ARC Resources (TSE:ARX) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$2.13b (up 101% from 3Q 2021).
Net income: CA$867.8m (up by CA$814.2m from 3Q 2021).
Profit margin: 41% (up from 5.1% in 3Q 2021). The increase in margin was driven by higher revenue.
EPS: CA$1.33 (up from CA$0.074 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ARC Resources Earnings Insights
Looking ahead, revenue is forecast to decline by 19% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to remain flat.
The company's shares are down 1.4% from a week ago.
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for ARC Resources that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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