ARC Resources Ltd. (ARX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the ARC Resources first quarter 2025 earnings conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Friday, May 2, 2025. I would now like to turn the conference over to Dale Lucco, Manager, Capital Markets. Please go ahead. Thank you, Operator. Good morning, everyone, and thank you for joining us on our first quarter earnings conference call. Joining me today are Terry Anderson, President and Chief Executive Officer, Chris Bibby, Chief Financial Officer, Armin Jahangiri, Chief Operating Officer, and Ryan Barrett, Senior Vice President, Marketing. Before I turn it over to Terry and Chris to take you through our first quarter results, I'll remind everyone that this conference call includes forward-looking statements and non-GAAP and other financial measures with the associated risks outlined in the earnings release and our MD&A. All dollar amounts discussed today are in Canadian dollars unless otherwise stated. Finally, the press release, financial statements, and MD&A are available on our website as well as CDAR. Following our prepared remarks, we'll open the line to questions. With that, I'll turn it over to our President and CEO, Terry Anderson. Terry, please go ahead. Thanks, Dale, and good morning, everyone. I'm pleased to discuss AHRQ's first quarter results and provide an update on our outlook for 2025 and beyond. First quarter production averaged 372,000 BOE per day, which was in line with our Q1 guidance of 370,000 to 375,000 BOE per day. Production included approximately 95,000 barrels pe...