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BRIEF-Encana reports qtrly net earnings of $331 million

Published 2017-07-21, 06:13 a/m
© Reuters.  BRIEF-Encana reports qtrly net earnings of $331 million
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July 21 (Reuters) - Encana Corp ECA.TO

* Encana delivers strong second quarter results; company expands margins, exceeds type curves, grows premium well inventory and updates guidance

* Qtrly net earnings of $331 million compared to a loss of $601 million in Q2 of 2016

* Qtrly core asset production of 246,500 barrels of oil equivalent per day

* Expects - Core assets will deliver 25 to 30 percent production growth from Q4 of 2016 to Q4 of 2017

* Encana Corp - delivered Q2 total production of 316,000 boe/d, including total liquids production of 124,900 bbls/d

* Encana Corp - "Encana is outperforming its initial 2017 corporate guidance"

* By year-end 2017, expects net debt to adjusted EBITDA ratio will be about two times, will have total liquidity of over $5 billion

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