Encana’s 3Q16 cash flow
For 3Q16, Encana (ECA) reported cash flows of $0.22 per share, which is lower by ~59% when compared with 3Q15.
As seen in the above chart, Encana’s cash flows started to fall in 2Q14 when natural gas (UNG) prices topped. In 2015, Encana reported lower cash flows when compared with preceding years. In 1Q16, Encana reported the lowest ever cash flow since 2010. For 3Q16, Encana reported free cash flow of -$0.02 per share.
Other upstream players
Due to the steep downward trend in energy prices, most S&P 500 (SPY) energy companies have reported lower year-over-year cash flows. Southwestern Energy (SWN), Murphy Oil (MUR), and Range Resources (RRC) reported $0.36 per share, $0.96 per share, and $0.18 per share, respectively, in cash flows in 3Q16.