ARC Resources Ltd (ARX) 銘柄情報

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7.846 https://www.arcresources.com/about-arc

Arc Resources (OTCPK:AETUF): Q3 EPS of C$0.46

Revenue of C$279.2M (+5.1% Y/Y)

Corporate & Shareholder Information
TRANSFER AGENT
Computershare Trust Company of Canada
600, 530 – 8th Avenue S.W.
Calgary, Alberta T2P 3S8
T: (403) 267-6800
AUDITORS
Deloitte LLP
Calgary, Alberta
ENGINEERING CONSULTANTS
GLJ Petroleum Consultants Ltd.
Calgary, Alberta
LEGAL COUNSEL
Burnet Duckworth & Palmer LLP
Calgary, Alberta
CORPORATE CALENDAR 2013
February 5, 2014 - 2013 Q4 Results
April 30, 2014 - 2014 Q1 Results
STOCK EXCHANGE LISTING
The Toronto Stock Exchange Trading Symbol: ARX
INVESTOR INFORMATION
Visit our website at www.arcresources.com
or contact:
Investor Relations
T: (403) 503-8600 or
Toll Free: 1-888-272-4900
PRIVACY OFFICER
Terry Gill
privacy@arcresources.com
T: (403) 509-7260
ARC is recognized on the Carbon Disclosure Project Leadership Index as being one of Canada’s Climate Change Disclosure Leaders.
ARC is listed on the Jantzi Social Index; a common stock index of 60 Canadian companies that pass a set of broadly based environmental, social and governance rating criteria.
ARC is a CAPP member. Members commit to continuous improvement in the responsible management, development and use of our natural resources; protection of our environment; and the health and safety of our workers and the general public.
DIRECTORS
Mac H. Van Wielingen (3) (4) (6)
Chairman
Myron M. Stadnyk
President and Chief Executive Officer
John P. Dielwart (5) (6)
Fred J. Dyment (1) (2) (6)
Timothy J. Hearn (3) (4) (5)
James C. Houck (1) (2) (5)
Hal Kvisle (4) (6)
Kathleen O’Neill (1) (3) (5)
Herb Pinder (2) (3) (4)
William G. Sembo (1) (5)
(1) Member of Audit Committee
(2) Member of Reserve Committee
(3) Member of Human Resources and Compensation Committee
(4) Member of Policy and Board Governance Committee
(5) Member of Health, Safety and Environment Committee
(6) Member of Risk Committee
Myron M. Stadnyk
President and Chief Executive Officer
Cameron S. Kramer
Senior Vice-President and Chief Operating Officer
Steven W. Sinclair
Senior Vice-President and Chief Financial Officer
Terry Anderson
Senior Vice-President, Engineering and Land
David P. Carey
Senior Vice-President, Capital Markets
P. Van R. Dafoe
Senior Vice-President, Finance
Terry Gill
Senior Vice-President, Corporate Services
Jay Billesberger
Vice-President, Information Technology
Sean Calder
Vice-President, Production
Neil Groeneveld
Vice-President, Geosciences and Exploration
Wayne Lentz
Vice-President, Strategy and Business Development
Karen Nielsen
Vice President, Operations
Allan R. Twa
Corporate Secretary
ARC Resources Ltd.
1200, 308 – 4th Avenue S.W.
Calgary, Alberta T2P 0H7
T: (403) 503-8600
Toll Free: 1-888-272-4900
F: (403) 503-8609
W: www.arcresources.com
E: ir@arcresources.com
OFFICERS
CALGARY OFFICE

ARC’s year-to-date production for 2013 is within the guidance range and reflects strong operating performance in many key areas.

While second quarter production volumes showed a moderate decrease from the first quarter due to the delay of the tie-in of new wells and wet spring weather, third quarter volumes increased as many areas returned to full production and new wells came on-stream, more than offsetting approximately 1,700 boe per day of production that was sold in August. Fourth quarter volumes are expected to continue to increase relative to the third quarter from new production associated with ARC's 2013 capital development program. ARC has amended its 2013 production guidance to increase the low end of the guidance range to 94,000 boe per day.

Operating expenses were just above the guidance range in the first nine months of 2013, due mainly to higher than budgeted electricity rates as well as additional maintenance activity throughout the second and third quarters. Transportation expense has also exceeded guidance year-to-date as ARC has incurred additional trucking and pipeline charges throughout the year. G&A expenses exceeded guidance for the first nine months of 2013 as the rise in ARC's share price resulted in increased costs under ARC's long-term incentive plans. G&A expenses before any impact of ARC's long-term incentive plans fell below the guidance range. Depending on ARC's share price during the fourth quarter of 2013, G&A associated with ARC's long-term incentive plans may continue to exceed the current guidance range.During the first nine months of 2013, ARC recorded current taxes of $22.7 million. This amount is less than what was initially anticipated, due in part to the recognition of certain investment tax credits in filing its 2012 income tax return and to be recognized in its 2013 income tax return.
Offsetting these reductions, in 2013, ARC has changed the year-end of its wholly-owned partnership to align with its corporate year-end and as a result will be recognizing income tax in 2013 for partnership income that had previously been deferred to the next year. 2013 current income tax is expected to range between $25 and $35 million.
ARC incurred $663 million of capital expenditures, including land purchases, during the first nine months of 2013, following its strategy of selecting and executing projects that provide the greatest expected return on investment. ARC plans to execute an $860 million capital program in 2013, focused primarily on oil and liquids-rich gas development and infrastructure spending to facilitate future growth.

ARC's original guidance for its 2013 capital spending was $830 million but this has been increased as a result of the acceleration of certain capital projects originally planned for 2014.The 2013 guidance provides shareholders with information on management’s expectations for results of operations. Readers are cautioned that the 2013 guidance may not be appropriate for other purposes.

Total Return to Shareholders
ARC's business plan has resulted in significant operational success and has contributed to a trailing five year annualized total return per share of 8.7 per cent.

(1) Daily production per share represents average daily production for the nine months ended September 30, 2013 and annual daily average production divided by the diluted weighted average common shares for the nine months ended September 30, 2013 and for the full years ending December 31, 2012, 2011, 2010 and 2009.

(2) As determined by ARC’s independent reserve evaluator solely at December 31 in millions of barrels of oil equivalent ("mmboe").

(3) ARC has also disclosed contingent resources associated with interests in certain of its properties located in northeastern British Columbia in ARC’s Annual Information Form as filed on SEDAR at www.sedar.com.

(4) Company gross reserves. For more information, see ARC’s Annual Information Form as filed on SEDAR at www.sedar.com and the news release entitled “ARC Resources Ltd. Announces Fifth Consecutive Year of Greater than 200 per cent Produced Reserves Replacement in 2012” dated February 6, 2013.

ABOUT ARC RESOURCES LTD.

ARC is a dividend-paying Canadian oil and gas company with near-term and long-term oil, natural gas, condensate and natural gas liquids ("NGLs") growth prospects headquartered in Calgary, Alberta.

ARC’s activities relate to the exploration, development and production of conventional oil and natural gas in Canada with an emphasis on the acquisition and development of properties with a large volume of hydrocarbons in place commonly referred to as “resource plays.”ARC’s vision is to be a leading energy producer, focused on delivery of results through its strategy of risk-managed value creation. ARC is committed to providing superior long-term financial returns for its shareholders, creating a culture where respect for the individual is paramount and action and passion is rewarded, and to running its business in a manner that protects the safety of employees, communities and the environment. ARC’s vision is realized through the four pillars of its strategy:

1. High quality, long-life assets – ARC’s unique suite of assets include both growth and base assets. ARC’s growth assets consist of world-class resource play properties, primarily concentrated in the Montney geological formation in northeast British Columbia and northern Alberta, and the Cardium formation in the Pembina area of Alberta. These assets provide substantial growth opportunities, which ARC will pursue with a clear line of sight towards long-term profitable development. ARC’s base assets consist of core properties located throughout Alberta, Saskatchewan and Manitoba. The base assets deliver stable production and contribute significant cash flow to fund future growth.

2. Operational excellence – ARC is focused on capital discipline and cost management to extract the maximum return on its investments while operating in a safe and environmentally responsible manner. Production from individual oil and natural gas wells naturally declines over time. In any one year, ARC approves a budget to drill new wells with the intent to first replace production declines and second to potentially increase production volumes. At times, ARC may also acquire strategic producing or undeveloped properties to enhance current production and reserves or to provide potential future drilling locations. Alternatively, it may strategically dispose of non-core assets that no longer meet its investment criteria.

3. Financial flexibility – ARC provides returns to shareholders through a combination of a monthly dividend, currently $0.10 per share per month, and a potential for capital appreciation. ARC’s goal is to fund capital expenditures necessary to replace production declines and dividend payments using funds from operations (1). ARC will finance growth activities through a combination of sources including funds from operations, proceeds from ARC’s Dividend Reinvestment Program (“DRIP”), reduced funding required under the Stock Dividend Program, proceeds from property dispositions, debt capacity, and if necessary, equity issuance. ARC chooses to maintain prudent debt levels, targeting its net debt to be one to 1.5 times annualized funds from operations and less than 20 per cent of total capitalization over the long-term (1).

4. Top talent and strong leadership culture – ARC is committed to the attraction, retention and development of the best and brightest people within its organization. ARC’s employees conduct business every day in a culture of trust, respect, integrity and accountability. Building leadership talent at all levels of the organization is a key focus. ARC is also committed to corporate leadership through community investment, environmental reporting practices and open communication with all stakeholders. As of the end of September 2013, ARC had approximately 556 employees with 332 professional, technical and support staff in the Calgary office, and 224 individuals located across ARC’s operating areas in western Canada.