About MEG Energy
MEG Energy is a company based in Calgary (Canada) founded in 1999 was acquired by Cenovus in August 2025. MEG Energy has raised $54.4 million across 3 funding rounds from investors including Warburg Pincus, Cenovus and Seymour Schulich. The company has 475 employees as of December 31, 2024.
- Headquarter Calgary, Canada
- Employees 475 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Meg Energy Corp.
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Annual Revenue
$3.58 B (USD)-8.92as on Dec 31, 2024
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Net Profit
$352.38 M (USD)-10.9as on Dec 31, 2024
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EBITDA
$1.04 B (USD)-1.77as on Dec 31, 2024
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Total Equity Funding
$54.4 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Warburg Pincus
& 2 more
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Employee Count
475
as on Dec 31, 2024
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Acquired by
Cenovus
(Aug 22, 2025)
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IPO & Listings of MEG Energy
MEG Energy is a publicly listed company on the TSX with ticker symbol MEG in Canada, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of MEG Energy
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Funding Insights of MEG Energy
MEG Energy has successfully raised a total of $54.4M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in MEG Energy
MEG Energy has secured backing from 3 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Warburg Pincus, Cenovus and Seymour Schulich.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-stage private equity investments are pursued across diverse sectors.
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Locked | Locked | Locked | |
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Provider of natural gas & oil refining, transportation, storage, and marketing services
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Locked | Locked | Locked | |
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SS
Seymour Schulich |
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Locked | Locked | Locked |
Investor details for MEG Energy
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Investments & Acquisitions by MEG Energy
Investment portfolio details for MEG Energy
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Financial Statements - MEG Energy
Detailed financials for MEG Energy
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Meg Energy Comparisons
Peer comparison for MEG Energy
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Competitors of MEG Energy
Detailed competitors of MEG Energy
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Latest news on Meg Energy
Complete news archive for MEG Energy
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Frequently Asked Questions about MEG Energy
MEG Energy was founded in 1999 and raised its 1st funding round 5 years after it was founded.
MEG Energy is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
MEG Energy is a funded company, having raised a total of $54.4M across 3 funding rounds to date.
As of Dec 31, 2024, the latest employee count at MEG Energy is 475.
Annual revenue of MEG Energy is $3.58B as on Dec 31, 2024.
MEG Energy was founded in 1999 and is headquartered in Calgary, Canada. Operations are centered on the in-situ development and production of oil sands within Albertas Southern Athabasca region, with a primary focus on the Christina Lake area. Innovative extraction techniques are employed to support these activities in the energy sector. Exploration efforts are directed toward sustainable resource recovery in this geography.
Yes, MEG Energy is publicly traded on TSX under the ticker symbol MEG.
MEG Energy has 3 investors. Key investors include Warburg Pincus, Cenovus, and Seymour Schulich.
The ticker symbol of MEG Energy is MEG on TSX.