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Encana operating profit falls on low gas volumes, oil prices

2015-02-26 04:57:05| Oil & Gas - Topix.net

Encana Corp , Canada's largest natural gas producer, reported an 84.5 percent drop in operating profit for the fourth quarter, hurt by a fall in natural gas production and weak oil prices. The Calgary-based company's operating profit, which excludes most one-time items, fell to $35 million, or 5 cents per share, in the three months ended Dec. 31, from $226 million, or 31 cents, a year earlier.

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