Investing.com - MEG Energy Corp (TSX:MEG) reported second quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$0.72 on revenue of C$1.57B. Analysts polled by Investing.com anticipated EPS of C$0.8895 on revenue of C$1.39B. .
For the year, MEG Energy Corp shares are down 21.64%, outperforming the Nasdaq which is down 22.26% year to date.
MEG Energy Corp follows other major Energy sector earnings this month
On Thursday, TC Energy reported second quarter EPS of C$1 on revenue of C$3.41B, compared to forecasts of EPS of C$0.9701 on revenue of C$3.19B.
Cenovus Energy Inc earnings beat analyst's expectations on Thursday, with second quarter EPS of C$1.19 on revenue of C$20.95B. Investing.com analysts expected EPS of C$1.13 on revenue of C$16.41B
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