Enerplus Corporation (ERF) Q3 2022 Earnings Call Transcript

Nov. 04, 2022 2:09 PM ETEnerplus Corporation (ERF), ERF:CA
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Enerplus Corporation (NYSE:ERF) Q3 2022 Results Conference Call November 4, 2022 11:00 AM ET

Company Participants

Drew Mair - Manager, Investor Relations

Ian Dundas - President and Chief Executive Officer

Wade Hutchings - Senior Vice President and Senior Chief Operating Officer

Jodi Jenson Labrie - Senior Vice President and Chief Financial Officer

Shaina Morihira - Vice President, Finance

Conference Call Participants

Greg Pardy - RBC Capital Markets

Jeoffrey Lambujon - Tudor Pickering Holt & Co.

Travis Wood - National Bank Financial

Jamie Kubik - CIBC


Good day, ladies and gentlemen and welcome to Enerplus Q3 2022 Results Conference Call. [Operator Instructions] This call is being recorded on Friday, November 4th, 2022.

I would now like to turn the call over to Drew Mair, Manager of Investor Relations. Please go ahead.

Drew Mair

Thank you, Operator, and good morning, everyone. Thank you for joining the call. Before we get started, please take note of the advisories located at the end of our third quarter news release. Our financials have been prepared in accordance with U.S. GAAP. Our production volumes are reported on a net after deduction of royalty basis and our financial figures are in U.S. dollars unless otherwise specified.

I am here this morning with Ian Dundas, our President and Chief Executive Officer; Wade Hutchings, Senior VP and Senior Chief Operating Officer; Jodi Jenson Labrie, Senior VP and Chief Financial Officer; and Shaina Morihira, VP, Finance. Following our discussion, we will open up the call for questions.

With that, I will turn it over to Ian.

Ian Dundas

Well, good morning, everyone. Thank you for joining us today. Our positive operating momentum continued -- this year continued through the third quarter. Total volumes were up 15% from second quarter with liquids production up 20%, outperforming our forecast. We expect the strong production to continue through the end of the

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