ARC Resources Targets Doubling Free Funds Flow by 2028

ARC Resources Ltd., Canada's largest condensate producer, reported strong financial health with a market capitalization of $14.1 billion and low net debt of $1.5 billion. The company projects production growth from 350,000 barrels of oil equivalent per day in 2024 to over 400,000 by 2028 and aims to more than double free funds flow per share by 2028, with cumulative free funds flow expected to exceed $8 billion. ARC recently closed a C$1.0 billion senior unsecured notes offering to fund the acquisition of Kakwa Assets from Strathcona Resources, with the transaction expected to close in early July 2025. Additionally, ARC confirmed a quarterly dividend of $0.19 per share for July 2025, reflecting its commitment to shareholder returns and supported by an investment-grade credit profile. These strategic moves emphasize ARC's focus on disciplined growth, shareholder value, and expanding its asset base in the Montney formation. Investor confidence is underscored by ARC’s shares trading near a 52-week high and a stable BBB credit rating on its new notes.