UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39394 Montrose Environmental Group, Inc. (Exact name of Registrant as specified in its Charter) Delaware 46-4195044 (State or other j ...

Montrose Environmental Group (NYSE:MEG) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsAdrianne Griffin - SVP of Investor Relations and TeasuryAllan Dicks - CFOTami Zakaria - Executive DirectorTim Mulrooney - Partner and Group Head of Global ServicesVijay Manthripragada - President and CEOConference Call ParticipantsJim Ricchiuti - AnalystOperatorHello, welcome to the Montrose Environmental Fourth Q 25 Earnings Call. All lines have been placed on mute to prevent any background noise ...

Montrose Environmental Group (NYSE:MEG) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsAdrianne Griffin - SVP of Investor Relations and TeasuryAllan Dicks - CFOTami Zakaria - Executive DirectorTim Mulrooney - Partner and Group Head of Global ServicesVijay Manthripragada - President and CEOConference Call ParticipantsJim Ricchiuti - AnalystOperatorHello, welcome to the Montrose Environmental Fourth Q 25 Earnings Call. All lines have been placed on mute to prevent any background noise ...

Montrose Environmental Group (NYSE:MEG) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Speaker3Hello, welcome to the Montrose Environmental Fourth Q 25 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by 1 on your telephone keypad. If you would like to withdraw your question, press star 1 again. I will then turn the ...

2025 EARNINGS: FULL YEAR and 4Q RESULTS FEBRUARY 26, 2026 © Montrose Environmental Group, Inc. 1 DISCLOSURES SAFE HARBOR Statements contained herein and in the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that pr ...

For the quarter ended December 2025, Montrose Environmental (MEG) reported revenue of $193.27 million, up 2.2% over the same period last year. EPS came in at $0.35, compared to $0.29 in the year-ago quarter.The reported revenue represents a surprise of +4.02% over the Zacks Consensus Estimate of $185.8 million. With the consensus EPS estimate being $0.24, the EPS surprise was +48.94%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Montrose Environmental (MEG) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +48.94%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.36, delivering a surprise of +9.09%.Over the last four quarters, the c ...

Exhibit 99.1 Montrose Environmental Group Reports Record Revenue, Earnings and Cash Flow in 2025; Increases 2026 Guidance Full-Year 2025 Highlights (comparisons to full-year 2024) 2026 Guidance Updates Little Rock, Arkansas (February 25, 2026) – Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that sustains us to enhance environmental stewardship while supporting economic development. Toda ...

Core Viewpoint - Cenovus Energy Inc. (CVE) is positioned as a leading integrated energy company in Canada, focusing on low-cost oil sands and heavy oil production, with ambitious growth targets for upstream production by 2026 [2][3]. Upstream Operations - CVE's upstream earnings are primarily driven by its Oil Sands business, which supports low-cost production. The company aims for a 4% year-over-year growth in upstream production, targeting 945,000 to 985,000 barrels of oil equivalent per day (BOE/d) by 2026 [3][8]. - The acquisition of MEG Energy in November 2025 is expected to add 110,000 barrels per day of low-cost oil sands production and facilitate integrated development in the Christina Lake region, enhancing production levels in 2026 [3][8]. Downstream Operations - CVE's downstream operations help mitigate the impact of fluctuations in West Texas Intermediate (WTI) crude prices, thereby supporting overall profitability despite upstream volatility [4][8]. Industry Comparison - Other Canadian integrated energy companies, such as Canadian Natural Resources (CNQ) and Imperial Oil Limited (IMO), are also setting ambitious production targets for 2026, with CNQ aiming for 1,590 to 1,650 thousand barrels of oil equivalent per day (MBOE/d), representing a 3% increase from 2025 [5][6]. Financial Performance - CVE's shares have increased by 19.8% over the past year, slightly underperforming compared to the industry average of 22.6% [7]. - The company trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 5.65X, which is below the industry average of 6.14X [10]. - The Zacks Consensus Estimate for CVE's 2025 earnings remains unchanged, with projected earnings of $1.54 per share [11][12].

Core Viewpoint - Investors are evaluating Montrose Environmental (MEG) and Waste Management (WM) to determine which stock represents a better value opportunity in the Waste Removal Services sector [1] Group 1: Company Rankings and Analyst Outlook - Montrose Environmental has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision activity compared to Waste Management, which has a Zacks Rank of 3 (Hold) [3] - The improving analyst outlook for MEG suggests a stronger potential for value investors [3] Group 2: Valuation Metrics - MEG has a forward P/E ratio of 17.40, significantly lower than WM's forward P/E of 26.28, indicating that MEG may be undervalued [5] - The PEG ratio for MEG is 0.91, while WM's PEG ratio is 2.44, further suggesting that MEG is a more attractive investment based on expected earnings growth [5] - MEG's P/B ratio stands at 1.98, compared to WM's P/B of 9.22, reinforcing MEG's position as the superior value option [6] - Overall, MEG has earned a Value grade of B, while WM has a Value grade of C, highlighting MEG's stronger valuation metrics [6]