Imperial Oil production highest in 30 years

Net income down in the third quarter but company returned $512 million to shareholders through share purchases and dividends

Imperial Oil production highest in 30 yearsCalgary-based Imperial Oil announced on Friday that it had net income of $424 million in its third quarter, down from $749 million a year ago. But the company also experienced its highest third quarter production in 30 years at 407,000 gross oil-equivalent barrels per day. The company also returned $512 million to shareholders through share…

TC Energy announces West Path Delivery Program expansion

TC Energy announces West Path Delivery Program expansionCalgary-based TC Energy Corporation is moving forward with its West Path Delivery Program, a combined $1.2 billion expansion of its NOVA Gas Transmission Ltd. and Foothills Systems, which will connect with the US$335 million GTN XPress Project recently announced by TC PipeLines LP, to deliver the volumes to downstream markets.  “The West Path Delivery Program,…

ATCO quarterly earnings fall from a year ago

But Neltume Ports contributed $2 million in higher earnings in the third quarter compared to the same period in 2018

ATCO quarterly earnings fall from a year agoCalgary-based ATCO announced on Thursday third quarter 2019 adjusted earnings of $74 million, or $0.65 per share, compared to $87 million, or $0.76 per share, in the third quarter of 2018. “Lower third-quarter earnings recorded in Canadian Utilities and ATCO Investments were partially offset by higher earnings in Structures & Logistics and Neltume Ports,” said…

Suncor quarterly net earnings top $1 billion

Total oil sands production during the third quarter increased to 670,000 barrels per day

Suncor quarterly net earnings top $1 billionCalgary-based energy giant Suncor is reporting net earnings of $1.035 billion ($0.67 per common share) in the third quarter of this year. That’s down from $1.812 billion ($1.12 per common share) in the corresponding quarter in the prior year. Funds from operations were $2.675 billion ($1.72 per common share) in the third quarter compared to…

Cenovus Energy net earnings $187 million in quarter

Cenovus Energy net earnings $187 million in quarterCalgary-based Cenovus Energy Inc. reported net earnings of $187 million for its third quarter this year compared to a net loss of $242 million for the same time last year. “We’re continuing to do everything we said we would do,” said Alex Pourbaix, Cenovus president and CEO, in a news release on Thursday. “Through our…

WestJet reports strong third-quarter net earnings

Total quarterly revenue was nearly $1.4 billion, up 10.5% from a year ago

WestJet reports strong third-quarter net earningsWestJet had net earnings of $119.4 million, or $1.02 per fully diluted share, in its third quarter compared with net earnings of $70.1 million, or $0.61 per fully diluted share, reported in the third quarter of 2018. That’s a year-over-year increase of 70.4 per cent and 67.2 per cent respectively. “We are very pleased with these remarkable results, achieving…

Shaw Communications’ net income rises to $738 million

Company says it gained record wireless net subscriber additions of 90,700 in the fourth quarter and over 266,000 new customers during the year

Shaw Communications’ net income rises to $738 millionCalgary-based Shaw Communications reported on Friday that it had net income of $167 million in its fourth quarter and $738 million for the year. The company said it experienced record wireless net subscriber additions of 90,700 in the fourth quarter, resulting in over 266,000 new customers during the year. Compared to a year ago, net…

Postmedia announces $6.3 million loss

Postmedia announces $6.3 million lossCanadian media giant Postmedia ended up losing $6.3 million for its fiscal year ending August 31.  The company said Thursday that the net loss compared to a net loss $33.9 million in the same period in the prior year.  “The change was primarily the result of decreases in depreciation and amortization expense, decreases in restructuring…

Precision Drilling narrows net loss in third quarter

During the quarter, the Calgary-based company says it reduced its debt by $21 million

Precision Drilling narrows net loss in third quarterCalgary-based Precision Drilling narrowed its net loss in its third quarter to $4 million from $31 million in the third quarter of last year. In a news release on Wednesday, the company said third-quarter revenue of $376 million was a decrease of two per cent compared to last year. Funds provided by operations were $80…

Husky Energy sees drop in quarterly net earnings

Prince George Refinery sale and other steps taken ‘to further align the organization and workforce’

Husky Energy sees drop in quarterly net earningsJust days after announcing an undisclosed amount of layoffs, Calgary-based Husky Energy released it third-quarter financial results indicating the company saw its net earnings fall to $273 million compared to net earnings of $545 million in quarter three of 2018. In a news release on Thursday, Husky said funds from operations were $1 billion compared…