CALGARY, AB, April 29, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 232,666,690 common shares representing 39.60% of Whitecap's issued and outstanding common shares were voted in connection with the meeting.
At the meeting, by ordinary resolution, the number of directors to be elected at the meeting was fixed at nine. The results of the ballot were as follows:
CALGARY, AB, April 23, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2025.
Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related management's discussion and analysis for the three months ended March 31, 2025 which are available at www.sedarplus.ca and on our website at www.wcap.ca.
CALGARY, AB, April 15, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of April operations will be paid on May 15, 2025 to shareholders of record on April 30, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
In addition, Whitecap announces that it intends to release its first quarter 2025 results after market close on Wednesday, April 23, 2025 and has scheduled a conference call and webcast to begin promptly at 9:00 am MT (11:00 am ET) on Thursday, April 24, 2025.
CALGARY, AB, March 13, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of March operations will be paid on April 15, 2025 to shareholders of record on March 31, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
About WhitecapWhitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable production growth combined with sustainable dividends to shareholders. Our objective is to fully fund our capital expenditures and dividend payments within funds flow. For further information about Whitecap, please visit our website at www.wcap.ca.
CALGARY, AB, March 10, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) and Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan and will leverage the combined asset base and technical expertise to drive improved profitability and superior returns to shareholders.
CALGARY, AB, Feb. 19, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the three months and year ended December 31, 2024.
Selected financial and operating information is outlined below and should be read with Whitecap's audited annual consolidated financial statements and related management's discussion and analysis for the three months and year ended December 31, 2024 which are available at www.sedarplus.ca and on our website at www.wcap.ca.
CALGARY, AB, Feb. 13, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of February operations will be paid on March 17, 2025 to shareholders of record on February 28, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
In addition, Whitecap announces that it intends to release its fourth quarter and year end 2024 results after market close on Wednesday, February 19, 2025 and has scheduled a conference call and webcast to begin promptly at 9:00 am MT (11:00 am ET) on Thursday, February 20, 2025.
CALGARY, AB, Feb. 3, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to provide the results of our 2024 year end reserves evaluation as prepared by McDaniel & Associates Consultants Ltd. ("McDaniel").
2024 was a strong operational and financial year for Whitecap, driven by the successful execution of our organic drilling program. Our annual production of 174,255 boe/d1 (65% liquids) was significantly above our initial expectations for the year, with the outperformance primarily driven by initial production results from our key assets including the Montney at Musreau, Duvernay at Kaybob, Glauconite in Central Alberta and Frobisher in East Saskatchewan. Our base production also outperformed our expectations through lower declines, production optimization and additional egress capacity.
CALGARY, AB, Jan. 15, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of January operations will be paid on February 18, 2025 to shareholders of record on January 31, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
About WhitecapWhitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable production growth combined with sustainable dividends to shareholders. Our objective is to fully fund our capital expenditures and dividend payments within funds flow. For further information about Whitecap, please visit our website at www.wcap.ca.
CALGARY, AB, Jan. 2, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that the partial working interest disposition of its 15-07 Kaybob Complex for $420 million to Pembina Gas Infrastructure ("PGI") closed on December 31, 2024. Proceeds have been used to reduce net debt to below $1 billion1, resulting in a Debt to EBITDA ratio2 of only 0.5 times and over $1.6 billion of unused debt capacity. This low leverage combined with ample liquidity, positions Whitecap well heading into 2025 for another year of robust shareholder returns including enhanced per share growth metrics.
CALGARY, AB, Dec. 16, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to provide an operational update for the fourth quarter of 2024. Our fourth quarter production is now forecast to average approximately 175,500 boe/d (65% liquids)1 compared to our previous guidance of 170,000 boe/d based on 2024 average production guidance of 172,500 boe/d. Full year production is expected to average 174,000 boe/d which is 9,000 boe/d, or 5% above our original budget of 162,000 – 168,000 boe/d that was set in October 2023. Our annual production per share growth2 in 2024 is expected to be 13%, significantly above our targeted 3% – 8% annually. Operational outperformance has been driven by new wells exceeding type curve expectations, base production optimizations, timing of production adds, and lower than forecasted downtime.
CALGARY, AB, Nov. 14, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of November operations will be paid on December 16, 2024 to shareholders of record on November 30, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
About Whitecap
Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable production growth combined with sustainable dividends to shareholders. Our objective is to fully fund our capital expenditures and dividend payments within funds flow. For further information about Whitecap, please visit our website at www.wcap.ca.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, AB , Nov. 1, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully closed the previously announced offering of $400 million aggregate principal amount of senior unsecured notes due November 1, 2029 (the "Notes"). The Notes have been issued at par for gross proceeds of $400 million and will bear interest at a fixed rate of 4.382% per annum. The net proceeds will be used to repay existing indebtedness. The Notes have also been assigned a rating of BBB (low), with a stable trend, by Morningstar DBRS.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, AB, Oct. 25, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has priced an offering of $400 million aggregate principal amount of senior unsecured notes due November 1, 2029 (the "Notes"). The Notes will be issued at par for gross proceeds of $400 million and will bear interest at a fixed rate of 4.382% per annum. The net proceeds will be used to repay existing indebtedness.
CALGARY, AB, Oct. 23, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2024.
Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2024 which are available at www.sedarplus.ca and on our website at www.wcap.ca.
CALGARY, AB, Oct. 15, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of October operations will be paid on November 15, 2024 to shareholders of record on October 31, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
In addition, Whitecap announces that it intends to release its third quarter 2024 results before market open on Wednesday, October 23, 2024 and has scheduled a conference call and webcast to begin promptly at 9:00 am MT (11:00 am ET) on Wednesday, October 23, 2024.
CALGARY, AB, Sept. 19, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce operational highlights that demonstrate continued production momentum and closing of our new unsecured credit facilities concurrent with the release of our investment grade credit rating.
Operations Update
Whitecap has had excellent operational success in the first half of 2024 and the outperformance continues in the third quarter with our base level of production exceeding expectations along with our team's ability to mitigate downtime during planned and unplanned events. The operational success achieved year to date is forecasted to result in annual production close to the high end of our 167,000 – 172,000 boe/d1 guidance.
CALGARY, AB, Sept. 16, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of September operations will be paid on October 15, 2024 to shareholders of record on September 30, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
About Whitecap
Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable production growth combined with sustainable dividends to shareholders. Our objective is to fully fund our capital expenditures and dividend payments within funds flow. For further information about Whitecap, please visit our website at www.wcap.ca.
CALGARY, AB, Aug. 15, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of August operations will be paid on September 16, 2024 to shareholders of record on August 31, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
About WhitecapWhitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable production growth combined with sustainable dividends to shareholders. Our objective is to fully fund our capital expenditures and dividend payments within funds flow. For further information about Whitecap, please visit our website at www.wcap.ca.
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