - MEG Energy Corp reported first quarter earnings that beat analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of C$1.15 on revenue of C$1.53B. Analysts polled by Investing.com anticipated EPS of C$1.02 on revenue of C$1.63B. .
For the year, MEG Energy Corp shares are up 1%, outperforming the S&P 500 which is down 12.82% year to date.
MEG Energy Corp follows other major Energy sector earnings this month
On Friday, TC Energy reported first quarter EPS of C$1.12 on revenue of C$3.5B, compared to forecasts of EPS of C$1.11 on revenue of C$3.32B.
Cenovus Energy Inc earnings beat analyst's expectations on Wednesday, April 27, 2022, with first quarter EPS of C$0.79 on revenue of C$16.2B. Investing.com analysts expected EPS of C$0.5256 on revenue of C$16.94B
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