MEG stock weighs guidance cut against stronger margins
Published on 10/04/2026 at 10:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
MEG stock (ISIN US6151111019) was trading at USD 12.70 on the NYSE on October 2, 2026, down 0.24 percent, with volume of 996,115 shares. The quote stood at the 52-week low of USD 12.26 and below the USD 30.90 high, while market capitalization was USD 446.0 million.
Q2 revenue fell 20.4 percent
The latest operating picture is mixed. According to Yahoo Finance in the August 5, 2026 Q2 earnings call, revenue for the quarter ended June 30, 2026 fell to USD 186.7 million from USD 234.5 million in Q2 2025, a 20.4 percent decline. Adjusted EBITDA was USD 31.9 million, equal to a 17.1 percent margin versus 16.9 percent a year earlier.
The decline was tied mainly to lower environmental emergency response and recovery activity. The same call said first-half operating cash flow was negative USD 5.5 million, compared with positive USD 27.4 million in the prior-year period, giving the revenue shortfall a direct cash-flow consequence.
Guidance reset meets efficiency gains
Onterris, the company's current name after its April 21, 2026 rebrand from Montrose Environmental Group, reduced full-year 2026 revenue guidance to USD 740 million-790 million from USD 840 million-900 million. Adjusted EBITDA guidance was cut to USD 117 million-120 million from USD 125 million-130 million, but the midpoint outlook implies a 15.5 percent margin and the company retained its expectation for USD 70 million-80 million of second-half operating cash flow, according to Yahoo Finance.
That contrast is the key investor tension: the top line is shrinking, but the adjusted EBITDA margin improved by 0.2 percentage points year over year. The board's strategic review, announced with the Q2 results, adds a separate valuation and governance variable while management continues to emphasize cost optimization and cash conversion.
NYSE quote stays near yearly low
MarketBeat lists a Reduce consensus from six analysts, with one Buy, three Holds and two Sells, and an average price target of USD 19.50. The high target is USD 23.00 and the low target is USD 15.00, according to MarketBeat.
MEG stock was trading at USD 12.70 on October 2, 2026, on the NYSE, with the current symbol shown as ONT and the previous symbol as MEG. The share price was 0.24 percent lower on the session and sat at the lower edge of its USD 12.26-30.90 52-week range.
MEG stock facts
- Company: Onterris, Inc.
- ISIN: US6151111019
- Ticker: ONT, formerly MEG
- Trading venue: NYSE
- Price (as of October 2, 2026, 3:58 p.m. ET): USD 12.70
- Market capitalization: USD 446.0 million (as of October 2, 2026)
- 52-week range: USD 12.26-30.90 (as of October 2, 2026)
- Sector / Industry: Industrials / Environmental and Facilities Services
