Husky has achieved first oil at the Spruce Lake Central thermal project in Saskatchewan and is moving towards startup of the Liuhua 29-1 field at the Liwan Gas Project. Spruce Lake Central, Husky’s sixth 10,000-barrel-per-day thermal bitumen project since 2015, has been completed safely, on schedule and on budget with enhanced COVID-19 health protocols in place. In the Asia Pacific region, the tie-in of the Liuhua 29-1 [...]
Husky Energy has agreed to issue pursuant to a public offering $1.25 billion Cdn of notes, which will mature on February 7, 2028 . The 2028 Notes have a coupon of 3.50% and have been rated BBB with a negative trend by DBRS Limited, BBB by Standard & Poor’s, a division of S&P Global Inc., and Baa2 by Moody’s Investor Services Inc. The net proceeds of this offering will be used for general corporate purposes, which may [...]
Husky Energy today released its 2020 ESG Report, including a GHG emissions intensity reduction target of 25% by 2025 and a gender diversity target of 25% women in senior leadership roles. The report also addresses Husky’s aspiration to be net zero by 2050. Additional highlights of Husky’s 2019 ESG performance include: Improved safety performance, including achievement of Husky’s lowest Total Recordable Injury Rate to [...]
Husky Energy’s Board of Directors has approved a quarterly dividend of $0.0125 per common share for the three-month period ended June 30, 2020. The dividend will be payable on October 1, 2020 to shareholders of record at the close of business on September 1, 2020. Regular dividend payments on each of the Cumulative Redeemable Preferred Shares – Series 1, Series 2, Series 3, Series 5 and Series 7 – will be paid for the [...]
This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “operating margin”, “sustaining capital”, “net debt to trailing funds from operations” and “refining and marketing margin”. Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta, July 30, 2020 -- Husky Energy recorded funds from operations of $18 million in the [...]
Husky Energy will release its second quarter 2020 results before markets open on Thursday, July 30, 2020. A conference call will be held the same day beginning at 9 a.m. Mountain Time . CEO Rob Peabody, CFO Jeff Hart and other members of the senior executive team will participate in the call. To listen live: Canada and U.S. Toll Free: 1-800-319-4610 Outside Canada and U.S.: 1-604-638-5340 To listen to a recording Canada [...]
Husky Energy announces that 212,461 Cumulative Redeemable Preferred Shares, Series 7 were tendered for conversion, which is less than the one million shares required to give effect to conversion into Cumulative Redeemable Preferred Shares, Series 8 . As a result, none of the Series 7 Shares will be converted into Series 8 Shares on June 30, 2020. Investor and Media Inquiries: Leo Villegas, Senior Manager, Investor [...]
Husky Energy is providing notice that the Company does not intend to exercise its right to redeem its Cumulative Redeemable Preferred Shares, Series 7 on June 30, 2020. As a result, subject to certain conditions, the holders of Series 7 Shares have the right to choose one of the following options with regard to their shares: retain any or all of their Series 7 Shares and continue to receive an annual fixed-rate dividend [...]
At its Annual and Special Meeting of Shareholders held on April 29, 2020, Husky Energy Inc. announced the election of 16 nominees proposed for its Board of Directors as listed in the Management Information Circular dated March 24, 2020. KPMG LLP was appointed as auditors of the Corporation until the close of the next Annual Meeting of Shareholders. The amendments to By-Law No. 1 of the Corporation were confirmed. Votes [...]
Husky Energy’s Board of Directors has approved a reduction to the quarterly dividend to $0.0125 per common share for the three-month period ended March 31, 2020. The dividend will be payable on July 2, 2020 to shareholders of record at the close of business on June 9, 2020. Regular dividend payments on each of the Cumulative Redeemable Preferred Shares – Series 1, Series 2, Series 3, Series 5 and Series 7 – will be paid [...]
This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “operating margin” and “net debt to trailing funds from operations.” Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta, April 29, 2020 -- Husky Energy recorded funds from operations of $25 million in the first quarter, with cash flow from operating activities [...]
2020 capital expenditures cut ~50% from December 2019 guidance Liquidity increased by $500 million to $5.2 billion Integrated Corridor upstream production reduced by over 80,000 bbls/day / U.S. refinery throughput reduced Protection of workers and communities remains top priority CALGARY, Alberta, April 20, 2020 -- Husky Energy is significantly reducing capital expenditures and shutting in negative cash margin production [...]
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