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BRIEF-Enerplus Reports Q4 EPS C$1.03

Published 2019-02-22, 06:20 a/m
© Reuters.  BRIEF-Enerplus Reports Q4 EPS C$1.03
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Feb 22 (Reuters) - Enerplus Corp ERF.TO :

* ENERPLUS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 FINANCIAL AND OPERATING RESULTS AND 2018 YEAR END RESERVES

* Q4 ADJUSTED EARNINGS PER SHARE C$0.42

* Q4 EARNINGS PER SHARE C$1.03

* TOTAL Q4 PRODUCTION AVERAGED 97,860 BOE PER DAY

* ENDED 2018 WITH A NET DEBT TO ADJUSTED FUNDS FLOW RATIO OF 0.4 TIMES

* RECEIVED APPROVAL FROM BOARD OF DIRECTORS TO RENEW NORMAL COURSE ISSUER BID UPON EXPIRY OF EXISTING TERM ON MARCH 25, 2019

* SEES 2019 CAPITAL SPENDING $565 MILLION TO $635 MILLION

* SEES 2019 AVERAGE ANNUAL PRODUCTION 94,000 TO 100,000 BOE/D

* SEES 2019 AVERAGE ANNUAL CRUDE OIL AND NATURAL GAS LIQUIDS PRODUCTION 52,500 TO 56,000 BBL/D

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