• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Husky Energy boosts dividend for second time following strong Q2 results

July 26, 20187:26 AM The Canadian Press0 Comments

CALGARY – Husky Energy Inc. has announced a second dividend increase for 2018, following a two-year period when the company suspended the quarterly payout to shareholders due to weak market conditions.

The Calgary-based company’s quarterly dividend will be increased to 12.5 cents per share payable Oct. 1, from the 7.5 cents per share it has paid since April when payments resumed for the first time since January 2016.

Chief executive Rob Peabody said the higher dividend recognizes Husky’s low net debt and its ability to generate strong free cash flow.

Free cash flow was $500 million for the second quarter, up from $128 million a year earlier, while net debt was $3.0 billion — down from $3.5 billion a year earlier and below the company’s target level.

Husky also reported a $448-million profit in the second quarter, rebounding from a year-earlier loss.

Net earnings improved to 44 cents per share, which compared with a loss of $93 million or 10 cents per share in last year’s second quarter.

Revenue was $5.98 billion for the quarter ended June 30, up from $4.35 billion a year earlier.

Companies in this story: (TSX:HSE)

Husky Energy

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Connacher Oil and Gas Limited provides update and announces pipeline project
  • TC Energy to cut 1,000 construction jobs, halt Keystone XL work
  • Majority female-owned land surveying firm marks significant ESG milestone
  • Baker Hughes says energy downturn to bottom out by first half of 2021
  • TransGlobe Energy Corporation announces an operations update

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.