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Meren Energy Inc.

CAD 2.33 +$0.46 (+24.60%)

TSX · 15 Sep 2026 20:00 UTC

Previous Close

CAD 2.29

Day Range

CAD 2.27CAD 2.34

Year Range

CAD 1.67CAD 2.58

Market Cap

1.58B

AVG Volume

877.43K

Trailing/Forward PE

-11.31/20.99

PEG ratio

-0.24

Dividend Yield

8.82%

Next Earnings Date

2026-11-10

Primary Exchange

Toronto Stock Exchange

Revenue (USD)

MER.TO Revenue (USD) by year
Period	Revenue (USD)
2025	562.94M
2024	0
2023	0
2022	0
2021	0
2020	0
2019	0
2018	0
2017	0
2016	0

Net Income (USD)

MER.TO Net Income (USD) by year
Period	Net Income (USD)
2025	-33M
2024	-279.1M
2023	87.1M
2022	-60.3M
2021	190.72M
2020	-17.61M
2019	-156.77M
2018	-66.71M
2017	-4.53M
2016	-17.76M

Operating Income (USD)

MER.TO Operating Income (USD) by year
Period	Operating Income (USD)
2025	97.26M
2024	-289M
2023	86.9M
2022	-12.24M
2021	208.85M
2020	10.63M
2019	-20.89M
2018	-10M
2017	-6.5M
2016	-9.03M

EBITDA (USD)

MER.TO EBITDA (USD) by year
Period	EBITDA (USD)
2025	362.23M
2024	20.7M
2023	94.7M
2022	-50.63M
2021	209.32M
2020	13.14M
2019	-156.12M
2018	-66.58M
2017	-4.39M
2016	-17.69M

Cash Flows (USD)

MER.TO Cash Flows (USD) by year
Period	Cash Flows (USD)
2025	211.83M
2024	-40.9M
2023	-56.2M
2022	-18.21M
2021	-17.24M
2020	-5.44M
2019	-4.59M
2018	-16.53M
2017	-14.67M
2016	-16.89M

EPS (USD)

MER.TO EPS (USD) by year
Period	EPS (USD)
2025	-0.02
2024	-0.63
2023	0.19
2022	-0.12
2021	0.39
2020	-0.04
2019	-0.33
2018	-0.14
2017	-0.01
2016	-0.04

Expenses (USD)

MER.TO Expenses (USD) by year
Period	Expenses (USD)
2025	91.87M
2024	34.4M
2023	34.8M
2022	29.09M
2021	22.58M
2020	14.22M
2019	11.74M
2018	22.04M
2017	20.38M
2016	21.93M

Cash & Debt (USD)

MER.TO Cash & Debt (USD) by year
Period	Cash & Debt (USD)
2025	174.38M
2024	61.4M
2023	232M
2022	199.3M
2021	58.51M
2020	38.74M
2019	329.46M
2018	370.34M
2017	392.29M
2016	463.06M

Debt ratios

MER.TO Debt ratios by year
Period	Debt ratios
2025	0.38
2024	-0.21
2023	-0.87
2022	-12.69
2021	238.82
2020	-0.48
2019	1.33
2018	2.1

Margins

MER.TO Margins by year
Period	Margins
2025	24.18%

Return on Capital

MER.TO Return on Capital by year
Period	Return on Capital
2025	-4.32%
2024	-50.86%
2023	9.74%
2022	-7.26%
2021	20.12%
2020	-2.34%
2019	-20.45%
2018	-7.24%
2017	-0.47%
2016	-1.82%

Shares Outstanding

MER.TO Shares Outstanding by year
Period	Shares Outstanding
2025	675.69M
2024	465.12M
2023	467.99M
2022	467.77M
2021	475.09M
2020	472.15M
2019	471.22M
2018	470.6M
2017	456.62M
2016	456.42M

Dividends (USD)

MER.TO Dividends (USD) by year
Period	Dividends (USD)
2026	0.15
2025	0.21
2024	0.07
2023	0.07
2022	0.06

Book Value Per Share (USD)

MER.TO Book Value Per Share (USD) by year
Period	Book Value Per Share (USD)
2025	1.13
2024	1.18
2023	1.91
2022	1.78
2021	2
2020	1.6
2019	1.63
2018	1.96
2017	2.13
2016	2.14

Total Assets (USD)

MER.TO Total Assets (USD) by year
Period	Total Assets (USD)
2025	1.95B
2024	615.2M
2023	966.2M
2022	917.7M
2021	991.62M
2020	910.5M
2019	812.3M
2018	953.91M
2017	1.01B
2016	1.01B

PE Ratio

MER.TO PE Ratio by year
Period	PE Ratio
Mar 26	17.92
Mar 26	16.49
Mar 26	17.09
Mar 26	17.14
Feb 26	16.51
Feb 26	17.22
Feb 26	18.06
Feb 26	15.87
Jan 26	16.16
Jan 26	15.08
Jan 26	14.4
Jan 26	13.66
Jan 26	14.07
Sep 24	8.74
Sep 24	8.76
Sep 24	9.29
Sep 24	9.2
Aug 24	10.25
Aug 24	10.48
Aug 24	10.36
Aug 24	10.36
Aug 24	10.6
Jul 24	11.55
Jul 24	12.07
Jul 24	12.06
Jul 24	12.2
Jun 24	9.59
Jun 24	9.11
Jun 24	9.08
Jun 24	9.6
May 24	10.29
May 24	9.56
May 24	9.44
May 24	9.59
May 24	9.54
Apr 24	9.87
Apr 24	9.26
Apr 24	9.56
Apr 24	10.2
Dec 23	51.63
Dec 23	49.19
Dec 23	48.85
Dec 23	50.77
Nov 23	51.65
Nov 23	51.71
Nov 23	51.03
Nov 23	52.33
Oct 23	50.16
Oct 23	52.1
Oct 23	51.93
Oct 23	51.13
Sep 23	54.21
Mar 23	5.8
Mar 23	5.31
Mar 23	6.02
Mar 23	5.84
Feb 23	5.7
Feb 23	5.57
Feb 23	5.85
Feb 23	5.32
Jan 23	5.74
Jan 23	5.29
Jan 23	4.98
Jan 23	4.72
Dec 22	4.97
Dec 22	5.4
Dec 22	5.42
Dec 22	5.33
Dec 22	6.24
Nov 22	6.22
Nov 22	6.3
Nov 22	7.05
Nov 22	7.33
Oct 22	6.99
Oct 22	6.9
Oct 22	6.51
Oct 22	6.58
Sep 22	5.36
Sep 22	4.22
Sep 22	4.86
Sep 22	4.88
Sep 22	4.77
Aug 22	4.82
Aug 22	4.58
Aug 22	4.86
Aug 22	4.37
Jul 22	4.46
Jul 22	4.14
Jul 22	3.75
Jul 22	3.94
Jun 22	3.85
Jun 22	4.13
Jun 22	4.23
Jun 22	5.09
Jun 22	5.38
May 22	5.15
May 22	4.75
May 22	4.73
May 22	5.31
Apr 22	5.11

Free Cash Flow Yield

MER.TO Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	12.85%
Sep 26	13.02%
Sep 26	13.46%
Aug 26	13.34%
Aug 26	13.27%
Aug 26	13.2%
Aug 26	14.97%
Jul 26	14.98%
Jul 26	14.63%
Jul 26	15.21%
Jul 26	15.51%
Jul 26	15.42%
Jun 26	23.05%
Jun 26	22.51%
Jun 26	20.59%
Jun 26	19.95%
May 26	18.87%
May 26	18.35%
May 26	18.41%
May 26	18.4%
May 26	17.38%
Apr 26	17.85%
Apr 26	18.58%
Apr 26	18.15%
Apr 26	18.26%
Mar 26	10.37%
Mar 26	11.28%
Mar 26	10.88%
Mar 26	10.85%
Feb 26	11.26%
Feb 26	10.8%
Feb 26	10.3%
Feb 26	11.72%
Jan 26	11.51%
Jan 26	12.33%
Jan 26	12.91%
Jan 26	13.61%
Jan 26	13.21%
Dec 25	-1.55%
Dec 25	-1.61%
Dec 25	-1.52%
Dec 25	-1.52%
Nov 25	-1.65%
Nov 25	-1.63%
Nov 25	-1.55%
Nov 25	-1.59%
Oct 25	-1.55%
Oct 25	-1.59%
Oct 25	-1.66%
Oct 25	-1.61%
Oct 25	-1.52%
Sep 25	-0.28%
Sep 25	-0.29%
Sep 25	-0.3%
Sep 25	-0.3%
Aug 25	-0.3%
Aug 25	-0.29%
Aug 25	-0.31%
Aug 25	-0.3%
Aug 25	-0.3%
Jul 25	-0.3%
Jul 25	-0.31%
Jul 25	-0.31%
Jul 25	-0.32%
Jun 25	-7.07%
Jun 25	-6.75%
Jun 25	-6.75%
Jun 25	-6.69%
May 25	-6.71%
May 25	-6.29%
May 25	-6.53%
May 25	-6.77%
May 25	-6.6%
Apr 25	-6.65%
Apr 25	-6.61%
Apr 25	-7.17%
Apr 25	-6.95%
Mar 25	-4.57%
Mar 25	-4.33%
Mar 25	-4.8%
Mar 25	-4.97%
Feb 25	-4.95%
Feb 25	-4.97%
Feb 25	-4.83%
Feb 25	-5%
Jan 25	-5.03%
Jan 25	-4.89%
Jan 25	-4.74%
Jan 25	-4.52%
Jan 25	-4.61%
Dec 24	-4.67%
Dec 24	-4.81%
Dec 24	-4.54%
Dec 24	-4.61%
Nov 24	-4.4%
Nov 24	-4.18%
Nov 24	-4.61%
Nov 24	-4.68%
Nov 24	-4.93%
Oct 24	-4.67%

Price to Sales

MER.TO Price to Sales by year
Period	Price to Sales
Sep 26	1.9
Sep 26	1.87
Sep 26	1.81
Aug 26	1.83
Aug 26	1.84
Aug 26	1.85
Aug 26	1.63
Jul 26	1.63
Jul 26	1.67
Jul 26	1.6
Jul 26	1.57
Jul 26	1.58
Jun 26	1.63
Jun 26	1.67
Jun 26	1.83
Jun 26	1.89
May 26	1.99
May 26	2.05
May 26	2.04
May 26	2.05
May 26	2.16
Apr 26	2.11
Apr 26	2.03
Apr 26	2.07
Apr 26	2.06
Mar 26	3.23
Mar 26	2.98
Mar 26	3.08
Mar 26	3.09
Feb 26	2.98
Feb 26	3.11
Feb 26	3.26
Feb 26	2.86
Jan 26	2.92
Jan 26	2.72
Jan 26	2.6
Jan 26	2.47
Jan 26	2.54
Dec 25	6.03
Dec 25	5.81
Dec 25	6.12
Dec 25	6.14
Nov 25	5.67
Nov 25	5.72
Nov 25	6.01
Nov 25	5.87
Oct 25	6.02
Oct 25	5.86
Oct 25	5.62
Oct 25	5.79
Oct 25	6.15
Sep 25	8.4
Sep 25	8.06
Sep 25	7.88
Sep 25	7.76
Aug 25	7.95
Aug 25	8.08
Aug 25	7.63
Aug 25	7.76
Aug 25	7.87
Jul 25	7.92
Jul 25	7.51
Jul 25	7.48
Jul 25	7.44

EV/EBITDA

MER.TO EV/EBITDA by year
Period	EV/EBITDA
Sep 26	3.64
Sep 26	3.6
Sep 26	3.51
Aug 26	3.53
Aug 26	3.55
Aug 26	3.56
Aug 26	3.21
Jul 26	3.21
Jul 26	3.27
Jul 26	3.17
Jul 26	3.12
Jul 26	3.13
Jun 26	2.98
Jun 26	3.04
Jun 26	3.29
Jun 26	3.38
May 26	3.54
May 26	3.63
May 26	3.62
May 26	3.62
May 26	3.81
Apr 26	3.72
Apr 26	3.59
Apr 26	3.67
Apr 26	3.65
Mar 26	4.47
Mar 26	4.14
Mar 26	4.28
Mar 26	4.29
Feb 26	4.15
Feb 26	4.31
Feb 26	4.5
Feb 26	4
Jan 26	4.07
Jan 26	3.83
Jan 26	3.67
Jan 26	3.51
Jan 26	3.6
Dec 25	5.35
Dec 25	5.18
Dec 25	5.42
Dec 25	5.43
Nov 25	5.07
Nov 25	5.1
Nov 25	5.34
Nov 25	5.23
Oct 25	5.34
Oct 25	5.22
Oct 25	5.03
Oct 25	5.16
Oct 25	5.44
Sep 25	7.38
Sep 25	7.07
Sep 25	6.91
Sep 25	6.8
Aug 25	6.97
Aug 25	7.09
Aug 25	6.69
Aug 25	6.8
Aug 25	6.9
Jul 25	6.95
Jul 25	6.57
Jul 25	6.55
Jul 25	6.51
Jun 25	25.12
Jun 25	26.48
Jun 25	26.48
Jun 25	26.74
May 25	26.64
May 25	28.62
May 25	27.44
May 25	26.39
May 25	27.13
Apr 25	26.89
Apr 25	27.08
Apr 25	24.75
Apr 25	25.63
Sep 24	5.31
Sep 24	5.32
Sep 24	5.79
Sep 24	5.71
Aug 24	6.65
Aug 24	6.86
Aug 24	6.75
Aug 24	6.75
Aug 24	6.96
Jul 24	7.81
Jul 24	8.28
Jul 24	8.27
Jul 24	8.39
Jun 24	6.37
Jun 24	5.93
Jun 24	5.9
Jun 24	6.38
May 24	7.02
May 24	6.34
May 24	6.23
May 24	6.37
May 24	6.33
Apr 24	6.63

Price/Operating Cashflow

MER.TO Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Sep 26	5.73
Sep 26	5.66
Sep 26	5.47
Aug 26	5.52
Aug 26	5.55
Aug 26	5.58
Aug 26	4.92
Jul 26	4.92
Jul 26	5.03
Jul 26	4.84
Jul 26	4.75
Jul 26	4.78
Jun 26	3.43
Jun 26	3.52
Jun 26	3.84
Jun 26	3.97
May 26	4.19
May 26	4.31
May 26	4.3
May 26	4.3
May 26	4.55
Apr 26	4.43
Apr 26	4.26
Apr 26	4.36
Apr 26	4.34
Mar 26	6.61
Mar 26	6.08
Mar 26	6.3
Mar 26	6.32
Feb 26	6.09
Feb 26	6.35
Feb 26	6.66
Feb 26	5.85
Jan 26	5.96
Jan 26	5.56
Jan 26	5.31
Jan 26	5.04
Jan 26	5.19
Dec 25	43.08
Dec 25	41.49
Dec 25	43.74
Dec 25	43.83
Nov 25	40.5
Nov 25	40.84
Nov 25	42.96
Nov 25	41.94
Oct 25	43.01
Oct 25	41.86
Oct 25	40.13
Oct 25	41.37
Oct 25	43.9
Sep 25	356.66
Sep 25	342.07
Sep 25	334.65
Sep 25	329.49
Aug 25	337.23
Aug 25	342.75
Aug 25	324.06
Aug 25	329.26
Aug 25	334.14
Jul 25	336.32
Jul 25	318.73
Jul 25	317.62
Jul 25	315.85

Price to Book

MER.TO Price to Book by year
Period	Price to Book
Sep 26	1.62
Sep 26	1.6
Sep 26	1.55
Aug 26	1.56
Aug 26	1.57
Aug 26	1.58
Aug 26	1.39
Jul 26	1.39
Jul 26	1.43
Jul 26	1.37
Jul 26	1.35
Jul 26	1.35
Jun 26	1.2
Jun 26	1.23
Jun 26	1.35
Jun 26	1.39
May 26	1.47
May 26	1.51
May 26	1.5
May 26	1.51
May 26	1.59
Apr 26	1.55
Apr 26	1.49
Apr 26	1.53
Apr 26	1.52
Mar 26	1.33
Mar 26	1.22
Mar 26	1.27
Mar 26	1.27
Feb 26	1.23
Feb 26	1.28
Feb 26	1.34
Feb 26	1.18
Jan 26	1.2
Jan 26	1.12
Jan 26	1.07
Jan 26	1.01
Jan 26	1.04
Dec 25	0.98
Dec 25	0.94
Dec 25	0.99
Dec 25	0.99
Nov 25	0.92
Nov 25	0.92
Nov 25	0.97
Nov 25	0.95
Oct 25	0.97
Oct 25	0.95
Oct 25	0.91
Oct 25	0.94
Oct 25	0.99
Sep 25	0.7
Sep 25	0.67
Sep 25	0.65
Sep 25	0.64
Aug 25	0.66
Aug 25	0.67
Aug 25	0.63
Aug 25	0.64
Aug 25	0.65
Jul 25	0.66
Jul 25	0.62
Jul 25	0.62
Jul 25	0.62
Jun 25	1.05
Jun 25	1.1
Jun 25	1.1
Jun 25	1.11
May 25	1.11
May 25	1.19
May 25	1.14
May 25	1.1
May 25	1.13
Apr 25	1.12
Apr 25	1.13
Apr 25	1.04
Apr 25	1.07
Mar 25	1.22
Mar 25	1.29
Mar 25	1.16
Mar 25	1.12
Feb 25	1.13
Feb 25	1.12
Feb 25	1.15
Feb 25	1.12
Jan 25	1.11
Jan 25	1.14
Jan 25	1.18
Jan 25	1.23
Jan 25	1.21
Dec 24	0.73
Dec 24	0.71
Dec 24	0.75
Dec 24	0.74
Nov 24	0.77
Nov 24	0.81
Nov 24	0.74
Nov 24	0.73
Nov 24	0.69
Oct 24	0.73

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Meren Energy Inc.

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