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Enerplus Reports Q4 2019 Results
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Enerplus Corp. has reported its Q4 2019 results.
The company previously announced their 2020 capital plans back in January.
Enerplus reported fourth quarter 2019 cash flow from operating activities of $188.5 million and adjusted funds flow of $178.9 million. Enerplus reported a fourth quarter 2019 net loss of $429.1 million, or $(1.93) per share. The Company recognized a $451.1 million non-cash goodwill impairment related to its Canadian reporting unit in the quarter. Excluding the goodwill impairment and certain other non-cash or non-recurring items, fourth quarter 2019 adjusted net income was $34.4 million, or $0.15 per share.
Full year 2019 cash flow from operating activities was $694.2 million and adjusted funds flow was $709.0 million. The Company reported a full year 2019 net loss…
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