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Encana's Q2 Earnings & Revenues Top Estimates, Up Y/Y

Calgary, Alberta-based Encana Corporation (ECA - Free Report) reported second-quarter 2017 operating earnings of 18 cents per share, ahead of the Zacks Consensus Estimate of 4 cents. Further, the bottom line improved from the year-ago period earnings of 10 cents per share. Improvement in the top line, higher realized prices, and reduction in the costs lead to better results.

Quarterly revenues of $1,083 million came above the Zacks Consensus Estimate of $773 million. Moreover, revenues were 197.5% higher than the prior-year figure of $364 million.

Encana Corporation Price, Consensus and EPS Surprise

Encana Corporation Price, Consensus and EPS Surprise | Encana Corporation Quote

Production & Prices

Quarterly natural gas production declined approximately 19% year over year to 1,146 million cubic feet per day, while liquids production fell 5% year over year to 124.9 thousand barrels per day.

Encana's...


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