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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
 
Company Contact
Address: 1200, 308 - 4th Ave S.W.
CALGARY AB T2P 0H7
Tel: N/A
Website: https://www.arcresources.com
IR: See website
Key People
Terry M. Anderson
President, Chief Executive Officer, Management Director
Brian R. Groundwater
Vice President - Engineering and Geoscience
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
Sean R. A. Calder
Vice President - Field Operations
Katherine J. Gomes
Vice President, Controller
Michael C Capon
Vice President - Information Technology
   
Business Overview
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.
Financial Overview
For the nine months ended 30 September 2024, ARC Resources Ltd revenues decreased 14% to C$3.69B. Net income decreased 31% to C$753.8M. Revenues reflect Natural Gas segment decrease of 43% to C$797.7M, Natural Gas Production (Cubic Feet) decrease of 33% to 239.89B cubic feet, Oil Equivalent Prod (Units/day)- Kakwa decrease of 11% to 168K barrels per day. Net income also reflects Avg. Production Costs per Barrel.
Employees: 622 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $17,094M as of Sep 30, 2024
Annual revenue (TTM): $5,056M as of Sep 30, 2024
EBITDA (TTM): $2,526M as of Sep 30, 2024
Net annual income (TTM): $1,260M as of Sep 30, 2024
Free cash flow (TTM): -$32.30M as of Sep 30, 2024
Net Debt Last Fiscal Year: $2,467M as of Sep 30, 2024
Shares outstanding: 592,623,925 as of Oct 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization