Q2 Results: 5 quick facts

  1. Expect to generate free cash flowŦ in 2018
    • 2018F cash flow marginŦ now expected to be ~$16/BOE, up from  ~$14/BOE
    • Q2 cash flowŦ up 47% from Q1
  2. On track to deliver >30% annual production growth*
    • Core assets on track to deliver 400-425 MBOE/d in Q4 2018
  3. Strong operations performance across the portfolio
    • Montney liquids growth of ~18% over Q1, currently >45 Mbbls/d. On track to average 55-65 Mbbls/d in Q4
    • Permian currently at record production of >90 MBOE/d, strong well results across the play
    • Eagle Ford returned to growth in Q2
    • Duvernay demonstrating strong initial well results
    • Capital spending on track, operating costs excluding LTI down from Q1
  4. First mover approach to market access maximizes cash flows and de-risks plan
    • Strong price realizations on Midland and AECO volumes
  5. Setting up for a strong finish to the year

Ŧ Non-GAAP measures defined in advisories. For additional information regarding non-GAAP measures see the Company’s website
*Adjusted for 2017 dispositions

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As of 2019-10-21T16:00:00. Minimum 15 minute delay