AP NEWS

Arc Resources: 3Q Earnings Snapshot

November 8, 2019 GMT

CALGARY, Alberta (AP) _ Arc Resources Ltd. (AETUF) on Thursday reported a third-quarter loss of $43.3 million, after reporting a profit in the same period a year earlier.

The Calgary, Alberta-based company said it had a loss of 12 cents per share. Losses, adjusted for asset impairment costs, came to 4 cents per share.

The oil and natural gas company posted revenue of $209.7 million in the period.

The company’s shares closed at $4.97. A year ago, they were trading at $9.50.

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