Arc Resources Reports Q4 Profit of $264.7 Million
CALGARY, Alberta (AP) - Arc Resources Ltd. (AETUF) today announced its fourth-quarter earnings, reporting a net income of $264.7 million, or $0.45 per share. The company's quarterly revenue reached $859.4 million.
Throughout the year, Arc Resources posted a profit of $820.5 million ($1.37 per share) with revenue of $2.98 billion. The company's stock has declined by approximately 5% since the start of 2023.
In Thursday's closing minutes, AETUF shares stood at $17.24, marking a 16% increase over the past twelve months.