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BRIEF-Husky Energy Reports Quarterly FFO Per Basic Share Of $0.47

Published 2020-02-27, 07:49 a/m
BRIEF-Husky Energy Reports Quarterly FFO Per Basic Share Of $0.47
HSE
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Feb 27 (Reuters) - Husky Energy Inc HSE.TO :

* HUSKY ENERGY REPORTS 2019 FOURTH QUARTER AND ANNUAL RESULTS

* QTRLY REVENUE, NET OF ROYALTIES, $4.79 BILLION VERSUS $5.31 BILLION

* Q4 REVENUE VIEW C$4.84 BILLION -- REFINITIV IBES DATA

* QTRLY BASIC LOSS PER SHARE $2.34

* Q4 EARNINGS PER SHARE VIEW C$0.01 -- REFINITIV IBES DATA

* QTRLY FFO PER BASIC SHARE $0.47

* Q4 OPERATING RESULTS NEGATIVELY IMPACTED BY LOWER U.S. CRACK SPREADS, EXTENDED SHUTDOWN OF LIMA REFINERY

* HUSKY ENERGY INC - Q4 OPERATING RESULTS NEGATIVELY IMPACTED BY LOWER INFRASTRUCTURE AND MARKETING MARGINS

* Q4 OPERATING RESULTS NEGATIVELY IMPACTED BY SEVERANCE COSTS RELATED TO STAFF REDUCTIONS

* HUSKY ENERGY - IN Q4, RECOGNIZED ASSET IMPAIRMENT AND OTHER CHARGES OF $2.3 BILLION (AFTER TAX)

* HUSKY ENERGY - Q4 CHARGES OF $2.3 BILLION LARGELY RELATED TO LONG-TERM PRICE ASSUMPTIONS AND REDUCTIONS IN LONG-TERM CAPITAL EXPENDITURE PLANS

* QTRLY OVERALL UPSTREAM PRODUCTION OF 311,300 BOE/DAY VERSUS 304,300 BOE/DAY

* QTRLY DOWNSTREAM THROUGHPUT OF 203,400 BBLS/DAY VERSUS 286,900 BBLS/DAY

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