Aug 2 (Reuters) - MEG Energy Corp MEG.TO :
* MEG ENERGY REPORTS SECOND QUARTER 2018 RESULTS, ACHIEVING NEW PRODUCTION RECORD OF 98,000 BPD IN JULY WITH PHASE 2B EMSAGP ESSENTIALLY COMPLETE
* MEG ENERGY CORP - INCREASES 2018 PRODUCTION GUIDANCE AND LOWERS NON-ENERGY OPERATING COST PER BARREL GUIDANCE
* MEG ENERGY CORP - REMAINS ON-TRACK TO REACH 113,000 BPD IN 2020
* MEG ENERGY CORP - QUARTERLY PRODUCTION VOLUMES OF 71,325 BARRELS PER DAY
* MEG ENERGY CORP - ANNUAL PRODUCTION GUIDANCE HAS BEEN REVISED HIGHER TO 87,000 TO 90,000 BARRELS PER DAY (BPD)
* MEG ENERGY CORP - ANNUAL NON-ENERGY OPERATING COST GUIDANCE HAS BEEN REDUCED BY 5% TO $4.50 TO $5.00 PER BARREL
* MEG ENERGY CORP - YEAR-END EXIT PRODUCTION IS ANTICIPATED TO AVERAGE JUST OVER 100,000 BPD
* MEG ENERGY CORP QTRLY LOSS PER SHARE $0.61
* MEG ENERGY CORP QTRLY OPERATING EARNINGS PER SHARE $0.24
* MEG ENERGY CORP QTRLY REVENUE $689 MILLION VERSUS $584 MILLION
* MEG ENERGY CORP - WELL-POSITIONED TO INTERNALLY FUND CAPITAL PLANS TO 2020
* MEG ENERGY - DUE TO REVIEW OF MARKETING ASSETS, ENGAGED TD SECURITIES TO REVIEW ALTERNATIVES FOR PROPRIETARY HI-Q PARTIAL UPGRADING TECHNOLOGY
* MEG ENERGY CORP - 2018 CAPITAL PROGRAM REDUCED TO $670 MILLION
* MEG ENERGY CORP - EXPECTS TO HEDGE A SUBSTANTIALLY LOWER PERCENTAGE OF ITS BARRELS GOING FORWARD