- ARC Resources’ 1Q EPS missed estimates with EPS C$0.31 versus C$0.93 y/y, and an estimate of C$0.41.
- The firm reported an average production of 352,328 boe/d which is a 4.1% y/y increase. The estimate was slightly lower at 345,591.
- The 2024 capital budget and production guidance for the company remains unchanged.
- They expect the second quarter production to average between 325,000 and 330,000 boe per day.
- The average production is expected to increase to approximately 370,000 boe per day in the second half of 2024.
- Planned capital expenditures for the year are earmarked between $1.75 to $1.85 billion.
- Full-year production is forecasted to average between 350,000 and 360,000 boe per day. The production is expected to comprise of 63 per cent natural gas and 37 per cent crude oil and liquids.
- The 2025 outlook anticipates lower capital spending relative to 2024. Additionally, an approximately 10 per cent production growth is expected, mainly due to a full-year contribution from Attachie Phase I.
A look at Arc Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ARC Resources Ltd., an oil and gas exploration company based in western Canada, has received a variety of Smart Scores that indicate its potential for long-term performance. With a strong Growth score of 5, ARC Resources is poised for notable expansion in the coming years. Additionally, the company shows favorable Momentum with a score of 4, suggesting positive market sentiment and potential for future share price increases.
While ARC Resources demonstrates solid Growth and Momentum, its Resilience score of 2 indicates a lower level of stability and robustness compared to other factors. However, the balanced Value and Dividend scores of 3 each showcase the company’s commitment to providing value to investors. Overall, ARC Resources shows promise for long-term growth and positive momentum, supported by its strong Growth and Momentum scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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