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BRIEF-Enerplus Q2 Earnings Per Share C$0.05

Published 2018-08-10, 06:05 a/m
BRIEF-Enerplus Q2 Earnings Per Share C$0.05
ERF
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Aug 10 (Reuters) - Enerplus Corp ERF.TO :

* ENERPLUS ANNOUNCES SECOND QUARTER 2018 RESULTS

* Q2 EARNINGS PER SHARE C$0.05

* COMPANY PRODUCTION OF 92,883 BOE PER DAY IN Q2

* QTRLY COMPANY LIQUIDS PRODUCTION WAS UP 21% QUARTER-OVER-QUARTER, AVERAGING 50,050 BARRELS PER DAY

* 2018 CAPITAL SPENDING GUIDANCE TIGHTENED TO $585 MILLION

* 2018 ADJUSTED FUNDS FLOW EXPECTED TO EXCEED CAPITAL EXPENDITURES AND DIVIDENDS BY OVER $100 MILLION

* IS INCREASING ITS 2018 PRODUCTION GUIDANCE TO 91,000 TO 93,000 BOE PER DAY

* 2018 ANNUAL LIQUIDS PRODUCTION GUIDANCE IS BEING REVISED TO 49,000 TO 50,000 BARRELS PER DAY

* ENERPLUS - CAPITAL SPENDING FOR H2 IS EXPECTED TO BE WEIGHTED TO Q3.

* ENERPLUS - HAVE VISIBILITY TO GENERATING OVER $100 MILLION IN FREE CASH FLOW IN H2

* ENERPLUS - ADJUSTED FUNDS FLOW WAS $173.7 MILLION DURING Q2, UP 12% COMPARED TO $155.2 MILLION IN PREVIOUS QUARTER

* ENERPLUS - NATURAL GAS PRODUCTION FOR Q2 AVERAGED 257 MMCF PER DAY, LARGELY FLAT TO PRIOR QUARTER.

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