ARC Resources reports $584.3M in Q1 net income, up from $404.7M last year
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
CALGARY – ARC Resources Ltd. reported net income of $584.3 million during the first quarter, rising from $404.7 million during the same period last year.
The company says the increase was mainly due to a gain on risk management contracts of $149 million and an increase in commodity sales from production.
On a per-share basis, its earnings amounted to $1.03 compared with earnings of 69 cents per share during the prior-year quarter.
The Calgary-based company says its funds from operations reached $967.4 million during the three months ended March 31, rising year over year from $857 million.
ARC Resources says its first-quarter average production reached a record of 418,522 barrels of oil equivalent per day.
On Monday, Shell plc signed a deal to acquire ARC Resources in a stock-and-cash deal valued at $22 billion, including assumed debt.
This report by The Canadian Press was first published April 28, 2026.
Companies in this story: (TSX:ARX)