ARC Resources Ltd. (ARX.TO), a Canadian energy company, Thursday reports its financial results for the second quarter of fiscal 2025.
The company reports a net income of $396 million or $0.68 per share, an increase from $239 million or $0.40 per share in the same quarter last year.
Revised 2025 Guidance - ARX.TO raised its 2025 capital spending guidance to $1.85-$1.95 billion (up from $1.6-$1.7 billion) to reflect its Kakwa acquisition and continued natural gas curtailments.
The new budget includes $150 million for Kakwa and $50 million for Attachie Phase II. Full-year production is now forecast at 385,000-395,000 boe/day, with the Kakwa assets contributing 35,000-40,000 boe/day in H2.
However, curtailments at Sunrise (up to 200 MMcf/day through July-August) and slower-than-expected ramp-up at Attachie reduced overall guidance by about 46,000 boe/day.
Attachie's H2 output is unchanged, expected at 35,000-40,000 boe/day. Operating costs per boe rose to $5.00-$5.50 due to Kakwa water-handling costs and Sunrise's lower-cost volumes being curtailed.
Thursday ARX.TO closed at C$27.05 or 2.59% lower on the Toronto Stock Exchange.
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