ARC Resources Ltd T.ARX

2.5 times EPS beat?!

[Quintessential1]

Am I reading that right?  WIth all the headwinds, wildfires etc...?

Can't say I like the debt add but I am hoping that improved production in H2 will help with that.

Funny, I had no sooner posted my last post than I saw that earnings were released.

I knew they would be pretty good just based on how early they came out.

I am looking forward to seeing how the market reacts to this tomorrow but I am a little gun shy the way they have been treating oil lately.  Huge draws and WTI drops?

This stock and company are obviously solid though.

Looking forward to this:

• Full productive capacity of approximately 40,000 boe per day (40 per cent natural gas and 60 per cent crude oil and liquids) is anticipated to be on-stream in the first half of 2025.

2 years from now the main profit production commodity of ARX starts to exceed the one that help build it by 50%. As of now it is the other way around and they are making outstanding bank.

GLTA ARX BULLS

[Quintessential1]

Nope wasn't reading that right.  Was using FFO instead of EPS.  Still a beat and a good one given the lousy quarter Canadian O&G had. GLTA ARX BULLS

[Sunsurfer12]

NI of $0.46 compared to $0.37 consensus..not quite the heart attack inducing 2.5x beat but good enough..i'm happy..although expecting a muted market response

[PabloLafortune]

$2.83 natgas realization vs $9.08 in Q2 2022. Decent prices on condensate but conde & oil are only 24.36% of the mix. 

[Quintessential1]

Hey Pablo I keep seeing these numbers reported: ARC's production averaged 343,630 boe per day during the second quarter of 2023 (63 per cent natural gas and 37 per cent crude oil and liquids). Are your numbers based just on realized pricing? What am I missing here? (besides the difference between FFO and EPS lol) TIA GLTA ARX BULLS