CALGARY, AB, July 26, 2023 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) ( TSX: WCP ) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2023. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related management’s discussion and analysis for the three and six months ended June 30, 2023 which are available at www.sedar.com and on our website at www.wcap.ca . Financial ($ millions except for share amounts and percentages) Three months ended June 30 Six months ended June 30 2023 2022 2023 2022 Petroleum and natural gas revenues 797.9 1,262.0 1,681.6 2,265.9 Net income 175.4 380.7 438.0 1,033.0 Basic ($/share) 0.29 0.62 0.72 1.66 Diluted ($/share) 0.29 0.61 0.72 1.65 Funds flow 1 415.1 676.6 863.1 1,182.3 Basic ($/share) 1 0.69 1.09 1.43 1.90 Diluted ($/share) 1 0.68 1.08 1.41 1.88 Dividends declared 87.7 55.6 175.4 102.8 Per share 0.15 0.09 0.29 0.17 Expenditures on property, plant and equipment 2 217.8 87.9 471.4 299.4 Total payout ratio (%) 1 74 21 75 34 Net Debt 1 1,361.2 673.8 1,361.2 673.8 Operating Average daily production […]
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