ARC Resources Sees Record Production Amid Shell Acquisition Talks

ARC Resources Ltd., an oil and gas company, announced its second-quarter 2026 financial results. The company reported average production of 390,465 barrels of oil equivalent (boe) per day, a nine percent increase from the same period in 2025.

The production mix was comprised of 61% natural gas and 39% crude oil and liquids. ARC generated funds from operations of $816 million ($1.44 per share) and cash flow from operating activities of $872 million ($1.54 per share).

The company realized an average natural gas price of $2.52 per thousand cubic feet (Mcf), which is 67% or $1.01 greater than the average AECO 7A Monthly Index price. Capital expenditures totaled $467 million in the second quarter, with development activity focused mainly at Kakwa.

ARC declared dividends of $119 million ($0.21 per share) and had a net debt balance of $2.6 billion or 0.8 times funds from operations as of June 30, 2026. The company's capital budget and production guidance for 2026 remain unchanged.