“We continue to deliver strong performance in 2021,” said Ian C. Dundas, President and CEO. “We extended our core Bakken inventory through accretive acquisitions, generated over $290 million in free cash flow through the first nine months of the year and we anticipate another $250 million in free cash flow in the fourth quarter. We also expect to end the year with a net debt to adjusted funds flow ratio below one times. Looking ahead into 2022, we have a sustainable plan expected to generate meaningful free cash flow underpinned by compelling development economics. We remain committed to returning capital to shareholders which we have continued to demonstrate with today’s announcement of our accelerated share repurchase program and third dividend increase in 2021.”
Upon request, shareholders are entitled to receive a printed copy of Enerplus’ financial results at no charge.