BMO Capital Markets maintained its outperform rating on the shares of ARC Resources (ARX.TO) while trimming its price target to C$28.00 from C$29.00 after the Western Canadian natural-gas producer last week reported fourth-quarter results.

"ARX delivered a strong Q4/25 driven by record production and strong realizations, though the print was overshadowed by a negative update for Attachie. However, management maintained 2026 guidance, citing offsetting strength across the broader portfolio. We expect Attachie production may soften further until the technical review

concludes, but note the asset represents only ~7% of expected 2026 production and ~9% of cash flow. In our view, the decision to withdraw Attachie-specific guidance underscores a more disciplined approach to forward expectations following past missteps," analyst Randy Ollenberger wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 23.60, Change: +0.60, Percent Change: +2.61