ARC Resources Ltd. (ARX) Earnings Call Transcript & Summary

I move that the nonbinding advisory resolution concerning ARC's approach to executive compensation as set forth in the information circular of ARC dated March 1, 2026, be approved. I second the motion.

Grant, are there any questions?

There are no questions.

Thank you. As we now have concluded the items of business, we will pause for a moment to allow shareholders to complete the online ballot. I'm advised by the scrutineers that all directors receiving the majority of votes in favor of election, and I declare those nominated as duly elected directors of ARC. PWC has been appointed as the auditors of ARC in excess of 97.98% of the votes in favor of C&P vote. Grant, are there any remaining questions from the floor?

We have received a question from Ruth Saldana, who has been appointed by an undisclosed shareholder holding 1,300 common shares of ARC. She asks, ARC has been a leader in sustainability disclosure, so it is surprising to see removal of critical information for investors despite the transition and physical risk of climate change highlighted as increasing risk factors in the 2025 annual report. In the latest climate engagement Canada benchmark, ARC did not meet the metric linking executive compensation and sustainability performance, where years prior, you did. As ARC works through its acquisition by Shell, at time of global uncertainty and commodity price volatility investors would like strong incentive devised oversight competencies connected to transition risk. Page 14 of the circular notes, the Board holds responsibility for climate risk carbon emission goals and measurement and energy transition. Can you disclose an aimed position at Board level with responsibility over these business strategies and risks?

Ruth, every Board member and our management team are responsible for the oversight of our strategy and risks related to our business. As it pertains to ESG matters you identified oversight is held at the highest level of the Board whose collective skills as outlined in the Director of Matrix, ensures exceptional governance of these matters, ultimately, accountability lands with our Board Chair. The chair would entertain a motion that the meeting has been terminated.

I move that this meeting be terminated. I second the motion.

SP1 I declare this meeting terminated, and we'll now turn the meeting over to our CEO, Terry Anderson. Thank you.

Thanks, Mike, and good morning, everyone. I'm going to keep my comments brief as we held our first quarter conference call earlier this morning, a recording of the call is available on our website. Over the past 30 years, we have built an exceptional company defined by our world-class asset base, strong safety culture, commitment to operational excellence and high-performing team. These competitive strengths have translated into strong and sustained operational and financial performance that has created value for our shareholders, our employees and communities. It is the latter that I am especially proud of being able to support causes that matter to our neighbors and our employees, like the $1.5 million donation we made last year to the Dawson Creek Hospital Foundation for an MRI machine. The agreement that we announced earlier this week for Shell to acquire or recognizes the value we have worked hard to deliver and sets the company up to deliver even more as part of Shell's integrated global platform. In closing, thank you to our shareholders for your ongoing support and to our employees management team and directors for their continued dedication in safely executing our business and creating long-term value. Thank you for joining our annual meeting, and have a good day.