ARC Resources Ltd reports results for the quarter ended June 30 - Earnings Summary

ARC Resources

01/08/2025 05:27

ARC Resources Ltd ARX.TO reported quarterly adjusted earnings of 68 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 40 cents.  The mean expectation of six analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 35 cents to 55 cents per share.

Revenue rose 35.7% to C$1.56 billion from a year ago; analysts expected C$1.37 billion.

ARC Resources Ltd's reported EPS for the quarter was 68 cents​.

The company reported quarterly net income of C$396.1 million.

ARC Resources Ltd shares had fallen by 3.3% this quarter and gained 6.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 2% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 1 "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$34.00, about 20.4% above its last closing price of C$27.05

This summary was machine generated from LSEG data August 1 at 04:27 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
Jun. 30 2025
1.24
1.20
Missed
Mar. 31 2025
1.33
1.72
Beat
Dec. 31 2024
1.20
1.10
Missed
Sep. 30 2024
0.91
0.88
Missed