Provident Energy Trust (PVX, PVE_U.TO) reported that net income for the third quarter plunged to C$51.66 million or C$0.20 per unit from C$351.11 million or C$1.29 per unit in the prior year.
Quarterly funds flow from continuing operations declined to C$54.87 million or C$0.21 per unit from C$139.98 million or C$0.51 per unit last year.
Revenue from continuing operations for the quarter was C$465.43 million, down 58% from C$1.10 billion a year earlier.
The company also announced November cash distribution of C$0.06 per unit is payable on December 15, 2009 and will be paid to unit holders of record as of November 24, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.