CALGARY, AB – Whitecap Resources Inc. (“Whitecap” or the “Company”) ( TSX: WCP ) is pleased to report its operating and audited financial results for the quarter and year ended December 31, 2020. Selected financial and operating information is outlined below and should be read with Whitecap’s audited annual consolidated financial statements and related management’s discussion and analysis for the three and twelve months ended December 31, 2020 which are available at www.sedar.com and on our website at www.wcap.ca . FINANCIAL AND OPERATING HIGHLIGHTS Three months ended December 31 Twelve months ended December 31 Financial ($000s except per share amounts) 2020 2019 2020 2019 Petroleum and natural gas revenues 238,489 369,190 901,556 1,418,476 Net income (loss) 331,951 (203,946) (1,844,973) (155,873) Basic ($/share) 0.81 (0.50) (4.52) (0.38) Diluted ($/share) 0.81 (0.50) (4.52) (0.38) Funds flow 104,650 184,546 433,881 675,610 Basic ($/share) 0.26 0.45 1.06 1.64 Diluted ($/share) 0.25 0.45 1.06 1.63 Dividends paid or declared 17,468 35,018 87,276 138,341 Per share 0.04 0.09 0.21 0.34 Expenditures on property, plant and equipment 21,713 98,762 195,886 403,977 Total payout ratio (%) (1) 37 72 65 80 Property acquisitions 26 410 5,381 4,016 Property dispositions – (266) – (978) Corporate acquisition – – […]
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