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Friday, November 8, 2019

Enerplus Reports 3Q19 Earnings

Link here. Data points:
  • financial:
    • free cash flow: $160 million; adjusted, $175 million
    • net income: 28 cents/share; adjusted, 27 cents
    • from the CEO:
We grew our high-return production in North Dakota by 18% quarter-over-quarter, maintained our focus on costs, and returned over $70 million to shareholders through share repurchases and dividends. Year to date, we have now returned approximately $200 million to shareholders. Our 2019 plan remains on track to deliver 9 to 10% annual liquids production growth and 15% on a per share basis, while maintaining our low financial leverage."
  • production:
    • for quarter ending September 30, 2019
    • total crude oil production across all plays: 55,000 bopd 
    • crude oil production from the Bakken: 45,700 bopd
Presentations: link here.The 2Q19 transcript is available; the 3Q19 transcript is not yet available.

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