ARC Resources Ltd. reports first quarter 2013 results

About this update from Arc Resources Ltd.

[{"type":"text","content":"\n\n\n\n\n\nCALGARY, May 1, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. (\"ARC\") is pleased to report its first quarter 2013\n operating and financial results. First quarter production was 95,472\n boe per day and funds from operations were $202.4 million ($0.65 per\n share).  ARC's Condensed Interim Consolidated Financial Statements and Notes, as\n well as ARC's Management's Discussion and Analysis (\"MD&A\") for three\n months ended March 31, 2013 and 2012, are available on ARC's website at\n www.arcresources.com and on SEDAR at www.sedar.com. \n\n\n\n\n\n\n\n                                                               \n\n\nThree Months Ended\n  March 31\n\n\n\n\n   \n\n\n2013\n\n\n2012\n\n\n\n\nFINANCIAL    \n\n\n \n\n\n \n\n\n\n\n(Cdn$ millions, except per share and per boe amounts)  \n\n\n \n\n\n \n\n\n\n\nFunds from operations (1)  \n\n\n202.4\n\n\n180.7\n\n\n\n\n \n\n\nPer share (2)\n\n\n0.65\n\n\n0.62\n\n\n\n\nNet income  \n\n\n46.9\n\n\n40.9\n\n\n\n\n \n\n\nPer share (2)\n\n\n0.15\n\n\n0.14\n\n\n\n\nOperating income (3)  \n\n\n47.6\n\n\n46.9\n\n\n\n\n \n\n\nPer share (2)\n\n\n0.15\n\n\n0.16\n\n\n\n\nDividends  \n\n\n92.9\n\n\n87.0\n\n\n\n\n \n\n\nPer share (2)\n\n\n0.30\n\n\n0.30\n\n\n\n\nCapital expenditures  \n\n\n232.4\n\n\n186.9\n\n\n\n\nNet debt outstanding (4)  \n\n\n855.1\n\n\n991.5\n\n\n\n\nShares outstanding, weighted average diluted\n\n\n309.8\n\n\n289.5\n\n\n\n\nShares outstanding, end of period  \n\n\n310.2\n\n\n290.1\n\n\n\n\nOPERATING    \n\n\n \n\n\n \n\n\n\n\nProduction    \n\n\n \n\n\n \n\n\n\n\n \n\n\nCrude oil (bbl/d)\n\n\n32,505\n\n\n31,305\n\n\n\n\n \n\n\nCondensate (bbl/d)\n\n\n2,032\n\n\n2,399\n\n\n\n\n \n\n\nNatural gas (mmcf/d)\n\n\n348.6\n\n\n353.0\n\n\n\n\n \n\n\nNGLs (bbl/d)\n\n\n2,831\n\n\n2,432\n\n\n\n\n \n\n\nTotal (boe/d) (5)\n\n\n95,472\n\n\n94,970\n\n\n\n\nAverage prices    \n\n\n \n\n\n \n\n\...

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