July 24, 2008 / 10:21 AM / in 9 years

EnCana's Q2 profit drops 16 percent

TORONTO (Reuters) - EnCana Corp ECA.TO said on Thursday its second-quarter fell 16 percent due mostly to a $235 million after-tax loss related to risk management activities, but boosted its 2008 cash flow outlook buoyed by soaring natural gas production.

EnCana, which is preparing to split into two separate oil and gas producers, earned $1.22 billion, or $1.63 a share for the quarter ended June 30, down from year-earlier $1.45 billion, or $1.89 a share.

($1=$1.01 Canadian)

Reporting by Scott Anderson; Editing by Ka Yan Ng

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below