Encana (ECA) Tops Q3 EPS by 1c

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Go back to Encana (ECA) Tops Q3 EPS by 1c

Encana Reports 2019 Third Quarter Financial and Operating Results

October 31, 2019 6:30 AM EDT

Company continues to generate significant free cash flow through capital discipline and strong operational performance

Third quarter 2019 highlights:

Financial performance driven by strong liquids production and cost focus. Net earnings of $149 million, or $0.11/share, with non-GAAP operating earnings of $195 million, or $0.15/share. Cash from operating activities of $756 million with non-GAAP cash flow of $817 million. Non-GAAP free cash flow of $251 million.Raised 2019 production outlook while maintaining original capital guidance and reducing costs. Increased forecast for annualized G&A synergies to $200 million from... More