“Our second quarter results reflect the increasing scale of our business and continued strong operational momentum,” said Ian C. Dundas, President and CEO. “We delivered record production, capital efficiency gains along with an increasing free cash flow profile. The 15% increase to our quarterly dividend—our second dividend increase this year— and resumption of our share repurchase program underscores our commitment to providing increasing capital returns to shareholders. While we are prioritizing debt reduction in the near term, we will continue to evaluate returning incremental free cash flow to shareholders and are well positioned to meaningfully enhance our shareholder returns upon achieving our $400 million debt reduction target. ”
Upon request, shareholders are entitled to receive a printed copy of Enerplus’ financial results at no charge.