The Calgary-based company’s operating earnings also rose by 25% to $1 billion from $802 million in 2013 despite a 7% slide in overall production.
In the fourth quarter net earnings declined to $198 million from $251 million in the prior year.
Encana chief executive Doug Suttles said the company had beaten its own expectations on the completion of its portfolio transformation.
“Consistent with our strategy to grow higher margin production, we successfully transitioned to a more liquids-weighted portfolio which helped to deliver a marked increase in year-over-year cash flow," he said.
Encana
