Enerplus Corporation (USA) (TSE:ERF) has released an update.
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Enerplus Corporation reported a decline in first-quarter 2024 earnings with cash flow from operations at $128.7 million and adjusted funds flow at $173.1 million, a significant decrease from the previous year due to lower natural gas production and weaker commodity prices. Despite a drop in total production to 87,151 BOE per day, the company remains optimistic about its operational performance and expects a 15% increase in liquid production in the next quarter. Enerplus also highlighted its anticipated merger with Chord Energy Corporation, aimed at enhancing shareholder value through combined assets and expertise.
For further insights into TSE:ERF stock, check out TipRanks’ Stock Analysis page.
