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Meg Energy Corp. Q1 earnings increased 21% to $98M due to Trans Mountain pipeline expansion.
Meg Energy Corp. reported a 21% increase in Q1 earnings, reaching $98 million, up from $81 million the previous year.
CEO Darlene Gates attributed the growth to additional pipeline capacity from the Trans Mountain expansion.
Though revenues decreased slightly from $1.5B to $1.4B, diluted EPS increased from 28 cents to 36 cents.
Bitumen production averaged 104,000 barrels per day during Q1, with 4.7M shares repurchased.
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Las ganancias del primer trimestre de Meg Energy Corp. aumentaron un 21% a 98 millones de dólares debido a la expansión del oleoducto Trans Mountain.