Financials ARC Resources Ltd.

Equities

ARX

CA00208D4084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-06-12 EDT			5-day change	1st Jan Change
30.10 ^CAD	+1.07%		+3.47%	+15.46%

06-03	ARC Resources Announces Offering of $1 Billion Unsecured Notes	MT
06-03	Arc Resources Ltd. Announces Offering Of Senior Unsecured Notes	RE

Projected Income Statement: ARC Resources Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,167	4,573	6,781	4,566	4,099	6,239	6,334	6,447
Change	-	291.72%	48.3%	-32.67%	-10.23%	52.21%	1.53%	1.77%
EBITDA ¹	564.6	2,175	4,393	3,096	2,592	3,760	3,843	3,940
Change	-	285.28%	101.94%	-29.53%	-16.28%	45.09%	2.21%	2.53%
EBIT ¹	-709.3	1,112	2,978	1,690	706	2,021	2,108	2,233
Change	-	256.73%	167.9%	-43.26%	-58.22%	186.32%	4.27%	5.92%
Interest Paid ¹	-45.6	-126.1	-97.2	-105.5	-133.8	-110	-109	-109
Earnings before Tax (EBT) ¹	-754.9	-	-	2,057	1,455	1,799	1,908	2,053
Change	-	-	-	-	-29.28%	23.66%	6.07%	7.58%
Net income ¹	-547.2	786.6	2,302	1,596	1,124	1,406	1,513	1,674
Change	-	243.75%	192.69%	-30.66%	-29.59%	25.11%	7.58%	10.67%
Announcement Date	2/10/21	2/10/22	2/9/23	2/8/24	2/6/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	220.8	208.3	422	443.5	819.6	-	1,883	1,677	-	-	1,691	-	1,125	1,308	1,105	1,071	1,299	1,054	1,208	1,338	1,365	1,570	1,717	1,704	1,614	1,633	1,754	1,816
Change	-	-5.66%	102.59%	5.09%	84.8%	-	-	-10.92%	-	-	-	-	-	16.3%	-15.52%	-3.08%	21.28%	-18.82%	14.59%	10.77%	1.99%	15.01%	9.34%	-0.71%	-5.3%	1.15%	7.45%	3.52%
EBITDA ¹	-	57	288.3	367.3	126.9	458.5	1,223	1,071	1,337	1,437	1,368	956.4	613.6	757.6	782	679.6	497.9	581.3	818.4	932.5	762.9	857.9	1,000	944	903.5	923.5	1,017	1,040
Change	-	-	405.79%	27.4%	-65.45%	261.31%	166.65%	-12.41%	24.85%	7.51%	-4.8%	-30.11%	-35.84%	23.47%	3.22%	-13.09%	-26.74%	16.75%	40.79%	13.94%	-18.19%	12.46%	16.6%	-5.63%	-4.29%	2.22%	10.12%	2.25%
EBIT ¹	-	-	-	-	-	-	-	-	-	-	978.7	-	265.3	392.7	428.4	339.4	183.3	247.8	302.9	583.2	355.1	435.6	570.2	536.9	512	533.4	602.2	618.9
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	48.02%	9.09%	-20.77%	-45.99%	35.19%	22.24%	92.54%	-39.11%	22.66%	30.9%	-5.83%	-4.65%	4.17%	12.9%	2.78%
Charge d'intérêts	-12.2	-11	-9.9	-	-33.1	-	-	-	-	-	-25.5	-	-12.9	-13.8	-31.6	-31.2	-15.3	-16.7	-36.2	-28.7	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-88.9	-94.4	150	234.7	-198	-	887.8	-	-	-	-	-	358.4	297.7	658.9	240.7	306.3	429	479	527.6	393.2	461.9	583.1	492.4	465	486.4	555.2	572
Change	-	-6.19%	258.9%	56.47%	-184.36%	-	-	-	-	-	-	-	-	-16.94%	121.33%	-63.47%	27.25%	40.06%	11.66%	10.15%	-25.48%	17.49%	26.23%	-15.56%	-5.56%	4.59%	14.15%	3.02%
Net income ¹	-43.5	-66.1	120.8	178	-123	-	678	-	-	-	741	-	278.9	236.4	506	185.4	239.5	328.9	370.3	404.7	261.7	323.2	421	402.5	380.2	397.6	453.9	467.6
Change	-	-51.95%	282.75%	47.35%	-169.1%	-	-	-	-	-	-	-	-	-15.24%	114.04%	-63.36%	29.18%	37.33%	12.59%	9.29%	-35.34%	23.51%	30.27%	-4.38%	-5.56%	4.59%	14.15%	3.02%
Announcement Date	7/30/20	11/5/20	2/10/21	5/5/21	7/29/21	11/4/21	2/10/22	5/5/22	7/28/22	11/3/22	2/9/23	5/4/23	8/2/23	11/2/23	2/8/24	5/9/24	8/1/24	11/6/24	2/6/25	5/1/25	-	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: ARC Resources Ltd.

Fiscal Period: Dezember	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	751	1,829	1,302	1,317	1,336	2,654	2,322	2,247
Change	-	143.54%	-28.81%	1.15%	1.44%	98.71%	-12.51%	-3.23%
Announcement Date	2/10/21	2/10/22	2/9/23	2/8/24	2/6/25	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: ARC Resources Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	335.5	1,062	1,442	1,826	1,846	1,753	1,966	2,116
Change	-	216.48%	35.8%	26.64%	1.07%	-5.03%	12.16%	7.64%
Free Cash Flow (FCF) ¹	320.2	1,354	2,271	1,198	627	1,648	1,484	1,322
Change	-	322.74%	67.75%	-47.25%	-47.65%	162.87%	-9.99%	-10.86%
Announcement Date	2/10/21	2/10/22	2/9/23	2/8/24	2/6/25	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: ARC Resources Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	48.37%	47.57%	64.78%	67.8%	63.23%	60.27%	60.68%	61.12%
EBIT Margin (%)	-60.76%	24.31%	43.92%	37.01%	17.22%	32.4%	33.28%	34.63%
EBT Margin (%)	-64.67%	-	-	45.06%	35.5%	28.84%	30.13%	31.85%
Net margin (%)	-46.88%	17.2%	33.95%	34.97%	27.42%	22.54%	23.89%	25.97%
FCF margin (%)	27.43%	29.6%	33.48%	26.23%	15.3%	26.42%	23.42%	20.51%
FCF / Net Income (%)	-58.52%	172.08%	98.62%	75.02%	55.78%	117.2%	98.05%	78.98%
Profitability
ROA	-10.2%	-	-	-	-	-	-	-
ROE	-17.57%	-	36.21%	21.78%	14.62%	17.53%	19.27%	19.77%
Financial Health
Leverage (Debt/EBITDA)	1.33x	0.84x	0.3x	0.43x	0.52x	0.71x	0.6x	0.57x
Debt / Free cash flow	2.34x	1.35x	0.57x	1.1x	2.13x	1.61x	1.57x	1.7x
Capital Intensity
CAPEX / Current Assets (%)	28.74%	23.22%	21.26%	39.99%	45.02%	28.09%	31.04%	32.82%
CAPEX / EBITDA (%)	59.42%	48.81%	32.82%	58.99%	71.21%	46.61%	51.15%	53.7%
CAPEX / FCF (%)	104.78%	78.44%	63.5%	152.46%	294.34%	106.34%	132.51%	160.03%
Items per share
Cash flow per share ¹	1.889	3.494	5.6	4.323	4.15	5.922	6.302	6.235
Change	-	84.93%	60.29%	-22.81%	-3.99%	42.71%	6.42%	-1.07%
Dividend per Share ¹	0.3	0.286	0.49	0.66	0.7	0.7648	0.7955	0.844
Change	-	-4.67%	71.33%	34.69%	6.06%	9.25%	4.02%	6.1%
Book Value Per Share ¹	-	-	-	-	13.48	14.71	16.41	18.45
Change	-	-	-	-	-	9.14%	11.51%	12.46%
EPS ¹	-1.55	1.25	3.47	2.61	1.88	2.501	2.807	3.425
Change	-	180.65%	177.6%	-24.78%	-27.97%	33.05%	12.23%	21.98%
Nbr of stocks (in thousands)	353,376	698,660	625,814	600,775	592,192	584,672	584,672	584,672
Announcement Date	2/10/21	2/10/22	2/9/23	2/8/24	2/6/25	-	-	-