CALGARY - ARC Resources Ltd. reported net income of $584.3 million during the first quarter, rising from $404.7 million during the same period last year.
The company says the increase was mainly due to a gain on risk management contracts of $149 million and an increase in commodity sales from production.
On a per-share basis, its earnings amounted to $1.03 compared with earnings of 69 cents per share during the prior-year quarter.
The Calgary-based company says its funds from operations reached $967.4 million during the three months ended March 31, rising year over year from $857 million.
ARC Resources says its first-quarter average production reached a record of 418,522 barrels of oil equivalent per day.
On Monday, Shell plc signed a deal to acquire ARC Resources in a stock-and-cash deal valued at $22 billion, including assumed debt.
This report by The Canadian Press was first published April 28, 2026.
Companies in this story: (TSX:ARX)
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