Latest news with #AETUF
Business Insider
13-05-2025
- Business
- Business Insider
RBC Capital Keeps Their Buy Rating on ARC Resources (AETUF)
RBC Capital analyst Michael Harvey maintained a Buy rating on ARC Resources (AETUF – Research Report) yesterday and set a price target of C$32.00. The company's shares closed yesterday at $19.74. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Harvey covers the Energy sector, focusing on stocks such as Whitecap Resources, ARC Resources, and Advantage Energy. According to TipRanks, Harvey has an average return of 13.2% and a 50.51% success rate on recommended stocks. ARC Resources has an analyst consensus of Strong Buy, with a price target consensus of $23.63, a 19.71% upside from current levels. In a report released on May 5, CIBC also maintained a Buy rating on the stock with a C$33.00 price target. AETUF market cap is currently $11.43B and has a P/E ratio of 11.89. Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AETUF in relation to earlier this year.
Yahoo
08-02-2025
- Business
- Yahoo
ARC Resources Ltd (AETUF) Q4 2024 Earnings Call Highlights: Record Production and Strong ...
Production: 382,000 BOE per day in Q4 2024, highest in company history. Condensate and Light Oil Production: 105,000 barrels per day, 20% increase year-over-year. Free Funds Flow: $627 million for 2024, all returned to shareholders. Free Cash Flow: $420 million in Q4 2024, 17% above analyst estimates. Operating Costs: $4.20 per BOE in Q4 2024. Net Debt: $1.3 billion at year-end 2024, representing 0.5x 2024 cash flow. Capital Expenditures: $1.85 billion in 2024, largest and most efficient development program. Natural Gas Realized Price: $2.37 per Mcf in 2024, 65% greater than AECO benchmark. Reserves Growth: PDP and 2P reserves grew by 5% in 2024. NPV of 2P Reserves: Increased to $41 per share, a 6% increase per share. 2025 Production Guidance: 380,000 to 395,000 BOEs per day. 2025 Free Cash Flow Expectation: Approximately $1.8 billion. Warning! GuruFocus has detected 9 Warning Signs with CUZ. Release Date: February 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ARC Resources Ltd (AETUF) achieved record production of 382,000 BOE per day in Q4 2024, marking the highest in its 29-year history. The company reported a 20% year-over-year increase in condensate and light oil production, driven by strong performance at Kakwa and Attachie. ARC Resources Ltd (AETUF) delivered annual free funds flow of $627 million, all returned to shareholders through dividends and share buybacks. The company anticipates generating approximately $1.8 billion in free cash flow in 2025, with plans to return this to shareholders. ARC Resources Ltd (AETUF) maintained low operating costs of $4.20 per BOE, benefiting from its infrastructure ownership and market diversification strategy. Natural gas production at Sunrise was curtailed due to low gas prices, impacting overall production levels. Despite strong performance, natural gas prices in Western Canada remained low, affecting revenue potential. The company faces challenges with water cuts at Attachie, although these are performing as expected. Economic factors led to an 18% drop in gas pricing year-over-year, impacting reserve valuations. ARC Resources Ltd (AETUF) has no plans for consolidation, potentially missing out on efficiencies seen in other markets. Q: Can you provide details on the water cuts at Attachie and how they compare to expectations? A: Larissa Conrad, Senior Vice President, Chief Development Officer, explained that they expected to manage a heavier load fluid recovery period. Initially, the water cut was about 60% but has decreased to around 50%, performing as expected and similar to Kakwa. Q: Regarding reserve bookings at Attachie, is only Phase I booked? What would trigger Phase II bookings? A: Larissa Conrad confirmed that only Phase I is currently booked. Phase II bookings would be triggered by actual investment and sanctioning of the project, similar to Phase I. Q: Could you discuss the potential LNG offtake agreement with Cedar LNG and key project milestones? A: Ryan Berrett, Senior Vice President - Marketing, stated they are close to finalizing the SPA for Cedar LNG. The project is fully contracted, and they are monitoring its progress, but no specific timeline was provided. Q: How does ARC view capital allocation between growth and shareholder returns, given the large unbooked inventory? A: Terry Anderson, President and CEO, emphasized a balanced capital allocation approach, reinvesting 50% of cash flow into moderate growth and returning the other 50% to shareholders through dividends and buybacks, adhering to their 5-year plan. Q: Can you explain the performance and future expectations for Kakwa, given its strong results? A: Kristen Bibby, CFO, noted that Kakwa's high production was due to modified completions. They expect production to fluctuate but aim for an annual average of 170,000 to 175,000 BOEs per day, with peaks and declines throughout the year. Q: Is there potential to increase production at Sunrise if natural gas prices rise? A: Kristen Bibby stated that Sunrise generally operates at capacity, so there is limited flexibility to increase production significantly beyond current levels. Q: How does ARC manage operations during winter, particularly in the Attachie region? A: Armin Jahangiri, COO, explained that ARC has experience operating in Canadian winters and employs specific practices to ensure safe and efficient operations, with no significant issues expected from BC Hydro power outages. Q: What are ARC's views on consolidation in the industry, and is ARC a potential consolidator? A: Terry Anderson believes consolidation could improve industry efficiency but stated that ARC is not looking to be a consolidator, focusing instead on investing in their assets and share buybacks. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Washington Post
06-02-2025
- Business
- Washington Post
Arc Resources: Q4 Earnings Snapshot
CALGARY, Alberta — CALGARY, Alberta — Arc Resources Ltd. (AETUF) on Thursday reported fourth-quarter profit of $264.7 million. On a per-share basis, the Calgary, Alberta-based company said it had net income of 45 cents. The oil and natural gas company posted revenue of $859.4 million in the period.
