Did Encana Generate Positive Free Cash Flow in 1Q18?

For 1Q18, Encana (ECA) reported an operating cash flow of ~$381 million, which is lower compared to Wall Street analysts’ expectation of ~$402 million. On a YoY (year-over-year) basis, Encana’s 1Q18 operating cash flow was ~259% higher from ~$106 million in 1Q17. On a sequential basis, Encana’s 1Q18 operating cash flow was ~3% higher from ~$369 million generated in 4Q17.