Enerplus Corporation

Equities

ERF

CA2927661025

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 21:00:00 24/05/2024 BST			5-day change	1st Jan Change
27.56 ^CAD	+0.88%		+1.32%	+35.70%

05-24	Sector Update: Energy Stocks Rise in Late Friday Afternoon Trading	MT
05-24	Sector Update: Energy	MT

Enerplus Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

May 08, 2024 at 10:20 pm

Enerplus Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 359.26 million compared to USD 441.15 million a year ago. Net income was USD 66.14 million compared to USD 137.49 million a year ago.

Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.62 a year ago.

Latest news about Enerplus Corporation

Sector Update: Energy Stocks Rise in Late Friday Afternoon Trading	05-24	MT
Sector Update: Energy	05-24	MT
Enerplus Shareholders Vote to Approve Its US$3.8-Billion Sale to Chord Energy	05-24	MT
Enerplus Up 0.75% In US Premarket As Declares Special Dividend in Connection With Chord Energy Deal; Deal Expected to Close by May 31	05-23	MT
Enerplus Brief: Announcing Special Dividend and Anticipated Closing Date for Transaction with Chord Energy Corporation	05-23	MT
Enerplus Corporation Announces Special Dividend, Payable on June 4, 2024	05-23	CI
Enerplus Q1 Earnings, Revenue Decline	05-09	MT
Enerplus Brief: No changes to Prior Announced 2024 guidance of $550 million of capital spending and total production of near 99,000 BOE per day, including liquids production of near 64,000 barrels per day	05-08	MT
Enerplus Brief: Excluding certain non-cash or non-recurring items, adjusted net income for Q1 2024 was $73.1 million, or $0.36 per share (basic)	05-08	MT
Enerplus Brief: Reporting Q1 2024 net income of $66.1 million, or $0.32 per share (basic)	05-08	MT
Enerplus Brief: Reporting Q1 2024 cash flow from operating activities and adjusted funds flow of $128.7 million and $173.1 million, respectively	05-08	MT
Tranche Update on Enerplus Corporation's Equity Buyback Plan announced on August 9, 2023.	05-08	CI
Enerplus Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	05-08	CI
Enerplus Corporation Reports Production Results for the First Quarter Ended March 31, 2024	05-08	CI
Enerplus Corporation Reaffirms Production Guidance for the Year 2024	05-08	CI
Enerplus Corporation Announces Quarterly Cash Dividend, Payable on June 4, 2024	05-08	CI
Enerplus' Sector Perform Rating Maintained by RBC Capital Markets Ahead of Q1 Results	05-03	MT
Enerplus Downgraded to Sector Perform at RBC	04-29	MT
TSX futures indicate upbeat open as metal prices gain	04-29	RE
RBC Downgrades Enerplus to Sector Perform From Outperform, Lifts Price Target to $22 From $21 Amid Chord Energy Deal	04-29	MT
North Dakota's rig count drops as consolidation sweeps oil patch	04-12	RE
Chord Energy-Enerplus Merger Nears Completion	04-08	MT
Chord Energy, Enerplus Report Expiration of Hart-Scott-Rodino Act Waiting Period For Proposed Combination	04-08	MT
Enerplus Brief: Chord Energy and Enerplus Announcing Expiration of Hart-Scott-Rodino Act Waiting Period and Providing Transaction Update	04-08	MT
News Highlights : Top Energy News of the Day - Wednesday at 7 AM ET	02-28	DJ

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Company Profile

Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of the Bakken/Three Forks light oil shale play where it holds approximately 235,600 net acres in North Dakota. The acreage is primarily located across the Fort Berthold Indian Reservation, as well as in Williams and Dunn Counties. It holds an interest in approximately 32,500 net acres in the dry gas window of the Marcellus shale in northeast Pennsylvania. This non-operated position is located in Susquehanna, Bradford, Wyoming, Sullivan and Lycoming counties.

Sector

Oil & Gas Exploration and Production

Calendar

08/08/2024 - Q2 2024 Earnings Release (Projected)

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Income Statement Evolution

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Ratings for Enerplus Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

20.17 USD

Average target price

19.28 USD

Spread / Average Target

-4.45%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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