Enerplus Corp. reported a third-quarter profit of $86.9 million. (Photo by THE CANADIAN PRESS)

Enerplus Q3 profit up from year ago, boosted by higher prices and production

CALGARY — Enerplus Corp. reported a third-quarter profit of $86.9 million, up from $16.1 million a year ago, boosted by higher energy prices and increased production.

The oil and gas producer says its profit amounted to 35 cents per diluted share for the three months ended Sept. 30, up from seven cents per diluted share a year ago.

Oil and natural gas sales amounted to $373.6 million, up from $196.1 million in the same quarter last year.

Total production for the quarter averaged 96,861 barrels of oil equivalent per day, up 79,128 boepd in the third quarter of 2017.

The company reported an average selling price of $52.32 per barrel of oil equivalent, up from $33.23 a year ago.

In its outlook, Energy raised the lower end of its production guidance for 2018 to between 92,500 and 93,000 boepd, compared with its earlier expectation for production between 91,000 and 93,000 boepd.

Just Posted

Big-time entertainers to perform in Red Deer during the 2019 Canada Winter Games

Musicans announced include Walk Off the Earth, k-os, Brett Kissel

Builders say it’s not the time for higher permit fees in Red Deer

Construction industry is hard hit by slow economy

Bighorn Country telephone town hall for Red Deer area set for Wednesday

Residents can phone in from 6:30-7:30 p.m. to hear about the project or ask questions

YouTube revises policy, bans dangerous prank videos

SAN BRUNO, Calif. — YouTube is trying to prevent otherwise bright people… Continue reading

May’s govt faces no-confidence vote after huge Brexit defeat

LONDON — British Prime Minister Theresa May faced a no-confidence vote Wednesday,… Continue reading

WATCH:2019 Canada Winter Games torchbearers announced

Sixteen torchbearers announced with others to be revealed during Opening Ceremonies

Alberta doctor accused of sexual assault asked to voluntarily give up practice

College says Dr. Barry Wollach should discontinue his practice, given the seriousness of the allegation against him

Speedy acceptance of Saudi shows refugee system’s flaws

Who would not wish Rahaf Mohammed well? The 18-year-old Saudi wants to… Continue reading

Hertl’s hat trick leads Sharks past Penguins 5-2

SAN JOSE, Calif. — Tomas Hertl needed just three games to get… Continue reading

Starring role beckons for Canada’s Alphonso Davies at Bayern Munich

BERLIN — Canadian teenager Alphonso Davies could be thrown in at the… Continue reading

Bus singer gives voice to Venezuela’s growing diaspora

LIMA, Peru — A year ago, Venezuelan migrant Reymar Perdomo was singing… Continue reading

Corey Hart to be inducted into Canadian Music Hall of Fame at Juno Awards

TORONTO — Crooner Corey Hart will join Canadian music royalty in the… Continue reading

Lucic, Kassian each score twice to power Oilers in 7-2 win over Sabres

EDMONTON — Milan Lucic and Zack Kassian each scored a pair of… Continue reading

Big Valley family gives back to community

Donates $24,560 to Stettler Health Foundation and Edmonton Stollery Children’s Hospital

Most Read