ARC recognized for strong share price performance on the 2023 TSX30™
Today, we are proud to announce that ARC has been included in the Toronto Stock Exchange’s TSX30™ for the second consecutive year. The TSX30™ recognizes the 30 top-performing companies on the TSX stocks over a three-year period based on historical dividend-adjusted share price appreciation. ARC appears #26 on the list, acknowledging a 327 per cent appreciation in dividend-adjusted share price and 568 per cent increase in market cap over the period considered.
“We are proud to once again be included on the TSX30™. Delivering shareholder value through long-term profitable growth has been a key tenet of our business,” said Kris Bibby, Senior Vice President and Chief Financial Officer, ARC Resources. “Over the past three years, we have completed a transformational acquisition and sanctioned our next major growth project in Attachie. Today, the benefits of our increased scale have positioned us to capture new business opportunities and deliver significant value to shareholders for the years to come.”
Highlights from this year include the oil and gas sector making up over 50 per cent of the list emphasizing the critical role that Canadian resource companies continue to play at home and abroad, as well as the importance of Canadian energy in the world’s energy mix for years to come.
“The 2023 TSX30 features strong representation from the oil and gas sector, including ARC Resources Ltd., one of Canada’s largest exploration and production companies with a strong ESG focus,” said Loui Anastasopoulos, CEO, Toronto Stock Exchange. “We are proud to celebrate the tremendous success of the TSX30 companies this year.”
“Over the past three years, we have completed a transformational acquisition and sanctioned our next major growth project in Attachie. Today, the benefits of our increased scale have positioned us to capture new business opportunities and deliver significant value to shareholders for the years to come.”
Now in its fifth year, the annual ranking showcases the sustained successes of TSX’s leading issuers and demonstrates the wide range of industries found within Canada’s capital markets – from energy to financial services and beyond. The 2023 TSX30™ is made up of 90 per cent Canadian companies, demonstrating the strength of Canada’s capital markets as a growth platform.
Learn more about the 2023 TSX30.
