ARC reported third quarter financial results below expectations, (CFPS $0.41 vs. GMPFE $0.44 vs. $0.46). Lower margins were largely driven by lower pricing in both commodity complexes. It observed a $40 mm impairment in the period. There are no material changes to AFFO outlook. We have boosted 2020e volume output on lower capex (-$50 mm), in line with guidance, with higher growth flowing into 2020e. We are reiterating our 12-month target of $8.00/sh, which is a 5.4x 2020e EV/DACF target multi
08 Nov 2019
Reports 3Q19 results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Reports 3Q19 results
ARC Resources Ltd. (ARX:TSE) | 0 0 0.0% | Mkt Cap: 4,383m
- Published:
08 Nov 2019 -
Author:
Robert Fitzmartyn -
Pages:
7
ARC reported third quarter financial results below expectations, (CFPS $0.41 vs. GMPFE $0.44 vs. $0.46). Lower margins were largely driven by lower pricing in both commodity complexes. It observed a $40 mm impairment in the period. There are no material changes to AFFO outlook. We have boosted 2020e volume output on lower capex (-$50 mm), in line with guidance, with higher growth flowing into 2020e. We are reiterating our 12-month target of $8.00/sh, which is a 5.4x 2020e EV/DACF target multi