trending Market Intelligence /marketintelligence/en/news-insights/trending/rXkKcGN7FMpXYFbSxE_a0A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Enerplus posts Q2 net income increase as production grows

A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

S&P podcast - Coronavirus pandemic, oil price crash shake up energy sector

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper


Enerplus posts Q2 net income increase as production grows

Enerplus Corp. on Aug. 9 reported second-quarter net income of C$85.1 million, or 36 Canadian cents per share, for the second quarter, topping C$12.4 million, or 5 cents per share, a year ago.

Adjusted funds flow for the quarter totaled C$186.0 million, up from C$173.7 million a year earlier.

Cash flow from operating activities climbed to C$237.0 million for the quarter, from C$141.8 million in the prior-year period.

Production totaled 100,694 barrels of oil equivalent per day for the quarter, increasing from 92,883 boe/d in the prior-year period.

During the quarter, the oil and gas producer's exploration and development capital spending amounted to C$207.2 million, to drill 12.7 net wells and bring 26.3 net wells to production.

Enerplus repurchased 6.6 million shares during the quarter for C$70.6 million.

Enerplus revised its production target for the year to 99,000 boe/d to 102,000 boe/d, from 97,000 boe/d to 101,000 boe/d.

For the year, the Calgary, Alberta-based company also narrowed its capital spending guidance to C$610 million to C$630 million, from C$590 million to C$630 million.