Ovintiv

Ovintiv, Inc. engages in the production and development of oil, natural gas liquids and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. The Market Optimization segment’s activities are managed by the Midstream, Marketing & Fundamentals team, which is responsible for the sale of the company’s proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.

Earnings data Q1 2021

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Earnings data Q4 2024

Ovintiv (OVV) exceeds Q2 earnings expectations, emphasizes sustainable growth

Ovintiv's Q2 2024 earnings call showcased impressive financial performance, strategic focus on sustainable growth, and commitment to shareholder returns. While facing inquiries on operational aspects and financial strategies, the company remains poised to leverage opportunities for value creation and operational excellence.

Ovintiv reports robust Q3 earnings, eyes growth through efficiency

Ovintiv delivered a strong Q3 performance with robust financial results and operational excellence, positioning the company for sustainable growth and profitability.
While facing challenges in capital structure optimization and strategic decision-making, Ovintiv has opportunities to drive growth through operational efficiencies and strategic initiatives.
By maintaining production guidance, capital spending discipline, and a focus on asset performance, Ovintiv demonstrates resilience and a commitment to creating long-term value for shareholders.

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Ovintiv, Inc. engages in the production and development of oil, natural gas liquids and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations, and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. The Market Optimization segment’s activities are managed by the Midstream, Marketing & Fundamentals team, which is responsible for the sale of the company’s proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.

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Ovintiv (OVV) reported earnings 30 days ago. What's next for the stock?

Ovintiv (OVV) Up 11.6% Since Last Earnings Report: Can It Continue?

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Ovintiv (OVV) expects CapEx of $590-$630 million for Q2 and $2.6-$2.9 billion for 2023, with crude oil and condensate volumes of 170,000-174,000 bpd and natural gas production of 1,525-1,575 MMcf/d.

Ovintiv (OVV) Q1 Earnings Miss Estimates, Revenues Beat

DENVER , May 16, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced that it has priced an offering (the "Notes Offering") of $600,000,000 in aggregate principal amount of 5.650% senior notes due 2025 (the "2025 Notes"), $700,000,000 in aggregate principal amount of 5.650% senior notes due 2028 (the "2028 Notes"), $600,000,000 in aggregate principal amount of 6.250% senior notes due 2033 (the "2033 Notes") and $400,000,000 in aggregate principal amount of 7.100% senior notes due 2053 (the "2053 Notes", and together with the 2025 Notes, the 2028 Notes and the 2033 Notes, the "Notes"). The price to the public for the Notes is 99.994% of the principal amount for the 2025 Notes, 99.973% of the principal amount for the 2028 Notes, 99.793% of the principal amount for the 2033 Notes and 99.796% of the principal amount for the 2053 Notes.

Ovintiv Prices Offering of Senior Notes

DENVER , May 11, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today released its 2022 Sustainability Report, highlighting its progress and performance on several key sustainability initiatives related to emissions reductions, social responsibility and corporate governance. "Ovintiv continues to drive real and measurable environment, social and governance progress," said Ovintiv President and CEO Brendan McCracken.

Ovintiv Announces Release of 2022 Sustainability Report

Ovintiv Inc. has had another strong quarter as they ride on the momentum of Q4 in 2022. Announcing the acquisition of new land where there is strong potential for a high-margin production creates a tailwind.

Ovintiv: Shareholder-Friendly Company With Solid Assets

Ovintiv, Inc. (NYSE:OVV ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants Jason Verhaest - IR Brendan McCracken - President, CEO & Director Gregory Givens - EVP & COO Corey Code - EVP & CFO Conference Call Participants Doug Leggate - Bank of America Merrill Lynch Joshua Silverstein - UBS Neal Dingmann - Truist Securities Nicholas Pope - Seaport Research Partners Arun Jayaram - JPMorgan Chase & Co. Noel Parks - Tuohy Brothers Investment Research Gabriel Daoud - TD Cowen Operator Good morning, ladies and gentlemen. Thank you for standing by.

Ovintiv, Inc. (OVV) Q1 2023 Earnings Call Transcript

Ovintiv (OVV) came out with quarterly earnings of $1.82 per share, missing the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $2.17 per share a year ago.

Ovintiv (OVV) Q1 Earnings Lag Estimates

The headline numbers for Ovintiv (OVV) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Ovintiv (OVV) Q1 Earnings: A Look at Key Metrics

Operational Outperformance Underpins Strong Financial Results First Quarter 2023 Highlights: Generated net earnings of $487 million, cash from operating activities of $1,068 million, Non-GAAP Cash Flow of $851 million and Non-GAAP Free Cash Flow of $241 million after capital expenditures of $610 million Returned $300 million to shareholders through the combination of base dividend payments and share buybacks Commodity marketing strategy delivered total company average realized oil and condensate price of 97% of WTI and realized natural gas price of 111% of NYMEX, including hedges Announced a 20% increase in quarterly dividend payments to $0.30 per share, effective for the June 2023 record date Exceeded Company's first quarter production guidance on every product with average total production volumes of 511 thousand barrels of oil equivalent per day ("MBOE/d"), including 166 thousand barrels per day ("Mbbls/d") of oil and condensate, 86 Mbbls/d of other NGLs (C2 to C4) and 1,555 million cubic feet per day ("MMcf/d") of natural gas Recent Developments: On April 3, announced the acquisition of core Midland Basin assets, including approximately 65,000 net acres of largely undeveloped resource with approximately 1,050 net well locations in a cash and stock transaction valued at approximately $4.275 billion, before closing adjustments On April 3, announced the disposition of the Company's Bakken assets for proceeds of approximately $825 million, in cash, before closing adjustments DENVER , May 9, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its first quarter 2023 financial and operating results. The Company plans to hold a conference call and webcast at 9:00 a.m.

Ovintiv Reports First Quarter 2023 Financial and Operating Results

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Ovintiv (OVV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Ovintiv (OVV) to Report a Decline in Earnings: What to Look Out for

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DENVER , April 13, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its first quarter 2023 results conference call at 9:00 a.m. MT, on Wednesday May 10, 2023.

Ovintiv to Host its First Quarter 2023 Results Conference Call and Webcast on May 10, 2023

Investment firm Dodge & Cox disclosed earlier this week it upped its stake in Ovintiv Inc. ( OVV , Financial) by 25.34%.

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Ovintiv is buying 3 Permian companies and selling one Bakken Company. OVV stock rose 11% on the day of the announcement of the deal.

Ovintiv Pays Up, Implying Significant Upside For Discounted Small-Cap Energy Stocks

Ovintiv (OVV) is set to strengthen its position in the Permian Basin and boost its overall production capacity with the acquisition of Core Midland Basin Assets.

Ovintiv (OVV) to Acquire Midland Basin Assets for $4.275B

The cash-and-stock deal sees Ovintiv issue 36 million shares and $3.13 billion in cash to asset manager EnCap Investments L.P.

Ovintiv Doubles Down on Permian Basin With Big Acquisition

Ovintiv announced it has entered into a definitive purchase agreement to acquire substantially all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy, and Piedra Resources (NMB sellers), which are portfolio companies of funds managed by EnCap Investments L.P. in a cash and stock transaction valued at approximately $4.275 billion.

Ovintiv Buying Core Midland Basin Assets For $4.275 Billion

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