ARC Resources (TSE:ARX) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.30b (up 7.7% from 2Q 2023).

• Net income: CA$239.5m (down 14% from 2Q 2023).

• Profit margin: 18% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: CA$0.40 (down from CA$0.46 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ARC Resources EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for ARC Resources you should be aware of.

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