ARC Resources Ltd reports results for the quarter ended June 30 - Earnings Summary
ARC Resources Ltd reports results for the quarter ended June 30 - Earnings Summary
ARC Resources Ltd ARX.TO reported quarterly adjusted earnings of 62 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 68 cents. The mean expectation of eight analysts for the quarter was for earnings of 71 cents per share. Wall Street expected results to range from 54 cents to 82 cents per share.
Revenue rose 38.9% to C$2.17 billion from a year ago; analysts expected C$1.76 billion.
ARC Resources Ltd's reported EPS for the quarter was 62 cents.
The company reported quarterly net income of C$352.7 million.
ARC Resources Ltd shares had risen by 10.7% this quarter and gained 28.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 2.9% 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 "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is "buy."
Wall Street's median 12-month price target for ARC Resources Ltd is C$32.40, about 1.8% below its last closing price of C$32.98
This summary was machine generated from LSEG data July 31 at 09:17 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 2026 | 1.51 | 1.54 | Beat |
Mar. 31 2026 | 1.52 | 1.85 | Beat |
Dec. 31 2025 | 1.34 | 1.16 | Missed |
Sep. 30 2025 | 1.32 | 1.23 | Missed |
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