Encana reports 2019 first quarter financial and operating results

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Encana (ECA) Tops Q1 EPS by 5c; Affirms Capital Outlook

April 30, 2019 6:39 AM EDT

Encana (NYSE: ECA) reported Q1 EPS of $0.14, $0.05 better than the analyst estimate of $0.09.

Following the successful close of the Newfield acquisition, Encana exceeds annualized general and administrative (G&A) synergies by $25 million; new annualized estimate increased to $150 millionAnadarko well costs reduced by $1 million since acquisition close in mid-February; Company has line of sight to significantly more... More