Reuters logo
BRIEF-Encana reports qtrly ‍net earnings of $331 million
July 21, 2017 / 10:17 AM / 2 months ago

BRIEF-Encana reports qtrly ‍net earnings of $331 million

July 21 (Reuters) - Encana Corp

* Encana delivers strong second quarter results; company expands margins, exceeds type curves, grows premium well inventory and updates guidance

* Qtrly ‍net earnings of $331 million compared to a loss of $601 million in Q2 of 2016​

* Qtrly core asset production of 246,500 barrels of oil equivalent per day

* Expects - Core assets will deliver 25 to 30 percent production growth from Q4 of 2016 to Q4 of 2017

* Encana Corp - ‍delivered Q2 total production of 316,000 boe/d, including total liquids production of 124,900 bbls/d​

* Encana Corp - ‍“Encana is outperforming its initial 2017 corporate guidance​”

* By year-end 2017, expects net debt to adjusted EBITDA ratio will be about two times, will have total liquidity of over $5 billion Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below