Business
ARC Resources Ltd. reports second quarter 2013 results
CALGARY , Aug. 1, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to repo...
About this update from Arc Resources Ltd.
[{"type":"text","content":"\n\n\n\nCALGARY, Aug. 1, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. (\"ARC\") is pleased to report its second quarter 2013\n operating and financial results.  Second quarter production was 93,436\n boe per day and funds from operations were $201.2 million ($0.65 per\n share).  ARC's Condensed Interim Consolidated Financial Statements and Notes, as\n well as ARC's Management's Discussion and Analysis (\"MD&A\") for three\n and six months ended June 30, 2013 and 2012, are available on ARC's\n website at www.arcresources.com and on SEDAR at www.sedar.com. \n\n\n\n\n\n\n\n \n\n\nThree Months Ended June 30\n\n\n \n\n\n \n\n\nSix Months Ended June 30\n\n\n \n\n\n\n\n \n\n\n2013\n\n\n2012\n\n\n \n\n\n2013\n\n\n2012\n\n\n\n\nFINANCIAL\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n(Cdn$ millions, except per share and boe amounts)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nFunds from operations (1)\n\n\n201.2\n\n\n \n\n\n165.8\n\n\n \n\n\n \n\n\n403.6\n\n\n \n\n\n346.5\n\n\n \n\n\n\n\n \n\n\nPer share (2)\n\n\n0.65\n\n\n \n\n\n0.57\n\n\n \n\n\n \n\n\n1.30\n\n\n \n\n\n1.19\n\n\n \n\n\n\n\nNet income\n\n\n93.3\n\n\n \n\n\n38.1\n\n\n \n\n\n \n\n\n140.2\n\n\n \n\n\n79.0\n\n\n \n\n\n\n\n \n\n\nPer share (2)\n\n\n0.30\n\n\n \n\n\n0.13\n\n\n \n\n\n \n\n\n0.45\n\n\n \n\n\n0.27\n\n\n \n\n\n\n\nOperating income (3)\n\n\n53.9\n\n\n \n\n\n30.5\n\n\n \n\n\n \n\n\n101.6\n\n\n \n\n\n77.4\n\n\n \n\n\n\n\n \n\n\nPer share (2)\n\n\n0.17\n\n\n \n\n\n0.10\n\n\n \n\n\n \n\n\n0.33\n\n\n \n\n\n0.27\n\n\n \n\n\n\n\nDividends\n\n\n93.4\n\n\n \n\n\n87.3\n\n\n \n\n\n \n\n\n186.3\n\n\n \n\n\n174.3\n\n\n \n\n\n\n\n \n\n\nPer share (2)\n\n\n0.30\n\n\n \n\n\n0.30\n\n\n \n\n\n \n\n\n0.60\n\n\n \n\n\n0.60\n\n\n \n\n\n\n\nCapital expenditures\n\n\n171.4\n\n\n \n\n\n97.9\n\n\n \n\n\n \n\n\n403.8\n\n\n \n\n\n284.8\n\n\n \n\n\n\n\nNet debt outstanding (4)\n\n\n883.7\n\n\n \n\n\n996.0\n\n\n \n\n\n \n\n\n883.7\n\n\n \n\n\n996.0\n\n\n \n\n\n\n\nShares outstanding, weighted average diluted\n\n\n311.2\n\n\n \n\n\n290....