The calendar still lists a November 5 earnings report, but ARC Resources’ status has changed. Shell completed its acquisition of ARC on September 2, 2026, and ARC says it was later delisted from the TSX.
ARC Resources Ltd. (TSX: ARX) is scheduled to report results for the quarter ended September 30 after market close on November 5. The calendar shows estimated EPS of C$0.39 and revenue of C$1.72 billion. Those estimates come from one analyst for EPS and three for revenue.
Recent earnings trend
ARC Resources Ltd.
ARX.TO
ARX.TO
ARC Resources Ltd.
WealthAwesomeMarket cap
$19.19B
P/E
13.7x
Div. yield
2.44%
Div. / share
$0.82
52W high
$34.40
52W low
$20.84
1W change
+0.00%
Beta
0.11
Analyst Price Targets
Based on analyst covering ARX · as of Sep 17, 2026
Wall Street analysts forecast ARX stock price to fall 4.3% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$32.46
-4.3% Upside
Current Price
C$33.91
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ARX's historical volatility
30-Day Vol
17.6%
Annualized
90-Day Vol
18.5%
Annualized
Trend (90d)
+25.4%
Annualized drift
90d Mean
C$37.13
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$34.95 | C$32.90 – C$37.13 |
| 60 trading days | C$36.02 | C$33.07 – C$39.25 |
| 90 trading days | C$37.13 | C$33.43 – C$41.24 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | — | 0.3900 | — |
| 2026-06-30 | 2026-07-30 | 0.5900 | 0.5400 | +9.3% |
| 2026-03-31 | 2026-04-28 | 1.2300 | 0.6700 | +83.6% |
| 2025-12-31 | 2026-02-05 | 0.5500 | 0.4100 | +34.1% |
| 2025-09-30 | 2025-11-06 | 0.4100 | 0.5700 | -28.1% |
| 2025-06-30 | 2025-07-30 | 0.4700 | 0.5800 | -19.0% |
But Shell’s acquisition closed before the quarter ended. The cash-and-share deal was valued at about C$22 billion, including assumed net debt. That makes this less like a typical earnings preview and raises questions about what results ARC will report and how useful the estimates are after the deal.
Investor takeaway: ARC beat EPS estimates in three of its last four comparable quarters, including C$0.59 versus C$0.54 in the June 2026 quarter. The upcoming C$0.39 estimate is 4.1% below EPS of C$0.41 a year earlier, while revenue is forecast to rise 52.3%. But only one analyst contributed to the EPS estimate, and Shell’s acquisition closed before quarter-end. Treat the calendar figures as a limited reference, not a clear forecast for a continuing TSX-listed company.
C$0.39
That’s the calendar’s EPS estimate for the quarter ended September 30, based on one analyst. It’s 4.1% below the C$0.41 reported a year earlier. Shell’s September 2 acquisition closing is key context for the scheduled report.
Bull case
ARC beat earnings estimates in three of its last four quarters, with especially large surprises in March and December 2025. The revenue estimate also points to strong year-over-year growth. Before the acquisition, ARC reported second-quarter production of 390,465 boe/d and free funds flow of C$349 million. Those figures offer some context for the business entering the deal.
Bear case
Only one analyst contributed to the EPS estimate, so it may not reflect a broad market view. Shell completed the acquisition on September 2, before the quarter ended, and ARC says it was later delisted from the TSX. That makes the usual comparison between an estimate and a public-company earnings report less straightforward. The C$0.39 estimate is also below last year’s EPS, and ARC missed estimates in one of its last four quarters.
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