CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Arc Resources Ltd. (AETUF) on Thursday reported first-quarter net income of $137.5 million.

The Calgary, Alberta-based company said it had net income of 23 cents per share.

The oil and natural gas company posted revenue of $969.4 million in the period.

Arc Resources shares have increased 27% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.93, an increase of 47% in the last 12 months.


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