Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
CanadaIPO:
17 November 2000Website:
http://www.enerplus.comNext earnings report:
09 August 2024Last dividends:
30 May 2024Next dividends:
N/APrice
regular market | Thu, 30 May 2024 20:00:02 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
ERF Latest News
HOUSTON, May 31, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") announced today the completion of their previously announced business combination (the "Arrangement"). The Arrangement was approved by Chord and Enerplus shareholders on May 14, 2024 and May 24, 2024, respectively, and received the approval of the Court of King's Bench of Alberta on May 28, 2024.
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Enerplus reported production that exceeded the midpoint of its Q4 2023 guidance by 7%. Enerplus' full-year production ended up 5% above the midpoint of its original 2023 guidance. This production strength was attributed to well outperformance, both for its new 2023 wells and its base production trends.
Enerplus' (ERF) fourth-quarter 2023 production surpasses guidance. However, the company anticipates a fall in first-quarter 2024 production due to a winter storm in January.
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An upward cost trend is anticipated to have affected Enerplus' (ERF) earnings in Q3.
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Enerplus is expected to generate over $250 million in free cash flow in 2H 2023 at current strip prices. It intends to use the majority of this to repurchase shares. Enerplus is projected to end 2023 with around 204 million shares and less than $100 million in net debt.
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After exploding higher in the second quarter of this year, the broad market is taking a much-needed breather. The S&P 500 has corrected by about -6% and the Nasdaq 100 by -9%.
What type of business is Enerplus?
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2021, it had proved plus probable gross reserves of approximately 8.2 million barrels (MMbbls) of light and medium crude oil; 20.7 MMbbls of heavy crude oil; 299.3 MMbbls of tight oil; 56.2 MMbbls of natural gas liquids; 19.7 billion cubic feet (Bcf) of conventional natural gas; and 1,367.9 Bcf of shale gas. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.
What sector is Enerplus in?
Enerplus is in the Energy sector
What industry is Enerplus in?
Enerplus is in the Oil & Gas Equipment & Services industry
What country is Enerplus from?
Enerplus is headquartered in Canada
When did Enerplus go public?
Enerplus initial public offering (IPO) was on 17 November 2000
What is Enerplus website?
https://www.enerplus.com
Is Enerplus in the S&P 500?
No, Enerplus is not included in the S&P 500 index
Is Enerplus in the NASDAQ 100?
No, Enerplus is not included in the NASDAQ 100 index
Is Enerplus in the Dow Jones?
No, Enerplus is not included in the Dow Jones index
When does Enerplus report earnings?
The next expected earnings date for Enerplus is 09 August 2024