Latest news with #ArcResourcesLtd
Winnipeg Free Press
15-05-2025
- Business
- Winnipeg Free Press
Strathcona Resources selling Montney assets for $2.84 billion
CALGARY – Strathcona Resources Ltd. has signed a series of three agreements to sell its assets in the Montney region valued at a total of $2.84 billion. The company says once the deals are complete it will be a pure-play heavy oil company. Strathcona says Arc Resources Ltd. will acquire its Kakwa asset in a deal valued at $1.7 billion, while Tourmaline Oil Corp. will buy its Groundbirch asset for $291.5 million in Tourmaline shares. Strathcona is also selling its Grande Prairie asset in an agreement valued at $850 million. It did not identify the buyer. The company also said it has bought the Hardisty rail terminal in Alberta for about $45 million. It says the terminal is the largest crude-by-rail terminal in Western Canada. This report by The Canadian Press was first published May 15, 2025. Companies in this story: (TSX:SCR, TSX:ARX, TSX:TOU)
San Francisco Chronicle
01-05-2025
- Business
- San Francisco Chronicle
Arc Resources: Q1 Earnings Snapshot
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Arc Resources Ltd. (AETUF) on Thursday reported first-quarter profit of $281.9 million. On a per-share basis, the Calgary, Alberta-based company said it had profit of 48 cents. The oil and natural gas company posted revenue of $924.6 million in the period. Arc Resources shares have increased slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.17, a climb of 2% in the last 12 months.
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.
