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Complete financial analysis of Enerplus Corporation (ERF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Enerplus Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Enerplus Corporation (ERF)
About Enerplus Corporation
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2021, it had proved plus probable gross reserves of approximately 8.2 million barrels (MMbbls) of light and medium crude oil; 20.7 MMbbls of heavy crude oil; 299.3 MMbbls of tight oil; 56.2 MMbbls of natural gas liquids; 19.7 billion cubic feet (Bcf) of conventional natural gas; and 1,367.9 Bcf of shale gas. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.69B | 2.35B | 1.32B | 826.97M | 1.15B | 1.25B | 743.54M | 515.84M | 740.16M | 1.52B | 1.23B | 1.47B | 1.31B | 1.35B | 1.23B | 1.92B | 1.55B | 1.37B | 1.34B | 956.43M | 721.65M | 394.74M | 401.63M | 120.89M | 37.49M | 26.97M | 35.29M | 40.57M |
| Cost of Revenue | 1.05B | 996.72M | 794.03M | 725.68M | 913.87M | 786.65M | 487.84M | 536.75M | 730.23M | 945.83M | 983.26M | 1.13B | 515.62M | 512.91M | 510.65M | 273.31M | 276.84M | 215.55M | 186.68M | 163.42M | 131.46M | 85.36M | 75.43M | 20.87M | 11.05M | 10.85M | 10.55M | 12.48M |
| Gross Profit | 646.45M | 1.36B | 525.52M | 101.29M | 239.71M | 460.84M | 255.70M | -20.91M | 9.93M | 570.78M | 247.62M | 333.46M | 793.52M | 838.78M | 723.77M | 1.64B | 1.28B | 1.15B | 1.15B | 793.01M | 590.19M | 309.38M | 326.20M | 100.01M | 26.44M | 16.12M | 24.74M | 28.09M |
| Gross Profit Ratio | 38.15% | 57.65% | 39.83% | 12.25% | 20.78% | 36.94% | 34.39% | -4.05% | 1.34% | 37.64% | 20.12% | 22.76% | 60.61% | 62.05% | 58.63% | 85.74% | 82.19% | 84.25% | 86.02% | 82.91% | 81.78% | 78.38% | 81.22% | 82.73% | 70.53% | 59.76% | 70.10% | 69.24% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 65.66M | 69.95M | 56.81M | 45.16M | 55.77M | 55.64M | 59.09M | 64.22M | 74.85M | 90.49M | 103.55M | 94.33M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 65.66M | 69.95M | 56.81M | 45.16M | 55.77M | 55.64M | 59.09M | 64.22M | 74.85M | 90.49M | 103.55M | 94.33M | 112.72M | 105.87M | 109.52M | 76.68M | 90.90M | 70.82M | 57.94M | 49.06M | 64.40M | 23.89M | 14.00M | 5.07M | 2.49M | 2.21M | 2.66M | 3.28M |
| Other Expenses | 4.30M | 1.36M | 2.49M | -4.94M | 5.76M | 4.34M | 1.52M | 1.66M | -5.08M | 198.99K | 815.20K | -1.28M | 424.45M | 644.26M | 564.23M | 526.24M | 468.26M | 416.09M | 338.41M | 276.91M | 193.64M | 139.36M | 124.88M | 15.66M | 8.98M | 11.50M | 10.55M | 12.11M |
| Operating Expenses | 65.66M | 69.95M | 56.81M | 45.16M | 55.77M | 55.64M | 59.09M | 64.22M | 74.85M | 90.49M | 103.55M | 107.92M | 238.81M | 751.06M | 730.64M | 602.92M | 559.16M | 486.91M | 396.35M | 325.97M | 258.04M | 163.25M | 138.88M | 20.74M | 11.46M | 13.71M | 13.21M | 15.40M |
| Cost & Expenses | 1.11B | 1.07B | 850.84M | 770.84M | 969.64M | 842.29M | 546.93M | 600.97M | 805.08M | 1.04B | 1.09B | 1.24B | 754.43M | 1.26B | 1.24B | 876.24M | 836.00M | 702.45M | 583.03M | 489.39M | 389.51M | 248.61M | 214.31M | 41.61M | 22.51M | 24.57M | 23.76M | 27.88M |
| Interest Income | 0.00 | 33.24M | 34.64M | 26.39M | 33.22M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 17.60M | 24.55M | 27.40M | 22.24M | 25.97M | 27.02M | 30.79M | 33.81M | 47.89M | 53.62M | 53.27M | 53.35M | 59.20M | 46.73M | 53.73M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 403.48M | 309.37M | 271.34M | 229.90M | 273.17M | 223.40M | 199.42M | 244.75M | 365.54M | 488.15M | 557.12M | 513.41M | 424.45M | 645.19M | 621.13M | 526.24M | 468.26M | 413.18M | 332.83M | 271.41M | 188.85M | 135.87M | 121.91M | 16.38M | 9.87M | 11.50M | 10.55M | 12.11M |
| EBITDA | 962.58M | 1.60B | 742.53M | 281.08M | 462.87M | 632.94M | 397.55M | 161.27M | 294.88M | 967.81M | 701.26M | 735.96M | 979.16M | 732.91M | 614.25M | 1.84B | 1.51B | 1.33B | 1.44B | 1.04B | 702.43M | 365.75M | 392.56M | 120.10M | 30.79M | 14.95M | 24.74M | 30.79M |
| EBITDA Ratio | 56.81% | 67.88% | 56.27% | 33.99% | 40.12% | 50.74% | 53.47% | 31.26% | 39.84% | 63.81% | 56.97% | 50.23% | 74.79% | 54.22% | 49.76% | 95.85% | 96.87% | 97.26% | 107.61% | 108.63% | 97.34% | 92.65% | 97.74% | 99.35% | 82.14% | 55.42% | 70.10% | 75.90% |
| Operating Income | 585.09M | 1.29B | 471.20M | 51.19M | 189.70M | 405.20M | 196.62M | -85.13M | -64.92M | 480.29M | 144.07M | 225.54M | 282.88M | 88.65M | 50.02M | 1.04B | 718.23M | 666.22M | 752.06M | 467.04M | 332.15M | 146.13M | 187.31M | 79.28M | 14.98M | 2.40M | 11.53M | 12.70M |
| Operating Income Ratio | 34.53% | 54.73% | 35.71% | 6.19% | 16.44% | 32.48% | 26.44% | -16.50% | -8.77% | 31.67% | 11.70% | 15.39% | 21.61% | 6.56% | 4.05% | 54.27% | 46.21% | 48.68% | 56.33% | 48.83% | 46.03% | 37.02% | 46.64% | 65.58% | 39.96% | 8.92% | 32.67% | 31.29% |
| Total Other Income/Expenses | -17.66M | -80.46M | -135.31M | -943.51M | -351.89M | -51.70M | 57.05M | 204.34M | -1.15B | -103.93M | -62.72M | -443.63M | -415.63M | -45.80M | 3.17M | -332.89M | -352.98M | -276.40M | -358.89M | -310.57M | -191.13M | -95.00M | -93.85M | -28.18M | -8.01M | -4.03M | -2.66M | -5.98M |
| Income Before Tax | 567.43M | 1.21B | 335.89M | -928.61M | -162.19M | 353.51M | 253.67M | 119.20M | -1.22B | 376.36M | 81.35M | -218.09M | 139.08M | 41.93M | -3.70M | 706.97M | 365.26M | 389.82M | 393.16M | 156.48M | 141.02M | 51.13M | 93.46M | 51.10M | 6.97M | -1.62M | 8.87M | 6.71M |
| Income Before Tax Ratio | 33.49% | 51.31% | 25.45% | -112.29% | -14.06% | 28.34% | 34.12% | 23.11% | -164.62% | 24.82% | 6.61% | -14.89% | 10.62% | 3.10% | -0.30% | 36.90% | 23.50% | 28.48% | 29.45% | 16.36% | 19.54% | 12.95% | 23.27% | 42.27% | 18.60% | -6.02% | 25.15% | 16.55% |
| Income Tax Expense | 111.35M | 293.30M | 101.44M | -204.49M | 36.64M | 75.78M | 65.20M | -176.47M | -120.69M | 118.73M | 36.29M | -61.55M | 31.90M | -85.17M | -88.81M | 23.42M | 22.24M | -80.47M | 15.58M | -63.90M | -56.26M | -22.48M | -19.77M | 767.10K | 552.36K | 129.98K | 3.14M | 6.71M |
| Net Income | 456.08M | 914.30M | 234.44M | -724.12M | -198.83M | 277.73M | 188.47M | 295.67M | -1.10B | 257.63M | 45.06M | -156.54M | 107.19M | 127.09M | 85.11M | 726.03M | 343.02M | 467.38M | 372.00M | 214.88M | 192.48M | 73.60M | 113.24M | 50.33M | 6.42M | -1.75M | 8.39M | 5.98M |
| Net Income Ratio | 26.92% | 38.85% | 17.77% | -87.56% | -17.24% | 22.26% | 25.35% | 57.32% | -148.32% | 16.99% | 3.66% | -10.68% | 8.19% | 9.40% | 6.89% | 37.89% | 22.07% | 34.15% | 27.86% | 22.47% | 26.67% | 18.65% | 28.19% | 41.64% | 17.13% | -6.51% | 23.76% | 14.75% |
| EPS | 2.20 | 3.75 | 0.92 | -3.25 | -0.86 | 1.14 | 0.78 | 1.31 | -5.33 | 1.26 | 0.23 | -0.80 | 0.60 | 0.72 | 0.51 | 4.55 | 2.69 | 3.84 | 3.41 | 2.16 | 2.22 | 1.02 | 2.06 | 2.04 | 0.86 | -0.13 | 1.43 | 1.01 |
| EPS Diluted | 2.13 | 3.62 | 0.89 | -3.25 | -0.86 | 1.12 | 0.76 | 1.28 | -5.32 | 1.24 | 0.23 | -0.80 | 0.60 | 0.71 | 0.51 | 4.54 | 2.69 | 3.83 | 3.40 | 2.16 | 2.21 | 1.02 | 2.06 | 2.03 | 0.86 | -0.13 | 1.43 | 1.01 |
| Weighted Avg Shares Out | 211.35M | 233.95M | 251.91M | 222.50M | 231.33M | 244.08M | 241.93M | 226.53M | 206.14M | 204.51M | 200.57M | 195.63M | 179.89M | 177.74M | 169.28M | 160.59M | 127.69M | 121.59M | 109.08M | 99.27M | 86.20M | 71.95M | 54.91M | 26.84M | 20.53M | 13.03M | 5.88M | 5.94M |
| Weighted Avg Shares Out (Dil) | 217.90M | 242.67M | 259.85M | 222.50M | 231.33M | 247.26M | 246.87M | 231.06M | 206.21M | 207.42M | 201.40M | 195.63M | 180.35M | 178.09M | 169.55M | 160.64M | 127.75M | 121.86M | 109.37M | 99.42M | 86.40M | 72.08M | 54.96M | 26.93M | 20.61M | 13.03M | 5.88M | 5.94M |
Chord Energy to buy Canada's Enerplus to boost Williston basin presence
U.S. energy firm Chord Energy said on Wednesday that it would acquire Canada's Enerplus , creating a combined entity with an enterprise value of $11 billion.
Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company with Top-Tier Shareholder Returns
Enhanced Operating Scale to Drive Returns and Free Cash Flow; Combined Acreage PositionTotaling 1.3 Million Net Acres and Combined 4Q23 Production of 287,000 Boepd Combined Company has Approximately 10 years of Low-Breakeven Inventory with Significant Opportunity to Enhance Returns through Efficiencies...
Devon Energy is reportedly interested in buying Enerplus
Devon Energy Corp is reportedly interested in buying Enerplus Corp. Shares of the latter are up nearly 10% at writing. How much is Devon willing to spend on Enerplus remains unknown.
Exclusive: Shale producer Devon Energy in bid to acquire Enerplus -sources
U.S. oil and gas producer Devon Energy has approached Enerplus , a peer with a market value of C$3.9 billion ($2.9 billion), with an acquisition offer, people familiar with the matter said on Thursday.
Enerplus Corporation: Finishes 2023 With Another Quarter Of Production Outperformance
Enerplus reported production that exceeded the midpoint of its Q4 2023 guidance by 7%. Enerplus' full-year production ended up 5% above the midpoint of its original 2023 guidance. This production strength was attributed to well outperformance, both for its new...
Enerplus (ERF) Q4 Production Outperforms Guidance
Enerplus' (ERF) fourth-quarter 2023 production surpasses guidance. However, the company anticipates a fall in first-quarter 2024 production due to a winter storm in January.
Enerplus Corporation: Good Company On Sale (Rating Upgrade)
Enerplus Corporation is a Canadian stock that focuses primarily on the Bakken and Marcellus basins. The analyst community is moderately bullish on the stock, with 8 out of 11 covering the stock rating it as a buy. Enerplus has a...
Enerplus Corporation (ERF) Q3 2023 Earnings Call Transcript
Enerplus Corporation (NYSE:ERF ) Q3 2023 Earnings Conference Call November 3, 2023 11:00 AM ET Company Participants Drew Mair - Investor Relations Ian Dundas - President & Chief Executive Officer Wade Hutchings - Senior Vice-President & Chief Operating Officer Jodine...
Is Enerplus (ERF) a Great Value Stock Right Now?
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