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ARC Resources Ltd. (T:ARX)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 1200-308 4 Ave SW
Tel: 1-403-5097280
IR: See website
Key People
Harold N. Kvisle
Independent Chairman of the Board
Grant A. Zawalsky
Corporate Secretary
Terry M. Anderson
Chief Executive Officer, Director
Kristen J. Bibby
Chief Financial Officer, Senior Vice President
Armin Jahangiri
Vice President - Operations
Ryan V. Berrett
Vice President - Marketing
Lisa A. Olsen
Vice President - Human Resources
Christopher D. Baldwin
Vice President - Geosciences
Sean R. A. Calder
Vice President - Production
Larissa M. Conrad
Vice President - Development and Planning
Business Overview
ARC Resources Ltd is a Canada-based oil and gas company. The Company' activities is focused on the exploration, development and production of conventional crude oil, condensate, natural gas liquids (NGLs) and natural gas in western Canada. It is focused in the Montney resource play in Alberta and northeast British Columbia and the Pembina Cardium in Alberta. It operates approximately 638,000 net acres in this Montney operations. Its areas include Dawson, Parkland/Tower, Sunrise, Attachie and Ante Creek. The Pembina Cardium is a conventional oil fields in Alberta. Its properties include the North Pembina Cardium Unit No. 1, Berrymoor Cardium Unit, Buck Creek, Lindale Cardium Unit, as well as numerous MIPA properties.
Financial Overview
For the fiscal year ended 31 December 2020, ARCResources Ltd revenues decreased 7% to C$1.13B. Net lossincreased from C$27.6M to C$547.2M. Revenues reflect OilEquivalent Prod. (Units/day)- Pembin decrease of 14% to 9Kbarrels per day, Sales of commodities purchased from thirdecrease of 60% to C$37.7M, Commodity sales from productiondecrease of 5% to C$1.14B. Higher net loss reflects Gain onforeign exchange decrease of 89% to C$4M (income).
Employees: 438 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $3,462M as of Dec 31, 2020
Annual revenue (TTM): $1,134M as of Dec 31, 2020
EBITDA (TTM): $581.80M as of Dec 31, 2020
Net annual income (TTM): -$547.20M as of Dec 31, 2020
Free cash flow (TTM): $217.50M as of Dec 31, 2020
Net Debt Last Fiscal Year: $750.70M as of Dec 31, 2020
Shares outstanding: 354,371,416 as of Jan 25, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization