Overview
ARC is a dividend-paying Canadian energy company headquartered in Calgary, Alberta. ARC's activities focus on the exploration, development, and production of unconventional crude oil, condensate, natural gas, and NGLs in western Canada with an emphasis on the development of properties with a large volume of hydrocarbons in-place. ARC's concentrated Montney asset base, located in premier positions within the Montney fairway, which includes a network
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Read More of owned-and-operated infrastructure, allows ARC to deliver strong capital and operating efficiencies. ARC was founded in 1996 with the vision of being a premier conventional oil and gas company.
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Read More of owned-and-operated infrastructure, allows ARC to deliver strong capital and operating efficiencies. ARC was founded in 1996 with the vision of being a premier conventional oil and gas company.
Read Less
Terry M. Anderson
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Support Activities for Mining
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Oil and Gas Extraction
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Mining, Quarrying, and Oil and Gas Extraction
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Drilling oil and gas wells
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Natural gas production
See All Industries , Oil and gas exploration services , Natural gas liquids production Crude petroleum production
See Fewer Industries
See All Industries , Oil and gas exploration services , Natural gas liquids production Crude petroleum production
See Fewer Industries
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Actual
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Actual
$4.09 billion
Actual
-11.6%
-29.59%
$13,099
DEC
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Toronto:ARX
Contacts
Get in Touch with 16 Principals* and 256 Contacts
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Terry M. AndersonPresident and Member of the Board of Directors
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$4.09 billion
USD
Actual
1 USD = 1.3736 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,710 | $1,743 | $2,791 |
| Net Investing Cash | -$1,388 | -$1,231 | -$1,029 |
| Net Financing Cash | -$323 | -$553 | -$1,720 |
| Net Change in Cash | -$1 | -$41 | $42 |
| Cash at Beginning of Period | $1 | $42 | $ |
| Cash at End of Period | $ | $1 | $42 |
| Capital Expenditure | -$1,334 | -$1,338 | -$1,040 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $ | $1 | $42 |
| Accounts Receivable | $503 | $424 | $628 |
| Inventories | $9 | $21 | $5 |
| Other Current Assets | $217 | $204 | $43 |
| Asset Summary | |||
| Total Current Assets | $729 | $650 | $718 |
| Tangible Fixed Assets | $8,495 | $8,125 | $7,543 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $13,100 | $12,383 | $11,624 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $462 | $548 | $867 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $179 | $166 | $382 |
| Liability Summary | |||
| Total Current Liabilities | $641 | $715 | $1,249 |
| Long-Term Debt | $1,010 | $836 | $721 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $3,750 | $3,607 | $3,618 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $4,509 | $4,563 | $4,730 |
| Retained Earnings | $1,258 | $831 | $101 |
| Equity Summary | |||
| Total Equity | $5,786 | $5,407 | $4,844 |
| Shares Outstanding | 589,626,000 | 596,853,000 | 620,888,000 |