ARC Resources Ltd T.ARX

Alternate Symbol(s): AETUF

Energy Oil & Gas E&P

ARC Resources Ltd. is a Canadian energy company. It is focused on the exploration, development, and production of unconventional natural gas, condensate, natural gas liquids (NGLs), and crude oil in western Canada. Its operations are focused in the Montney region in Alberta and northeast British Columbia. Its operations in Alberta are located near Grande Prairie and the region includes Kakwa and Ante Creek. Kakwa is a condensate-rich and high-deliverability natural gas play with top-tier development opportunities. Its operations in northeast British Columbia are located near Dawson Creek and the region includes Greater Dawson, Sunrise, Attachie, and Septimus and Sundown. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland. The Attachie is a condensate-rich, natural gas play primed for large-scale development. Sunrise is a dry natural gas play with a low-cost structure, well deliverability and direct connectivity to liquefied natural gas Canada.

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ARC Resources Ltd > Compare quarters chart

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Post by andy604on May 04, 2023 9:00pm

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Post# 35431779

Compare quarters chart

(Cdn$ millions, except per share amounts(1), boe amounts,	Three Months Ended
and common shares outstanding)	December 31, 2022	March 31, 2023	March 31, 2022
FINANCIAL RESULTS
Net income (loss)	741.0	574.9	(69.4)
Per share	1.18	0.93	(0.10)
Cash flow from operating activities	878.3	540.3	758.8
Per share(2)	1.39	0.87	1.10
Funds from operations	986.2	717.4	743.6
Per share	1.56	1.16	1.08
Free funds flow	602.9	230.0	410.3
Per share	0.96	0.37	0.60
Dividends declared	93.4	91.9	68.2
Per share	0.15	0.15	0.10
Cash flow used in investing activities	350.7	397.4	346.7
Capital expenditures	383.3	487.4	333.3
Long-term debt	990.0	1,056.0	1,578.7
Net debt	1,301.5	1,264.7	1,695.5
Common shares outstanding, weighted average diluted (millions)	630.3	619.2	688.8
Common shares outstanding, end of period (millions)	620.9	611.2	680.9
OPERATIONAL RESULTS
Production
Crude oil (bbl/day)	7,280	7,884	7,892
Condensate (bbl/day)	82,855	71,085	72,956
Crude oil and condensate (bbl/day)	90,135	78,969	80,848
Natural gas (MMcf/day)	1,310	1,264	1,280
NGLs (bbl/day)	51,311	48,800	50,257
Total (boe/day)	359,730	338,377	344,447
Average realized price
Crude oil ($/bbl)(2)	103.58	92.78	111.48
Condensate ($/bbl)(2)	107.24	104.10	119.15
Natural gas ($/Mcf)	8.31	5.89	5.98
NGLs ($/bbl)(2)	28.86	28.59	27.94
Average realized price ($/boe)(2)	61.17	50.16	54.10
Netback
Commodity sales from production ($/boe)(2)	61.17	50.16	54.10
Royalties ($/boe)(2)	(10.18)	(7.96)	(7.81)
Operating expense ($/boe)(2)	(4.37)	(4.50)	(4.04)
Transportation expense ($/boe)(2)	(5.70)	(5.61)	(5.57)
Netback ($/boe)(3)	40.92	32.09	36.68
TRADING STATISTICS(4)
High price	20.49	18.07	17.50
Low price	17.05	14.33	11.66
Close price	18.25	15.33	16.74
Average daily volume (thousands of shares)	4,259	5,949	4,224