ARC Resources Ltd.

TSX:ARX Stock Report

Market Cap: CA$17.3b

ARC Resources Future Growth

Future criteria checks 0/6

ARC Resources's earnings are forecast to decline at 4.6% per annum while its annual revenue is expected to grow at 1% per year. EPS is expected to grow by 3.6% per annum. Return on equity is forecast to be 12.1% in 3 years.

Key information

-4.6%

Earnings growth rate

3.64%

EPS growth rate

Oil and Gas earnings growth9.4%
Revenue growth rate1.0%
Future return on equity12.06%
Analyst coverage

Good

Last updated01 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 25

ARX: Future Cash Returns Will Rely On Execution And Capital Returns

Narrative Update on ARC Resources The updated analyst model lifts the fair value estimate for ARC Resources by about CA$1 to roughly CA$31.21. This reflects analyst expectations for slightly higher revenue growth, a stronger profit margin profile, and a lower future P/E multiple.
Narrative Update • Apr 10

ARX: Future Cash Returns Will Depend On Steady Execution And Buybacks

ARC Resources' analyst price target has shifted modestly higher to CA$30.29 from CA$29.71 as analysts factor in updated fair value assumptions alongside recent mixed target changes and ratings moves across the Street. Analyst Commentary Recent Street research around ARC Resources shows a mix of optimism and caution, which feeds into the modest upward move in the consensus price target.
New Narrative • Apr 09

Global LNG Exposure And Attachie Uncertainty Will Shape Future Cash Flow Concentration

Catalysts About ARC Resources ARC Resources is a Canadian energy producer focused on natural gas and condensate development in the Montney resource play. What are the underlying business or industry changes driving this perspective?
Narrative Update • Mar 26

ARX: Future Cash Returns Will Rely On Steady Execution And Balanced Capital Returns

ARC Resources' updated fair value estimate has shifted to CA$29.71 from CA$28.68, as analysts factor in recent price target cuts and downgrades while maintaining broadly similar assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research on ARC Resources has leaned more cautious, with several firms adjusting price targets and ratings.
New Narrative • Mar 25

Long LNG Demand And Montney Reserves Will Support Stronger Future Cash Flows

Catalysts About ARC Resources ARC Resources is a Canadian energy producer focused on natural gas and condensate development in the Montney resource play. What are the underlying business or industry changes driving this perspective?
Narrative Update • Mar 09

ARX: Future Cash Returns Will Depend On Execution Amid Cautious Bank Downgrades

Analysts have trimmed their average price target on ARC Resources by a few Canadian dollars to reflect a slightly lower fair value estimate of about CA$28.68, citing a series of recent downgrades and target cuts from major Canadian banks. Analyst Commentary Recent research on ARC Resources has shifted toward a more cautious stance, with several firms trimming price targets and some moving to more neutral or bearish ratings.
Narrative Update • Feb 23

ARX: Future Cash Returns Will Rely On Higher Margins Despite Softer Outlook

Analysts have trimmed their fair value estimate for ARC Resources to CA$28.63 from CA$29.33, reflecting recent cuts to Street price targets and updated views on slightly softer revenue growth, a higher profit margin profile, and a lower future P/E multiple. Analyst Commentary Recent Street research on ARC Resources has tilted more cautious, with several firms trimming price targets and some moving to more conservative ratings.
Narrative Update • Feb 09

ARX: Future Cash Returns Will Rely On Higher Payouts Despite Cautious Ratings

Analysts have trimmed their price targets on ARC Resources by about C$1, reflecting updated assumptions for slightly lower revenue and profit margins, as well as a modestly higher discount rate and future P/E. Analyst Commentary Recent Street research on ARC Resources has tilted more cautious, with several bearish analysts lowering ratings and price targets while still recognizing some supportive elements in the valuation and earnings setup.
Narrative Update • Jan 25

ARX: Higher Dividend And Buybacks Will Support Future Cash Return Potential

Analysts have trimmed their average price target on ARC Resources by about C$1 to C$2 to reflect slightly lower fair value estimates and modestly reduced future P/E assumptions, while still incorporating relatively stable views on growth, margins and discount rates. Analyst Commentary Recent Street research on ARC Resources points to a slightly more cautious tone on valuation, with price targets trimmed by C$1 to C$2 while ratings remain supportive.
Narrative Update • Jan 09

ARX: Higher Dividend And Buybacks Will Support Stronger Future Shareholder Returns

Narrative Update Analysts have trimmed their price target on ARC Resources to C$30 from C$32 as they reset expectations around revenue growth, profit margins, and future P/E assumptions. They still see support for a fair value estimate near $31.05.
Analysis Article • Dec 19

ARC Resources' (TSE:ARX) Dividend Will Be Increased To CA$0.21

ARC Resources Ltd. ( TSE:ARX ) will increase its dividend from last year's comparable payment on the 15th of January to...
Narrative Update • Dec 14

ARX: Dividend Hike And Buybacks Will Drive Stronger Future Shareholder Returns

Analysts have trimmed their price targets on ARC Resources, with recent revisions including cuts from C$35 to C$33 and from C$32 to C$30. They cited modestly softer growth assumptions, which are partly offset by slightly stronger margin expectations.
Narrative Update • Nov 28

ARX: Dividend Boost And Share Buybacks Will Drive Upside Momentum

Analysts have lowered their price target for ARC Resources from approximately C$31.58 to C$30.94. This change reflects recent downward adjustments due to expectations of lower profit margins and moderated revenue growth.
Narrative Update • Nov 14

ARX: Dividend Increase And Index Inclusion Will Drive Further Upside

ARC Resources' analyst price target has been reduced slightly from C$32.33 to C$31.58, as analysts cite more modest revenue growth expectations, partially offset by an improved profit margin outlook. Analyst Commentary Recent Street research on ARC Resources reflects a mix of optimism and caution regarding the company's valuation and growth prospects.
Narrative Update • Oct 31

ARX: Buyback Plan And Index Addition Will Drive Shareholder Returns

Analysts have slightly lowered their price target for ARC Resources to C$33 from C$35. They cite modest revisions to fair value and profitability expectations following a recent update to their financial models.
Analysis Article • Oct 20

ARC Resources Ltd.'s (TSE:ARX) Shares Not Telling The Full Story

ARC Resources Ltd.'s ( TSE:ARX ) price-to-earnings (or "P/E") ratio of 9.6x might make it look like a buy right now...
Narrative Update • Oct 17

Kakwa Integration And LNG Canada Will Fuel Future Upside

ARC Resources’ analyst price target has been lowered slightly from C$35 to C$33. Analysts cite a more cautious outlook driven by modest declines in forecast fair value, revenue growth, and profit margins.
Narrative Update • Oct 03

Kakwa Integration And LNG Canada Will Fuel Future Upside

Analysts have lowered their price target for ARC Resources from C$35 to C$33. They cited modest shifts in revenue growth assumptions and an updated profit margin outlook as key factors for the revision.
Narrative Update • Sep 16

Kakwa Integration And LNG Canada Will Fuel Future Upside

Consensus analyst targets for ARC Resources were marginally revised lower, primarily reflecting updated commodity price assumptions and sector outlooks despite ongoing confidence in the company’s strong operational performance and capital returns, resulting in a minimal price target reduction from CA$33.94 to CA$33.82. Analyst Commentary Bullish analysts cited consistent operational performance and reaffirmed positive outlooks, reflected in maintained Outperform/Buy ratings despite minor target reductions or increases.
Analysis Article • Jun 22

Is ARC Resources (TSE:ARX) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • May 31

ARC Resources Ltd.'s (TSE:ARX) Shares Not Telling The Full Story

With a price-to-earnings (or "P/E") ratio of 12.5x ARC Resources Ltd. ( TSE:ARX ) may be sending bullish signals at the...
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New Narrative • Nov 25

Attachie's Growth Surge Powers Strong Revenue And Margin Expansion With Rising Profitability

Strategic initiatives like Attachie Phase 1 and U.S. market redirection boost margins and positively impact future earnings.

Earnings and Revenue Growth Forecasts

TSX:ARX - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20286,8131,4341,3603,5254
12/31/20276,5741,6211,5063,6548
12/31/20267,1711,7691,8103,7386
3/31/20266,3961,4551,1953,131N/A
12/31/20256,0761,2751,2033,094N/A
9/30/20255,8541,3861,2883,076N/A
6/30/20255,6871,5001,1392,881N/A
3/31/20255,4251,3439402,725N/A
12/31/20245,0991,1245162,349N/A
9/30/20245,0641,2603762,397N/A
6/30/20245,2531,1685142,482N/A
3/31/20245,3081,2076382,490N/A
12/31/20235,6551,5975562,394N/A
9/30/20236,4121,8318962,574N/A
6/30/20237,1412,4631,4243,073N/A
3/31/20238,2992,9472,0343,615N/A
12/31/20228,6412,3022,4053,833N/A
9/30/20228,2572,2392,2003,624N/A
6/30/20227,7091,4251,8133,135N/A
3/31/20226,5835391,2342,499N/A
12/31/20215,1117879522,007N/A
9/30/20213,7062297811,539N/A
6/30/20212,4131105571,098N/A
3/31/20211,389189448739N/A
12/31/20201,134-547320656N/A
9/30/20201,098-678222621N/A
6/30/20201,085-66987597N/A
3/31/20201,161-53152694N/A
12/31/20191,222-28N/A639N/A
9/30/20191,215142N/A697N/A
6/30/20191,332245N/A777N/A
3/31/20191,384104N/A792N/A
12/31/20181,396214N/A863N/A
9/30/20181,412128N/A834N/A
6/30/20181,288131N/A752N/A
3/31/20181,242301N/A681N/A
12/31/20171,209389N/A673N/A
9/30/20171,186482N/A636N/A
6/30/20171,156462N/A647N/A
3/31/20171,072280N/A670N/A
12/31/2016975201N/A631N/A
9/30/2016933-21N/A647N/A
6/30/2016944-284N/A655N/A
3/31/20161,027-277N/A696N/A
12/31/20151,090-343N/A689N/A
9/30/20151,218-174N/A804N/A
6/30/20151,425151N/A907N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ARX's earnings are forecast to decline over the next 3 years (-4.6% per year).

Earnings vs Market: ARX's earnings are forecast to decline over the next 3 years (-4.6% per year).

High Growth Earnings: ARX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ARX's revenue (1% per year) is forecast to grow slower than the Canadian market (4.8% per year).

High Growth Revenue: ARX's revenue (1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ARX's Return on Equity is forecast to be low in 3 years time (12.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 03:05
End of Day Share Price 2026/05/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ARC Resources Ltd. is covered by 33 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Cormark
Grant HoferBarclays