ARC Resources (ARX · TSX)

Name: ARC Resources (ARX) oil & gas valuation & reserves screen
Creator: Enerquill Advisory

Gas-weighted — HQ Canada. Oil & gas valuation, proved reserves, production, break-even, net-asset-value and jurisdiction-risk screen.

Category Gas-weightedRegion N. AmericaCEO Terry Anderson (2022)Jurisdiction risk Low (8)

Overview

Canada's premier Montney operator: Kakwa (core condensate-rich), Attachie (Phase I ~2025, major growth), Sunrise and Ante Creek/Greater Dawson; ~365 kboe/d of high-value condensate + gas with LNG Canada egress exposure.

Strong balance sheet, a base dividend plus buybacks and Attachie-led growth. Flags: condensate/gas price exposure.

Valuation snapshot (FY2025)

Market cap

$13.2bn

Enterprise value

$15.3bn

EV / EBITDA

6.3x

P / E

14.2x

FCF yield

7.1%

Dividend yield

2.4%

ROACE

12%

Debt / equity

35%

Net debt / EBITDA

0.9x

EV / reserves

$10.61/boe

EV / flowing

$41k/boe/d

Free cash flow

$0.9bn

Its EV/EBITDA of 6.3x is above the 5.9x median across the 142-company universe, the free-cash-flow yield of 7.1% is higher than the 6.5% median, and at $10.61/boe of proved reserves it is cheaper than the $13.51/boe median.

On a balanced screen across the universe, ARC Resources scores 55/100, strongest on safety (72/100). Sub-scores: value 48, quality 54, growth 38, risk 28 (higher = riskier).

Reserves & production

ARC Resources holds approximately 1.44 billion boe of proved (1P) reserves with FY2025 production of about 374 thousand boe/d (41% liquids), a reserve life of roughly 10.6 years. Break-even: low (low-cost Montney) — Top-tier Montney condensate/gas; Attachie Phase I onstream ~2025; premium condensate pricing; low decline.

Net asset value (public-source)

For ARC Resources, no SEC standardized measure is disclosed (non-US filer or listed NOC), so a public-source proved-NAV floor is not computable from US filings. See the interactive screener's NAV tab for peers where an SEC figure exists.

Jurisdiction risk · production-weighted country risk

8 /100

Low jurisdiction risk

Production-weighted average of the country scores below (0 = safest, 100 = riskiest).

Country / region	Prod. share	Country risk	Key jurisdiction risk
Canada	100%	8	Stable; pipeline egress constraints, oil-sands emissions policy.

How this is scored. Each country's risk (0–100) is anchored to two named public indices — the OECD Country Risk Classification (0–7 official export-credit country risk) and the World Bank Worldwide Governance Indicators (Political Stability & Absence of Violence percentile) — blended 55/45 and rescaled to 0–100. A company's jurisdiction risk is the production-weighted average across the countries where it operates. This is a pure country measure, kept separate from company & financial risk (leverage, governance). Source: OECD Country Risk Classification (CRC) as of 24 July 2025, sourced via the German Federal Export Credit Guarantees (exportkreditgarantien.de) which applies the OECD consensus country risk category directly (values 0-7; 0 = lowest risk). High-income OECD members are not individually rated by the OECD and are set to crc=0 per the model spec (US, UK, Norway, Canada, Australia, Japan, NZ, and most of Europe incl. OECD members Israel, Poland, Hungary, Czechia, Lithuania, Ireland). 'ps' = World Bank Worldwide Governance Indicators (WGI) 'Political Stability and Absence of Violence/Terrorism' percentile rank, latest available (2023 vintage), 0-100 with higher = more stable; ps values are best sourced estimates rounded to the WGI percentile scale. Yemen not on OECD list ('./.') so crc estimated at 7. Iraq-Kurdistan and Falklands are non-standard model rows using judgment, not official OECD entries..

Need this for a live deal on ARX?

Enerquill Advisory provides asset valuation, petroleum fiscal modelling and risk analysis for oil, gas and LNG transactions — including bespoke, deal-specific NAV and acquirer–target screens that go well beyond this public data.

Work with us →About Enerquill

Key assets & projects

Asset	Location	Type	Notes
Kakwa	Canada	Condensate/gas	core, condensate-rich Montney
Attachie	Canada	Condensate/gas	Phase I ~2025 major growth
Sunrise	Canada	Gas	dry gas
Ante Creek / Greater Dawson	Canada	Gas/liquids	Montney
LNG Canada egress	Canada	Gas	premium market access
Montney (NE BC)	Canada	Condensate/gas	core
Pembina/Kakwa infrastructure	Canada	Infrastructure	processing
Condensate marketing	Canada	Liquids	premium diluent

Five-year trend (FY2021–FY2025)

Metric	2021	2022	2023	2024	2025
Production (mboe/d)	344	344	338	356	374
Proved reserves (bnboe)	1.00	1.05	1.10	1.15	1.44
Revenue ($bn)	4.5	6.0	4.8	4.6	4.0
EBITDA ($bn)	2.5	3.5	3.0	2.9	2.4
Net income ($bn)	1.2	2.5	1.1	1.2	0.9
Free cash flow ($bn)	0.8	1.8	0.9	1.0	0.9

Get the ARX one-page tearsheet (PDF)

Enter your email and we'll open a print-ready one-page tearsheet for ARC Resources — and add you to the monthly oil & gas valuation screen.

Peer companies — Gas-weighted

NVTK · Novatek EQT · EQT Corporation EXE · Expand Energy TOU · Tourmaline Oil AR · Antero Resources RRC · Range Resources ENEV3 · Eneva S.A.NWMD · NewMed Energy CNX · CNX Resources Corporation CRK · Comstock Resources, Inc.PEY · Peyto Exploration & Development Corp.BKV · BKV Corporation GPOR · Gulfport Energy Corporation ENOG · Energean

Sources

✓ FY2025 figures verified against primary sources:

↗ Compare ARX against 141 peers in the interactive screener