Canadian energy producer Encana Corp. (ECA.TO,ECA) posted a narrower fourth-quarter net loss of $80 million, compared with a $476 million loss a year before. Excluding items, operating earnings totaled $296 million, or $0.40 per share, up from the prior-year quarter's $232 million, or $0.31 per share.
On average, 12 analysts polled by Thomson Reuters expected earnings per share of $0.33 for the quarter. Analysts' estimates typically exclude one-time items.
In the 2012 fourth quarter, Encana averaged 36,200 barrels per day or bbls/d of liquids production and 2.9 billion cubic feet per day or Bcf/d of natural gas production.
Looking ahead, Encana expects its oil and natural gas liquids production in 2013 to be between 50,000 to 60,000 bbls/d, and annualized natural gas production is expected to remain near current levels ranging between 2.8 to 3.0 Bcf/d.
Further, Encana's board has declared a quarterly dividend of 20 cents per share, payable on March 28, 2013 to common shareholders of record as of March 15, 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.