ARC Resources Ltd. (T:ARX*CA)
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 | ||
| Kristen J. Bibby Chief Financial Officer, Senior Vice President | Sean W. Stuart Vice President - Capital Operations | 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 | Brian R. Groundwater Vice President - Engineering and Geoscience | Tejay D. Haugen Vice President - Operations Planning |
| Business Overview |
| ARC Resources Ltd. is a Canada-based energy company. The Company's activities are focused on the exploration, development, and production of unconventional natural gas, condensate, Natural gas liquids (NGLs), and crude oil in western Canada. The Company's assets are located in the Montney region in Alberta and northeast British Columbia. The Company's operations in Alberta are located near Grande Prairie and the region includes Kawka and Ante Creek. Kawka is a premium condensate-rich and high-deliverability natural gas play with top-tier development opportunities. The Company's operations in northeast British Columbia feature low-emissions assets and are strategically connected to third-party egress and hydroelectricity. The Company's 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 3-9. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, ARC Resources Ltd revenues decreased 35% to C$5.67B. Net income decreased 31% to C$1.6B. Revenues reflect Natural Gas segment decrease of 51% to C$1.82B, Oil Equivalent Prod. (Units/day)- Dawson decrease of 8% to 88K barrels per day. Net income also reflects Depreciation increase of 7% to C$1.33B (expense). Dividend per share increased from C$0.49 to C$0.66. |
| Employees: | 584 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $17,127M as of Dec 31, 2023 |
| Annual revenue (TTM): | $5,667M as of Dec 31, 2023 |
| EBITDA (TTM): | $3,094M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,597M as of Dec 31, 2023 |
| Free cash flow (TTM): | $164.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,208M as of Dec 31, 2023 |
| Shares outstanding: | 597,693,389 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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