9.6 C
Fort St. John
Saturday, October 20, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement
Advertisement

Encana Corp. reports fourth quarter loss, revenue up from year ago

CALGARY, A.B. –  Encana Corp. reported a loss of US$229 million in its most recent quarter, hit by a one-time non-cash deferred charge related to the corporate tax cuts in the U.S. late last year.

The energy company, which keeps its books in U.S. dollars, says the loss amounted to 24 cents per share, compared with a loss of $281 million or 29 cents per share a year earlier.

Revenue for the quarter totalled $1.21 billion, up from $822 million.

Total production in the quarter averaged 335,200 barrel of oil equivalents per day, up from 321,500 in the same quarter last year.

For the full year, Encana earned $827 million or 85 cents per share on $4.44 billion in revenue. That compared with a loss of $944 million or $1.07 per share on $2.92 billion in revenue in 2016.

Production for the year averaged 313,200 barrel of oil equivalents, down from 352,700 in 2016.

STORIES YOU MIGHT LIKE

Advertisement

Advertisement
Advertisement

Advertisement

Local Events

Doc Walker to play the Lido Theatre

HYPNOTIST: RAY ANDERSON

Jokes N Tokes Comedy Tour

Advertisement

Advertisement

Must Read

Enbridge targets mid November to complete B.C. gas pipeline repair after...

VICTORIA, B.C. - The company that owns the natural gas pipeline that ruptured and burned earlier this month in central British Columbia says repairs...
Advertisement