Enerplus Corporation
ERF.TO
Toronto Stock Exchange26.78
CAD
-0.93
- -
Enerplus Corporation
ERF.TO
(Toronto Stock Exchange)
Recent
price
26.78
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Enerplus Corporation is an oil and gas exploration and production company focused primarily on crude oil and natural gas reserves in key basins across the United States and Canada. The company’s core products and services include exploration, development, and production of crude oil and natural gas resources; operating a diversified portfolio of mature oil and gas properties with steady production profiles; and delivering income-generating energy assets. Enerplus’s operations are concentrated in regions such as the Williston Basin, where it owns substantial acreage and produces significant volumes of oil and gas. The company serves markets in North America, primarily targeting energy buyers and investors interested in upstream oil and gas E&P operations. Founded in 1986, Enerplus is headquartered in Calgary, Alberta, Canada. A major recent change for Enerplus Corporation is its acquisition by U.S.-based Chord Energy Corporation, completed in May 2024, in an approximately $11 billion strategic transaction comprising 90% stock and 10% cash. This combination created a premier Williston Basin-focused exploration and production company with a large, low-cost asset base and enhanced free cash flow capabilities. The merger is expected to generate significant synergies, improved operational efficiencies, and an expanded resource inventory of approximately 1.3 million net acres with combined quarterly production reaching near 287,000 barrels of oil equivalent per day. This transaction marks a strategic expansion and integration of Enerplus’s assets into a larger, more diversified upstream energy platform operating predominantly in the United States. Before the merger, Enerplus also focused on acquisitions such as the 2021 purchase of Bruin E&P HoldCo, which augmented its Williston Basin presence. Its product offerings include crude oil production, natural gas extraction, and associated energy services, all driven by advanced exploration and development technologies. The company’s business model emphasized stable cash flow generation from mature assets with predictable production decline profiles. Through the Chord Energy acquisition, Enerplus has transitioned from an independent public entity listed on the Toronto Stock Exchange and New York Stock Exchange to part of a larger public company with a strengthened competitive position in the North American upstream energy sector. Overall, Enerplus delivers upstream oil and natural gas exploration and production across western Canada and key U.S. basins, with an asset portfolio emphasizing stable, income-generating properties. Its recent strategic merger with Chord Energy reflects significant industry consolidation trends aiming to secure extensive reserves, achieve cost reductions, and enhance shareholder returns within a robust midstream and upstream energy supply framework. This description is based on the latest publicly available company details and recent transactional news reported through 2024 and 2025, including the May 2024 completion of the Chord Energy acquisition.