ARC Resources Ltd.

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ARC Resources Ltd.
GICS: - · Sector: Oil & Gas · Sub-Sector: -
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ARC Resources Ltd.
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CA00208D4084
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Tue, 17.06.2025       ARC Resources
CA00208D4084

CALGARY, AB, June 17, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") announced today it has closed its offering of C$1.0 billion aggregate principal amount of senior unsecured notes (the "Offering"), consisting of C$550 million aggregate principal amount of 3.577% Senior Unsecured Notes, Series 3 due 2028 (the "Series 3 Notes") and C$450 million aggregate principal amount of 4.409% Senior Unsecured Notes, Series 4 due 2032 (the "Series 4 Notes", together with the Series 3 Notes, the "Notes"). DBRS Morningstar has assigned a rating of BBB with a Stable trend to the Notes.

Mon, 16.06.2025       ARC Resources
CA00208D4084

CALGARY, AB, June 16, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly eligible dividend amount of $0.19 per share for July 15, 2025 to shareholders of record on June 30, 2025. At June 16, 2025, the trailing 12-month payments to shareholders total $0.72 per share.

About ARC

ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX.

Tue, 03.06.2025       ARC Resources
CA00208D4084

CALGARY, AB, June 3, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") announced today an offering of C$1.0 billion aggregate principal amount of senior unsecured notes (the "Offering"), consisting of C$550 million aggregate principal amount of 3.577% Senior Unsecured Notes, Series 3 due 2028 (the "Series 3 Notes") and C$450 million aggregate principal amount of 4.409% Senior Unsecured Notes, Series 4 due 2032 (the "Series 4 Notes", together with the Series 3 Notes, the "Notes"). The closing of the Offering is expected to occur on or about June 17, 2025. DBRS Morningstar has assigned a provisional rating of BBB with a Stable trend to the Notes.

Thu, 15.05.2025       ARC Resources
CA00208D4084

CALGARY, AB, May 14, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today announced it signed a definitive agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the "Assets") from Strathcona Resources Ltd. in an all-cash transaction valued at approximately $1.6 billion(1) (the "Transaction"). The Transaction has an effective date of April 1, 2025 and is expected to close in early July 2025, subject to customary closing conditions.

The Assets, located directly adjacent to ARC's Kakwa development, will add approximately 40,000 boe per day of current production (approximately 50 per cent crude oil and liquids, 50 per cent natural gas), including approximately 11,000 barrels per day of condensate. The Assets are underpinned by a substantial drilling inventory, reinforcing ARC's position as Canada's largest Montney and condensate producer.

Fri, 02.05.2025       ARC Resources
CA00208D4084

CALGARY, AB, May 2, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Corporation") is pleased to announce that its shareholders approved all resolutions at its Annual and General Meeting of Shareholders (the "Meeting") held on May 2, 2025.

During the business proceedings of the Meeting, ARC's shareholders approved the following resolutions:

1.     Resolution to appoint 11 board members, with 93.64 per cent to 99.69 per cent of shares represented at the Meeting voting in favour of individual directors as follows:

Thu, 01.05.2025       ARC Resources
CA00208D4084

CALGARY, AB, May 1, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its first quarter 2025 financial and operational results.

HIGHLIGHTS

First Quarter Results

ARC delivered first quarter 2025 average production of 372,265 boe(1) per day (63 per cent natural gas and 37 per cent crude oil and liquids(2)), in line with the mid-point of first quarter production guidance of between 370,000 and 375,000 boe per day. Production increased six per cent compared to the first quarter of 2024, and seven per cent on a per share basis(3).Attachie production averaged 31,085 boe per day (including approximately 18,600 barrels per day of condensate and natural gas liquids), in line with first quarter guidance of between 30,000 to 35,000 boe per day.ARC generated funds from operations of $857 million(4) ($1.45 per share(4)) and recognized cash flow from operating activities of $1.0 billion ($1.72 per share). Free funds flow was $400 million(4) ($0.68 per share(4)) in the first quarter, while capital expenditures totalled $457 million(4). ARC recognized net income of $405 million or $0.69 per share.Market diversification contributed to a realized natural gas price of $4.19 per Mcf(4), 107 per cent greater than the average AECO 7A Monthly Index price of $2.02 per Mcf.In response to weak Western Canadian natural gas prices, ARC elected to curtail approximately 75 MMcf per day of natural gas production at Sunrise late in the first quarter. This effectively eliminated ARC's exposure to Station 2 where natural gas prices were especially weak, thereby preserving resource for periods when prices are higher. ARC will continue to adjust production levels at Sunrise if natural gas prices do not support ARC's return requirements.ARC distributed approximately 61 per cent of free funds flow, or $242 million ($0.41 per share), to shareholders during the first quarter. ARC intends to return essentially all free funds flow to shareholders in 2025, providing a considerable opportunity to repurchase its shares over the remainder of the year.ARC declared dividends of $111 million ($0.19 per share(4)) and repurchased five million common shares for $131 million under its normal course issuer bid ("NCIB").In March, ARC announced a long-term sale and purchase agreement with ExxonMobil LNG Asia Pacific ("EMLAP"), an ExxonMobil affiliate, for the supply of liquefied natural gas ("LNG"). Under the agreement, EMLAP will purchase all of ARC's LNG offtake from the Cedar LNG Project, approximately 1.5 million tonnes per annum at international pricing. The agreement commences with commercial operations at the Cedar LNG Facility, expected in late 2028.ARC reduced its long-term debt by $315 million to $1.1 billion in the first quarter. As of March 31, 2025, net debt was $1.3 billion(4) or 0.5 times funds from operations(4).Company guidance for 2025 is unchanged. ARC plans to invest between $1.6 and $1.7 billion and generate annual average production of between 380,000 and 395,000 boe per day (61 per cent natural gas and 39 per cent crude oil and liquids). Production growth over the remainder of 2025 is expected to be driven primarily by condensate-rich volumes at Attachie and Kakwa.
Mon, 17.03.2025       ARC Resources
CA00208D4084

CALGARY, AB, March 17, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly eligible dividend amount of $0.19 per share for April 15, 2025 to shareholders of record on March 31, 2025. At March 17, 2025, the trailing 12-month payments to shareholders total $0.70 per share.

About ARC

ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX.

Tue, 11.03.2025       ARC Resources
CA00208D4084

CALGARY, AB, March 11, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company"), announced today it has entered into a long-term sale and purchase agreement ("SPA" or "the Agreement") with ExxonMobil LNG Asia Pacific ("EMLAP"), an ExxonMobil affiliate, for the supply of liquefied natural gas ("LNG").

Under the Agreement, EMLAP will purchase all of ARC's LNG offtake from the Cedar LNG Project – approximately 1.5 million tonnes per annum ("MTPA") – at international LNG pricing. The Agreement commences with commercial operations at the Cedar LNG Facility, expected late 2028, and continues for the term of ARC's liquefaction tolling services agreement with Cedar LNG Partners LP ("Cedar LNG").

Thu, 06.02.2025       ARC Resources
CA00208D4084

CALGARY, AB, Feb. 6, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its fourth quarter and year-end 2024 financial and operational results as well as its year-end 2024 reserves.

HIGHLIGHTS

Fourth Quarter 2024 Results

ARC delivered record quarterly production of 382,341 boe(1) per day (62 per cent natural gas and 38 per cent crude oil and liquids(2)), in line with fourth quarter guidance of between 380,000 and 385,000 boe per day. Production increased five per cent compared to the fourth quarter of 2023, and seven per cent on a per share basis(3).Condensate and light oil production during the fourth quarter averaged approximately 103,000 barrels per day, the highest in ARC's 29-year history, and a 20 per cent increase year-over-year. This growth was driven primarily by initial production from Attachie Phase I and strong well productivity at Kakwa.Attachie production continued to increase in December, averaging approximately 29,000 boe per day, and included approximately 18,000 barrels per day of condensate and natural gas liquids.Kakwa production during the fourth quarter averaged approximately 195,000 boe per day, including approximately 105,000 barrels per day of condensate and natural gas liquids.The deliberate natural gas production curtailments at Sunrise during the third and fourth quarters of 2024 reduced full-year average production by approximately 10,500 boe per day. In alignment with ARC's commitment to long-term profitability, Sunrise production was restored in the fourth quarter as natural gas prices recovered. This curtailment preserved resource for periods when prices are higher and allowed ARC to defer a portion of the capital originally planned for 2025.ARC realized funds from operations of $770 million(4) ($1.30 per share)(5) and cash flow from operating activities of $651 million ($1.10 per share) during the fourth quarter. ARC generated free funds flow of $420 million(6) ($0.71 per share(7)) and recognized net income of $370 million ($0.63 per share).ARC realized a natural gas price of $2.58 per Mcf(5), 77 per cent greater than the average AECO 7A Monthly Index price of $1.46 per Mcf.ARC reported capital expenditures of $350 million(6) in the fourth quarter, which contributed to total capital expenditures of $1.85 billion in 2024, within Company guidance.During the quarter, ARC declared dividends of $112 million or $0.19 per share, and repurchased 2.2 million common shares for $52 million under its normal course issuer bid ("NCIB"). Net debt decreased by $225 million compared to the third quarter of 2024. As of December 31, 2024, net debt was 1.3 billion(4) or 0.5 times funds from operations(4).
Mon, 16.12.2024       ARC Resources
CA00208D4084

CALGARY, AB, Dec. 16, 2024 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly eligible dividend amount of $0.19 per share for January 15, 2025 to shareholders of record on December 31, 2024. At December 16, 2024, the trailing 12-month payments to shareholders total $0.68 per share.

About ARC

ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX.

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