ARX — ARC Resources Ltd. Energy · Oil & Gas E&P TSX
CAD 30.58
52W CAD 21 – CAD 32
USD CAD 30.58
1D 5D 1M 3M 6M YTD 1Y 5Y MAX
Income Statement Balance Sheet Cash Flow
Annual · All values in Canadian Dollars (CAD)
CAD FY2025 FY2024 FY2023 FY2022 Revenue 6.61B 5.62B 6.36B 9.85B YoY Growth +17.6% -11.6% -35.4% — Gross Profit 3.36B 2.73B 3.17B 5.54B Gross Margin 50.9% 48.5% 49.9% 56.3% R&D — — — — SG&A 175.60M 248.10M 212.20M 213.20M EBIT 1.76B 1.22B 1.72B 4.03B EBIT Margin 26.7% 21.7% 27.0% 40.9% D&A 1.55B 1.36B 1.41B 1.31B EBITDA 3.33B 2.95B 3.57B 4.39B EBITDA Margin 50.4% 52.4% 56.1% 44.6% Net Income 1.28B 1.12B 1.60B 2.30B Net Margin 19.3% 20.0% 25.1% 23.4% EPS (diluted) CAD 2.19 CAD 1.88 CAD 2.61 CAD 3.47 Shares (dil., M) 583 596 611 663
Company Brief
ARC Resources Ltd. acquires and develops crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney assets located in Alberta and northeast British Columbia. The company was founded in 1996 and is based in Calgary, Canada.
CEO Mr. Terry Michael Anderson B.Sc., P.Eng. IPO Date 1996-08-13 Country Canada Website www.arcresources.com Margins (TTM)
Gross Margin 50.3% EBITDA Margin 52.7% EBIT Margin 26.6% Net Margin 21.0% FCF Margin 17.2%
Returns on Capital
ROIC 11.8% ROCE 13.4% ROE 17.6% ROA 9.5% Asset Turnover 0.45×
Earnings Quality
FCF / Net Income 94.3% SBC / Net Income 0.1% SBC / Revenue 0.0% Capex / D&A 1.22×
Growth (CAGR)
Metric 3yr Revenue -12.4% EPS -14.2% FCF -20.6% Dividend —
Ownership
Float 99.7% Shares Out. 565.5M Insiders % 49.0% Institutions % 50.3% Institutions (of float) 98.6% Institution holders 139 Insider net buy 6M +0.0%
Balance Sheet
Cash & ST Invest. CAD 7.0M Total Debt CAD 3.9B Net Cash / (Debt) -CAD 3.9B Total Assets CAD 15.3B Total Equity CAD 8.3B Goodwill & Intang. CAD 248.2M Tangible Book Value CAD 8.0B NCAV (Graham) -CAD 6.0B Tangible Book/sh CAD 14.17 NCAV/sh -CAD 10.61
Leverage
D/E Ratio 0.47× Net Debt / EBITDA 1.07× Interest Coverage 10.81× Current Ratio 0.70× Quick Ratio 0.69×
Capital Allocation (last FY)
Capex CAD 1.9B Capex / Revenue 28.6% SBC CAD 700K Dividends Paid CAD 444.0M Buybacks CAD 514.0M
Dividends
Annual DPS CAD 0.84 Yield (fwd) 2.75% Payout Ratio 31.6% Ex-div Date 2026-06-30
Valuation vs History
P/E vs 4Y 12.6× vs 7.5× median Div yield vs 10Y 261.0% vs 4.7% median
Buyback History
FY 2025 CAD 514.0M -3.2%
FY 2024 CAD 202.4M -1.2%
FY 2023 CAD 469.3M -3.9%
FY 2022 CAD 1.3B —
Margins (TTM)
Gross Margin 50.3% EBITDA Margin 52.7% EBIT Margin 26.6% Net Margin 21.0% FCF Margin 17.2%
Returns on Capital
ROIC 11.8% ROCE 13.4% ROE 17.6% ROA 9.5% Asset Turnover 0.45×
Earnings Quality
FCF / Net Income 94.3% SBC / Net Income 0.1% SBC / Revenue 0.0% Capex / D&A 1.22×
Growth (CAGR)
Metric 3yr Revenue -12.4% EPS -14.2% FCF -20.6% Dividend —
Ownership
Float 99.7% Shares Out. 565.5M Insiders % 49.0% Institutions % 50.3% Institutions (of float) 98.6% Institution holders 139 Insider net buy 6M +0.0%
CAD 30.58
1D 5D 1M 3M 6M YTD 1Y 5Y MAX
Income Statement Balance Sheet Cash Flow
Annual · All values in Canadian Dollars (CAD)
CAD FY2025 FY2024 FY2023 FY2022 Revenue 6.61B 5.62B 6.36B 9.85B YoY Growth +17.6% -11.6% -35.4% — Gross Profit 3.36B 2.73B 3.17B 5.54B Gross Margin 50.9% 48.5% 49.9% 56.3% R&D — — — — SG&A 175.60M 248.10M 212.20M 213.20M EBIT 1.76B 1.22B 1.72B 4.03B EBIT Margin 26.7% 21.7% 27.0% 40.9% D&A 1.55B 1.36B 1.41B 1.31B EBITDA 3.33B 2.95B 3.57B 4.39B EBITDA Margin 50.4% 52.4% 56.1% 44.6% Net Income 1.28B 1.12B 1.60B 2.30B Net Margin 19.3% 20.0% 25.1% 23.4% EPS (diluted) CAD 2.19 CAD 1.88 CAD 2.61 CAD 3.47 Shares (dil., M) 583 596 611 663
Company Brief
ARC Resources Ltd. acquires and develops crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney assets located in Alberta and northeast British Columbia. The company was founded in 1996 and is based in Calgary, Canada.
CEO Mr. Terry Michael Anderson B.Sc., P.Eng. IPO Date 1996-08-13 Country Canada Website www.arcresources.com Balance Sheet
Cash & ST Invest. CAD 7.0M Total Debt CAD 3.9B Net Cash / (Debt) -CAD 3.9B Total Assets CAD 15.3B Total Equity CAD 8.3B Goodwill & Intang. CAD 248.2M Tangible Book Value CAD 8.0B NCAV (Graham) -CAD 6.0B Tangible Book/sh CAD 14.17 NCAV/sh -CAD 10.61
Leverage
D/E Ratio 0.47× Net Debt / EBITDA 1.07× Interest Coverage 10.81× Current Ratio 0.70× Quick Ratio 0.69×
Capital Allocation (last FY)
Capex CAD 1.9B Capex / Revenue 28.6% SBC CAD 700K Dividends Paid CAD 444.0M Buybacks CAD 514.0M
Dividends
Annual DPS CAD 0.84 Yield (fwd) 2.75% Payout Ratio 31.6% Ex-div Date 2026-06-30
Valuation vs History
P/E vs 4Y 12.6× vs 7.5× median Div yield vs 10Y 261.0% vs 4.7% median
Buyback History
FY 2025 CAD 514.0M -3.2%
FY 2024 CAD 202.4M -1.2%
FY 2023 CAD 469.3M -3.9%
FY 2022 CAD 1.3B —
Not investment advice Updated 4/17/2026
