Encana delivers strong second quarter financial results; liquids growth, efficiencies and robust realized prices driving quality returns
ENCANA (ECA)
Last encana earnings: 10/31 06:30 am
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Source: GlobeNewswire
CALGARY, Alberta , Aug. 01, 2018 (GLOBE NEWSWIRE) -- TSX, NYSE: ECA Encana delivered strong financial performance in the second quarter driven by continued liquids growth, efficiencies and robust realized prices. Year-over-year, the company more than doubled cash from operating activities and increased its non-GAAP cash flow and cash flow margin by 67 and 57 percent, respectively. Encana is on track to grow annual production by over 30 percent and now expects to generate free cash flow in 2018. The company has raised its expected full-year average non-GAAP cash flow margin to about $16 per barrel of oil equivalent (BOE). Second quarter highlights include: cash from operating activities of $475 million, up almost 120 percent from the second quarter of 2017non-GAAP cash flow of $586 million, up 67 percent year-over-year and 47 percent from the previous quarternon-GAAP cash flow margin of $19.09 per BOE, up 57 percent year-over-year and 39 percent from the previous quarternet loss o
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