ARC reported second quarter financial results ahead of expectations, generating FFOPS of $0.55 relative to our outlook of $0.44, and consensus at $0.48. Recall, ARC recently reduced planned 2019e capital investment, deferring its Attachie West Phase I facility initiative (+60 mmcf/d, +10,000 bbl/d C5+, +4,000 bbl/d NGL) to align its uses of capital with funds generation, while protecting a balance sheet that is already comparatively strong in its peer group. It continues to offer 135,000- 142
01 Aug 2019
Reports 2Q19 results
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Reports 2Q19 results
ARC Resources Ltd. (ARX:TSE) | 0 0 0.0% | Mkt Cap: 4,383m
- Published:
01 Aug 2019 -
Author:
Robert Fitzmartyn -
Pages:
7
ARC reported second quarter financial results ahead of expectations, generating FFOPS of $0.55 relative to our outlook of $0.44, and consensus at $0.48. Recall, ARC recently reduced planned 2019e capital investment, deferring its Attachie West Phase I facility initiative (+60 mmcf/d, +10,000 bbl/d C5+, +4,000 bbl/d NGL) to align its uses of capital with funds generation, while protecting a balance sheet that is already comparatively strong in its peer group. It continues to offer 135,000- 142