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 |