Encana (ECA) Tops Q4 EPS by 15c
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February 28, 2019 6:02 AM EST
Plan to deliver unique combination of free cash flow, return of cash to shareholders and high-margin liquids growth
2019 full-year proforma capital investment plan set at $2.7 to $2.9 billion, with more than 75 percent allocated to its Core 3 liquids plays - Permian, Anadarko and MontneyCompany proceeding with plan to return cash to shareholders through $1.25 billion share buyback and recent dividend increase of 25 percentExpect to deliver non-GAAP free cash flow in a low-to-mid $50 per barrel WTI oil price environmentProforma liquids production growth from Core 3 expected to be approximately 15 percent over proforma 2018Liquids expected to comprise...
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February 28, 2019 6:01 AM EST
Fourth quarter and full-year 2018 highlights:
Fourth quarter total production of 403,400 barrels of oil equivalent per day (BOE/d)Fourth quarter liquids production grew more than 25 percent year-over-year, to 192,700 barrels per day (bbls/d)Full-year total production of 361,200 BOE/dFull-year liquids production up 30 percent year-over-year to 168,100 bbls/dGenerated full-year cash from operating activities of $2.3 billion; non-GAAP cash flow margin of $16.05 per barrels of oil equivalent (BOE); non-GAAP free cash flow for the year of $140...
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