ERF - Enerplus Corporation: Finishes 2023 With Another Quarter Of Production Outperformance

2024-02-07 14:14:08 ET

Summary

• 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 2023 wells and its base production trends.
• Enerplus is expected to continue to focus on share repurchases and may end 2024 with around 184 million outstanding shares.

Enerplus Corporation ( ERF ) reported strong Q4 2023 production results , with production (both total and liquids) coming in at 7% more than the midpoint of its guidance range. This helped its full-year production end up 5% above the midpoint of its original guidance range....

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