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BRIEF-Arc Resources Reports First Quarter 2021 Results And Provides 2021 Guidance

Published 2021-05-05, 09:33 p/m
© Reuters.
ARX
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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$

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