ARC Resources (TSE:ARX) has released an update.
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ARC Resources Ltd. has reported stable second quarter 2024 results with production at the high end of its guidance range, despite a year-over-year decrease due to planned activities. The company managed to navigate weak natural gas prices by strategically curtailing production, maintaining its annual production forecast, and is on track with the Attachie development, which is anticipated to boost output significantly in the upcoming year. Additionally, ARC has demonstrated its commitment to shareholder returns by distributing $118 million in the second quarter through dividends and share repurchases.
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