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ARC Resources Ltd. (T:ARX)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: CALGARY, 1200, 308 4TH AVENUE SW
Tel: 1-403-5097280
IR: See website
Key People
Marty L. Proctor
Vice Chairman of the Board
Sean W. Stuart
Vice President - Capital Operations
Kristen J. Bibby
Chief Financial Officer, Senior Vice President
Armin Jahangiri
Chief Operating Officer, Senior Vice President
Ryan V. Berrett
Senior Vice President - Marketing
Lisa A. Olsen
Senior Vice President - People and Corporate
Kristin L. Cerny
Vice President - Finance
Katherine J. Gomes
Vice President, Controller
Sean R. A. Calder
Vice President - Production
Brian R. Groundwater
Vice President - Engineering and Geoscience
Business Overview
ARC Resources Ltd. is a Canada-based oil and gas company. The Company's activities are focused on the exploration, development and production of unconventional crude oil, condensate, natural gas and Natural gas liquids (NGLs) in western Canada. The Company's assets are located in northeast British Columbia and northern Alberta in the Montney formation. The Company's operations in Northern Alberta are located near Grande Prairie and include Kakwa and Ante Creek. The Company's operations in northeast British Columbia feature low-emissions assets and a network of owned-and-operated facilities that are connected to third-party egress and hydroelectricity. The Company's operations in the Northeast British Columbia region include Greater Dawson, Sunrise and Attachie. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland 3-9.
Financial Overview
For the six months ended 30 June 2022, ARC Resources Ltd revenues increased from C$1.76B to C$4.38B. Net income increased from C$55M to C$693.5M. Revenues reflect Condensate segment increase from C$609.9M to C$1.73B, Natural Gas Production (Cubic Feet) increase of 25% to 229.9B cubic feet, Oil Equivalent Prod. (Units/day)- Sunris increase of 7% to 45K barrels per day.
Employees: 522 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $14,976M as of Jun 30, 2022
Annual revenue (TTM): $7,738M as of Jun 30, 2022
EBITDA (TTM): $4,676M as of Jun 30, 2022
Net annual income (TTM): $1,425M as of Jun 30, 2022
Free cash flow (TTM): $1,585M as of Jun 30, 2022
Net Debt Last Fiscal Year: $2,058M as of Jun 30, 2022
Shares outstanding: 654,890,095 as of Sep 7, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization