• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • 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 BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Discount on Western Canada Select widens
  • European Commission proposes Russian oil price cap 15% below global price
  • US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
  • Taiwan’s CPC Corp eyes US shale gas assets, sources say
  • Saudi Arabia complying fully with voluntary OPEC+ target, energy ministry says

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.