Edition:
United States

Income Statements: MEG Energy Corp (MEG.TO)

MEG.TO on Toronto Stock Exchange

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Interim Income Statement
View: AnnualInterim

In Millions ofCanadian Dollars
(except for per share items)
2019
2019-03-31
Period Length
3 Months
Revenue 918.6
Other Revenue, Total --
Total Revenue 918.6
Cost of Revenue, Total 587.4
Gross Profit 331.3
Selling/General/Admin. Expenses, Total 12.6
Research & Development 2.2
Depreciation/Amortization 115.1
Interest Expense, Net - Operating --
Interest/Investment Income - Operating 230.0
Interest Expense(Income) - Net Operating --
Unusual Expense (Income) (5.4)
Other Operating Expenses, Total 69.4
Total Operating Expense 1,011.4
Operating Income (92.7)
Interest Expense, Net Non-Operating (78.2)
Interest/Invest Income - Non-Operating 79.7
Interest Income(Exp), Net Non-Operating --
Gain (Loss) on Sale of Assets --
Other, Net (1.7)
Net Income Before Taxes (93.0)
Provision for Income Taxes (45.4)
Net Income After Taxes (47.5)
Minority Interest --
Equity In Affiliates --
U.S. GAAP Adjustment --
Net Income Before Extra. Items (47.5)
Accounting Change --
Discontinued Operations --
Extraordinary Item --
Tax on Extraordinary Items --
Net Income (47.5)
Preferred Dividends --
General Partners' Distributions --
Miscellaneous Earnings Adjustment --
Pro Forma Adjustment --
Interest Adjustment - Primary EPS --
Income Available to Com Excl ExtraOrd (47.5)
Income Available to Com Incl ExtraOrd (47.5)
Basic Weighted Average Shares 296.85
Basic EPS Excluding Extraordinary Items (0.160)
Basic EPS Including Extraordinary Items (0.160)
Dilution Adjustment --
Diluted Weighted Average Shares 296.85
Diluted EPS Excluding ExtraOrd Items (0.160)
Diluted EPS Including ExtraOrd Items (0.160)
DPS - Common Stock Primary Issue 0.000
Gross Dividends - Common Stock --
Total Special Items (5.4)
Normalized Income Before Taxes (98.3)
Effect of Special Items on Income Taxes (1.9)
Inc Tax Ex Impact of Sp Items (47.3)
Normalized Income After Taxes (51.0)
Normalized Inc. Avail to Com. (51.0)
Basic Normalized EPS (0.172)
Diluted Normalized EPS (0.172)

MEG Energy posts bigger-than-expected quarterly loss

Canadian oil sands producer MEG Energy Corp reported a bigger-than-expected quarterly loss on Thursday, as the company sold its bitumen crude at lower prices because of transportation bottlenecks.