Encana (ECA) Tops Q2 EPS by 2c

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Go back to Encana (ECA) Tops Q2 EPS by 2c

Encana Reports 2019 Second Quarter Financial and Operating Results

July 31, 2019 6:30 AM EDT

Company generates free cash flow and growing margins through cost management and strong production

Second quarter 2019 highlights:

Financial performance driven by strong liquids production and cost focus. Net earnings of $336 million, or $0.24/share, with non-GAAP operating earnings of $290 million, or $0.21/share. Cash from operating activities of $906 million with non-GAAP cash flow of $877 million, or $0.64/share. Non-GAAP free cash flow of $127 million.Increased forecast for annualized G&A and operating cost synergies to $175 million from original $125 million target. Record oil and... More