ARC Resources Ltd reports results for the quarter ended December 31 - Earnings Summary

ARC Resources

07/02/2025 24:01

* ARC Resources Ltd  ARX.TO  reported quarterly adjusted
earnings
of 63 cents​​ per share for the quarter ended December 31, lower
than the same quarter last year, when the company reported EPS
of 84 cents.  The mean expectation of five analysts for the
quarter was for earnings of 52 cents per share. Wall Street
expected results to range from 46 cents to 58 cents per share.
    * Revenue rose 2.3% to C$1.42 billion from a year ago;
analysts
expected C$1.36 billion. 
    * ARC Resources Ltd's reported EPS for the quarter was 63
cents​.
    * The company reported quarterly net income of C$370.3
million.
    * ARC Resources Ltd shares had fallen by 4.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for ARC Resources Ltd
is C$32.50 
This summary was machine generated from LSEG data February 7 at
12:00 a.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.20           1.10           Missed
 Sep. 30 2024      0.91           0.88           Missed
 Jun. 30 2024      0.87           0.91           Beat
 Mar. 31 2024      0.99           1.06           Beat