Brief: Enerplus Announces First Quarter 2021 Results Increases And Transitions To A Quarterly Dividend

Enerplus

06/05/2021 22:03

May 6 (Reuters) - Enerplus Corp  ERF.TO :
    * ENERPLUS ANNOUNCES FIRST QUARTER 2021 RESULTS; INCREASES
AND
TRANSITIONS TO A QUARTERLY DIVIDEND
    * Q1 ADJUSTED EARNINGS PER SHARE C$0.23
    * Q1 EARNINGS PER SHARE C$0.06
    * EXPECT TO DELIVER A 20% TOTAL WELL COST REDUCTION IN NORTH
DAKOTA IN 2021 COMPARED TO 2019
    * NEW QUARTERLY DIVIDEND OF $0.033 PER SHARE, A 10% INCREASE
FROM
CURRENT MONTHLY DIVIDEND OF $0.01 PER SHARE
    * PRODUCTION IN Q1 OF 2021 WAS 91,671 BOE PER DAY, A
DECREASE OF
7%
    * SEES 2021 CAPITAL SPENDING $360 TO $400 MILLION
    * SEES 2021 AVERAGE ANNUAL PRODUCTION 111,000 TO 115,000
BOE/DAY
    * QTRLY REVENUE ABOUT $219 MILLION VERSUS $359.5 MILLION

Source text for Eikon:  ID:nCNWXJSKZa 
Further company coverage:  ERF.TO 

 ((Reuters.Briefs@thomsonreuters.com;))