Meren Energy Inc. (TSX:MER)
Canada
· Delayed Price · Currency is CAD | Market Cap | 1.65B |
| Revenue (ttm) | 770.71M |
| Net Income (ttm) | -43.33M |
| Shares Out | 676.12M |
| EPS (ttm) | -0.07 |
| PE Ratio | n/a |
| Forward PE | 19.91 |
| Dividend | 0.20 (8.28%) |
| Ex-Dividend Date | Mar 20, 2026 |
| Volume | 998,295 |
| Average Volume | 1,016,994 |
| Open | 2.450 |
| Previous Close | 2.440 |
| Day's Range | 2.430 - 2.480 |
| 52-Week Range | 1.610 - 2.575 |
| Beta | 0.39 |
| RSI | 56.21 |
| Earnings Date | May 13, 2026 |
About Meren Energy
Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deepwater Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa. Meren Energy Inc. was formerly known as Africa Oil Corp. and changed its name to Meren Energy Inc. in May 2025. The company was incorporated in 1993 and is based in Vancouver, Canada. [Read more]
News
Meren Energy Earnings Call Transcript: Q4 2025
Prime consolidation doubled reserves and production, while $420 million in debt was repaid and $108 million returned to shareholders. 2025 EBITDAX reached $441 million, with strong liquidity and a robust hedging program supporting resilience amid oil price volatility.
Water Tower Research Publishes Initiation of Coverage Report on Meren Energy, Inc., “West Africa Asset Base Supports Cash Returns with Funded Upside Exposure”
February 10, 2026, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Meren Energy, Inc. (TSX: MER) titled, “West Africa Asset Bas...
Meren Energy Earnings Call Transcript: Q3 2025
Q3 saw robust financial performance, strong shareholder returns, and significant debt reduction. Production remained steady, with future growth expected from infill drilling and major projects in Nigeria, Namibia, and Equatorial Guinea.
Meren Energy Earnings Call Transcript: Q2 2025
Delivered strong H1 results with $248M EBITDA and $267M cash, while repaying $270M in debt and distributing $75M in dividends. Production guidance was tightened, and capital discipline maintained amid oil price volatility.
Meren Energy Earnings Call Transcript: Q1 2025
Prime amalgamation and rebranding to Meren doubled reserves and production, strengthened liquidity, and enabled a new $100 million annual dividend policy. Q1 results showed strong cash flow, low leverage, and robust production, with guidance resilient to lower oil prices.
Meren Energy Earnings Call Transcript: Q4 2024
Strategic transactions and robust asset performance led to record $68M shareholder returns in 2024, despite a net loss driven by a non-cash impairment. The Prime consolidation will double reserves and production, with a new capital allocation framework supporting higher dividends and disciplined growth.
Meren Energy Earnings Call Transcript: Q3 2024
Prime consolidation to close by Q1 2025 will double reserves and production, boost shareholder returns, and introduce a $100M base dividend plus 50% of excess free cash flow. Q3 net adjusted income rose to $25.3M, and production guidance remains strong.
Meren Energy Earnings Call Transcript: Q2 2024
Cash returns to shareholders drove a lower H1 cash balance, while Prime delivered stable EBITDA and free cash flow. Production guidance is maintained, with strong long-term cash generation and a new $100M base dividend policy planned post-Prime consolidation.
Meren Energy Transcript: M&A Announcement
The consolidation will double reserves and production, simplify the structure, and introduce a new cornerstone investor, positioning the company for disciplined growth and enhanced shareholder returns. The deal is structured as a shareholding reorganization, with completion targeted by Q3 2025.