MEG Energy's Q4-2024 was solid despite an unplanned production outage. The company transitioned to a 100% free cash flow return model in Q4-2024. Tariff threats are overblown; Canadian heavy oil remains irreplaceable for US Midwest refineries, with Venezuela's oil supply issues further supporting MEG's position.
Investors with an interest in Waste Removal Services stocks have likely encountered both Montrose Environmental (MEG) and Casella (CWST). But which of these two stocks presents investors with the better value opportunity right now?
Montrose Environmental Group, Inc. (NYSE:MEG ) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Adrianne Griffin - SVP, Investor Relations & Treasury Vijay Manthripragada - President & CEO Allan Dicks - CFO Conference Call Participants Tim Mulrooney - William Blair Jim Ricchiuti - Needham & Company Brian Butler - Stifel Operator Good day, and welcome to the Montrose Environmental Group's 4Q '24 Earnings Call. All participants will be in listen only mode.
While the top- and bottom-line numbers for Montrose Environmental (MEG) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
MEG Energy reported a solid quarter and its guidance for 2025 was close to expectations. Free cash flow return is now at 100%, but the stock just cannot find any traction. We tell you why we are reversing our call from 20 months back.
Montrose Environmental Group, Inc. (NYSE:MEG ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Adrianne Griffin - Senior Vice President, Investor Relations & Treasury Vijay Manthripragada - President & Chief Executive Officer Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Durgesh Chopra - Evercore ISI Jim Ricchiuti - Needham & Company Aadit Shrestha - Stifel Operator Good day, and welcome to the Montrose Environmental Group Inc Third Quarter 2024 Earnings Call. All participants will be in the listen-only mode.
The headline numbers for Montrose Environmental (MEG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Montrose Environmental (MEG) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.18 per share a year ago.
MEG Energy Corp.'s recent 25% stock decline could be a buying opportunity, with expectations of oil price recovery and strong long-term fundamentals. MEG Energy's production is set to ramp up, with plans to increase output to 125-135K BOPD through facility optimization and new wells. MEG's financial health is robust, with modest debt, strong cash flow, and plans for increased shareholder returns via dividends and share buybacks.
Montrose Environmental Group, Inc. (NYSE:MEG ) Q2 2024 Results Conference Call August 7, 2024 8:30 AM ET Company Participants Adrianne Griffin - Senior Vice President, Investor Relations and Treasury Vijay Manthripragada - President and Chief Executive Officer Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Jim Ricchiuti - Needham & Company Stephanie Yee - JPMorgan Operator Good day, and welcome to the Montrose Environmental Group, Inc. Second Quarter 2024 Earnings Call. [Operator Instructions] Please note this event is being recorded.
While the top- and bottom-line numbers for Montrose Environmental (MEG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Montrose Environmental (MEG) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to loss of $0.38 per share a year ago.