This company is also listed in the United States as ERF on the NYSE. Click here to get the live US quote and see if there are any SEC insider filings.. |
Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | The Dome Tower, 3000 - 333 7Th Avenue Sw CALGARY AB T2P 2Z1 |
Tel: | N/A |
Website: | https://www.enerplus.com |
IR: | See website |
Key People | ||
Ian C. Dundas President, Chief Executive Officer, Director | Jodine J. Jenson Labrie Chief Financial Officer, Senior Vice President | Wade Don Hutchings Chief Operating Officer, Senior Vice President |
Shaina Brianne Morihira Vice President - Finance | David A. Mccoy Vice President, General Counsel, Corporate Secretary | Garth R. Doll Vice President - Marketing |
Terry S. Eichinger Vice President - Drilling, Completions & Operations Support | Nathan D. Fisher Vice President - United States Business Unit | Daniel J. Fitzgerald Vice President - Business Development |
Business Overview |
Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of the Bakken/Three Forks light oil shale play where it holds approximately 235,600 net acres in North Dakota. The acreage is primarily located across the Fort Berthold Indian Reservation, as well as in Williams and Dunn Counties. It holds an interest in approximately 32,500 net acres in the dry gas window of the Marcellus shale in northeast Pennsylvania. This non-operated position is located in Susquehanna, Bradford, Wyoming, Sullivan and Lycoming counties. |
Financial Overview |
For the three months ended 31 March 2024, Enerplus Corp revenues decreased 12% to $362M. Net income decreased 52% to $66.1M. Revenues reflect Crude Oil - Production - Total decrease of 2% to 4.3M barrels, Oil Equivalent Production (Units/day) - decrease of 11% to 87K barrels per day. Net income also reflects Average Production Costs per unit, Total increase of 13% to $20.66 per barrel, Net realized cash gain/(loss) decrease of 98% to $754K |
Employees: | 404 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,743M as of Mar 31, 2024 |
Annual revenue (TTM): | $2,203M as of Mar 31, 2024 |
EBITDA (TTM): | $1,183M as of Mar 31, 2024 |
Net annual income (TTM): | $525.73M as of Mar 31, 2024 |
Free cash flow (TTM): | $290.83M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $192.26M as of Mar 31, 2024 |
Shares outstanding: | 204,246,000 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |