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Meren Energy(TSX) MER

Market CapCA$1.38BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1996)-61%
5 Year+36%
1 Year+23%
1 Month-8%
CA$2.07
+1.47%
+0.03Today
Meren Energy last closing stock price
MetricPriceDate
Last closeCAD 2.072026-10-08
Meren Energy stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.48%CAD 2.082026-10-01
1 month-8%CAD 2.252026-09-08
3 month+7.5%CAD 1.932026-07-10
Year to date+23.03%CAD 1.682025-12-31
1 year+22.57%CAD 1.692025-10-08
3 year-1.09%CAD 2.092023-10-06
5 year+35.97%CAD 1.522021-10-08
Since inception-60.69%CAD 5.191996-01-03

Meren Energy Financials at a Glance

Market Cap

CA$1.38BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$721.29M

Net Income (TTM)

-$97.52M

EPS (TTM)

-CA$0.20

P/E Ratio

-10.34

Dividend

CA$0.21

Beta (Volatility)

0.97 (Low)

Price

CA$2.07

Volume

652,293

Open

CA$2.06

Previous Close

CA$2.07

Daily Range

CA$2.06 - CA$2.09

52-Week Range

CA$1.67 - CA$2.58

Estimated Earnings Date

Nov 10, 2026

MER News

No articles available.

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About Meren Energy

Meren Energy Inc. is an oil and gas exploration and production company operating primarily in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company focuses on developing and producing oil and gas assets, leveraging its strategic position in deepwater Nigeria and a diverse portfolio across West and Southern Africa.

Products and Services
  • Oil and gas exploration and production in Africa
  • Development of deepwater assets in Nigeria
  • Portfolio of exploration assets in Namibia and South Africa
Growth Outlook
  • Recent quarterly revenue increased to USD 191.6 million, up from USD 112.4 million
  • Operating income improved significantly, reaching USD 75 million in Q2 2026
  • Strong cash flow generation with operating cash flow of USD 58.8 million in Q2 2026
Financial Highlights
  • Trailing twelve months (TTM) revenue of USD 1.1 billion, reflecting robust operational performance
  • Net income of USD 30.9 million in Q2 2026, indicating a positive turnaround
  • Dividend yield of 9.56%, showcasing commitment to returning value to shareholders
Meren Energy Inc. has demonstrated a strong operational performance, particularly in the most recent quarter, with a notable increase in revenue and operating income. The company's strategic focus on deepwater assets in Nigeria positions it well for future growth, especially as global energy demand continues to rise. The significant cash flow generation further supports the company's ability to invest in new projects and enhance shareholder value through dividends. With a solid market capitalization and a commitment to sustainable practices, Meren Energy Inc. presents an intriguing opportunity for investors interested in the energy sector.
AI Generated • Sep 27, 2026

Industry

Oil, Gas and Consumable Fuels

Sector

Energy

Employees

50

CEO

Oliver Quinn, PhD

Website

mereninc.com

Headquarters

Vancouver, BC V6C 2X8, CA

MER Financials

Key Financial Metrics (TTM)

Gross Margin

26.31%

Operating Margin

22.65%

Net Income Margin

-13.52%

Return on Equity

-12.79%

Return on Capital

8.64%

Return on Assets

-5.32%

Earnings Yield

-9.67%

Dividend Yield

10.08%

Payout Ratio

-1.02%

Stock Overview

Market Cap

CA$1.38BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

676.12M

Volume

652.29K

Avg. Volume

913.24K

Financials (TTM)

Gross Profit

$189.78M

Operating Income

$163.36M

EBITDA

$390.01M

Operating Cash Flow

$246.59M

Capital Expenditure

-$21.80M

Free Cash Flow

$224.79M

Cash & ST Invst.

$77.57M

Total Debt

$292.82M

Meren Energy Performance Analysis

Meren Energy annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 0N/A
20232023-12-31USD 0N/A
20242024-12-31USD 0N/A
20252025-12-31USD 782,341,868N/A
Meren Energy sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30212.7%
Q42025-12-31-7.5%
Q12026-03-31-43.9%
Q22026-06-3070.4%
Meren Energy annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.17N/A
20232023-12-31USD 0.25N/A
20242024-12-31USD -0.85N/A
20252025-12-31USD -0.07-91.7%
Meren Energy sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3066.7%
Q42025-12-31-1966.7%
Q12026-03-3156.1%
Q22026-06-30173.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Currently no data to display.

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$191.62M

+176.5%

Gross Profit

$79.79M

+75.7%

Gross Margin

41.64%

N/A

Market Cap

CA$1.38BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

CA$27.59M

N/A

Employees

50

N/A

Net Income

$30.98M

+899.3%

EBITDA

$122.55M

+19.4%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$77.57M

-70.9%

Total Debt

$292.82M

-22.8%

Accounts Receivable

$117.31M

-49.4%

Inventory

$100.84M

+5.5%

Long Term Debt

$291.82M

-22.9%

Short Term Debt

$998.37K

+42.6%

Return on Assets

-5.32%

N/A

Return on Invested Capital

10.39%

N/A

Free Cash Flow

$58.81M

+394.0%

Operating Cash Flow

$58.81M

+465.5%

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Questions About MER

What is the current price of Meren Energy?

Meren Energy is trading at CA$2.07 per share.

What is the 52-week range for Meren Energy?

Over the past 52 weeks, Meren Energy has traded between CA$1.67 and CA$2.58.

How much debt does Meren Energy have?

As of the most recent reporting period, Meren Energy reported total debt of $416.12M.

How much cash does Meren Energy have on hand?

Meren Energy reported $110.24M in cash and cash equivalents in its most recent financial results.

What is Meren Energy’s dividend yield?

Meren Energy currently has a dividend yield of 10.08%.

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