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ARC Resources ( (TSE:ARX) ) has issued an announcement.
ARC Resources Ltd. reported record production in the fourth quarter of 2024, with significant increases in both condensate and light oil production, driven by successful operations at Attachie Phase I and Kakwa. The company strategically managed natural gas production curtailments to optimize profitability, and as a result, ARC realized strong financial performance, including high funds from operations and reduced net debt by the year’s end.
More about ARC Resources
ARC Resources Ltd. is a Canadian energy company primarily engaged in the production of natural gas, crude oil, and liquids. It focuses on enhancing value through strategic asset development and operational efficiency within the energy sector.
YTD Price Performance: -6.42%
Average Trading Volume: 53,091
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.3B
See more data about ARX stock on TipRanks’ Stock Analysis page.
