RE:RE:earnings
https://quotes.wsj.com/CA/BIR/research-ratings
Adjusted Funds Flow and Net Income to Common Shareholders Birchcliff had adjusted funds flow of $75.4 million, or $0.28 per basic common share, a 17% increase from $64.4 million and $0.24 per basic common share in Q3 2017. The increase was primarily due to higher corporate production, higher average realized oil and NGLs sales prices and lower operating expense, partially offset by a lower average realized natural gas sales price, higher aggregate royalty and transportation and other expenses and a realized loss on financial instruments. Birchcliff recorded net income to common shareholders of $6.7 million, or $0.03 per basic common share, as compared to the net loss to common shareholders of $121.7 million and $0.46 per basic common share in Q3 2017. The change from a net loss to a net income position was primarily due to a $132.3 million after-tax loss from the sale of the Worsley assets which was recorded in Q3 2017 and higher adjusted funds flow, partially offset by an increase in depletion and income tax expenses and an unrealized mark-to-market loss on financial instruments in Q3 2018.