EnCana Achieves Strong 2009 Operating Performance Despite Economy
Reported by Staff
Calgary AB – EnCana Corporation (TSX, NYSE: ECA) achieved strong 2009 financial and operating performance during a major economic downturn and a year when benchmark natural gas prices averaged about $4.00 per thousand cubic feet (Mcf), the lowest level in seven years.
The energy company has major natural gas operations on Colorado’s Western Slope as well as in neighboring Wyoming.
On a pro forma basis, which reflects EnCana as if it had completed its recent split transaction prior to 2009, the company generated cash flow of $5.0 billion, or $6.68 per share and operating earnings were $1.8 billion, or $2.35 per share. Fourth quarter pro forma cash flow was $930 million, or $1.24 per share. Pro forma operating earnings were $373 million, or $0.50 per share.
View the full financial report here.
Filed Under: ARCHIVES • Corporate News • EnCanaLog
Tags: Encana • Piceance Basin
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