May 5 (Reuters) - ARC Resources Ltd ARX.TO :
* . REPORTS FIRST QUARTER 2021 RESULTS AND PROVIDES 2021 GUIDANCE
* Q1 FFO PER SHARE C$0.77
* DELIVERED RECORD AVERAGE DAILY PRODUCTION OF 170,430 BOE PER DAY IN QUARTER
* UPDATED 2021 CAPITAL BUDGET OF C$950 MILLION TO C$1.0 BILLION
* RECOGNIZED NET INCOME OF $178.0 MILLION ($0.50 PER SHARE) DURING Q1 OF 2021
* ARC ANTICIPATES ITS Q2 2021 PRODUCTION WILL BE APPROXIMATELY SEVEN PER CENT LOWER THAN Q1 2021
* PRODUCTION DURING SECOND HALF OF 2021 IS EXPECTED TO AVERAGE APPROXIMATELY 340,000 BOE PER DAY
* ALL FIGURES IN C$