ARC Resources reported its Q4 late last week. Access the company’s press release here.
4 charts stood out in particular as we looked over the quarterly results.
This was a record quarter for production for ARC, with total production of 382,341 BOE/d in Q4 (Figure 1).
Jump to ARC Resources’ corporate production and financial data page on BOE Intel here.
Figure 1
ARC Resources also achieved record quarterly production of condensate in Q4. Condensate production in the quarter was 96,388 bbl/d. (Figure 2)
Figure 2
The company’s share buyback program continues to effectively lower the total number of shares outstanding. Since peaking in Q2 2021 after the Seven Generations acquisition, the total number of shares outstanding has fallen by 18.5%. (Figure 3)
Another interesting way of thinking about this is that the company has been able to retire ~36% of the shares issued as part of the Seven Generations acquisition.
Figure 3
The company’s cost structure has shown remarkable stability over the last number of years despite bouts of inflation seen in the energy sector over that period. Combining all of the costs shown below in Figure 4, the company’s cost structure in Q4 2024 was the lowest since Q3 2021.
Figure 4
Interested in learning more about BOE Intel and how you can get access? Contact us here.