Feb 26 (Reuters) - Husky Energy Inc HSE.TO :
* HUSKY ENERGY REPORTS 2018 FOURTH QUARTER AND ANNUAL RESULTS; UPDATES 2019 GUIDANCE
* Q4 NET EARNINGS WERE $216 MILLION, COMPARED TO $672 MILLION IN Q4 2017.
* QTRLY UPSTREAM PRODUCTION AVERAGED 304,300 BOE/DAY, COMPARED TO 320,400 BOE/DAY IN THE FOURTH QUARTER OF 2017
* QTRLY TOTAL EQUIVALENT PRODUCTION 304 MBOE/DAY VERSUS 320 MBOE/DAY
* QTRLY TOTAL DOWNSTREAM THROUGHPUT WAS 286,900 BBLS/DAY COMPARED TO 387,100 BBLS/DAY IN Q4 OF 2017
* NET DEBT WAS $2.9 BILLION AT QUARTER -END
* 2019 CAPITAL SPENDING ANTICIPATED TO BE IN RANGE OF $3.3-$3.5 BILLION.
* SEES AVERAGE ANNUAL PRODUCTION IN 2019 IS EXPECTED TO BE IN RANGE OF 290,000-305,000 BOE/DAY
* QTRLY BASIC FUNDS FROM OPERATIONS PER SHARE $0.58
* EXPECTS TO CONTINUE TO OPTIMIZE PORTFOLIO IN 2019
* QTRLY BASIC EARNINGS PER SHARE $0.21
* Q4 EARNINGS PER SHARE VIEW C$0.19 -- REFINITIV IBES DATA
* EXPECTS TO CONTINUE TO OPTIMIZE ITS PORTFOLIO IN 2019 WITH STRATEGIC REVIEW AND POTENTIAL SALE OF NON-CORE DOWNSTREAM ASSETS
* ANNOUNCED PLANS TO MARKET AND POTENTIALLY SELL ITS CANADIAN RETAIL AND COMMERCIAL FUELS BUSINESS AND PRINCE GEORGE REFINERY.
* NO TIMELINE HAS BEEN DETERMINED FOR CLOSURE OF ANY POTENTIAL TRANSACTIONS
* BOARD OF DIRECTORS HAS APPROVED A QUARTERLY DIVIDEND OF $0.125 PER COMMON SHARE FOR THREE-MONTH PERIOD ENDED DECEMBER 31, 2018