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 fiscal year ended 31 December 2023, Enerplus Corp revenues decreased 29% to $1.66B. Net income decreased 50% to $456.1M. Revenues reflect United States segment decrease of 25% to $1.66B. Net income also reflects Exploration and Development Costs US increase of 26% to $537.8M, Net Unrealized cash gain/ (loss) - Commo decrease from $149.5M (income) to $25.6M (expense). Dividend per share increased from $0.20 to $0.23. |
Employees: | 404 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,515M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,256M as of Dec 31, 2023 |
EBITDA (TTM): | $1,263M as of Dec 31, 2023 |
Net annual income (TTM): | $618.76M as of Dec 31, 2023 |
Free cash flow (TTM): | $457.85M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $161.85M as of Dec 31, 2023 |
Shares outstanding: | 203,715,401 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |