Ovintiv Inc. (DE)
36.90+0.29 (+0.79%)
Oct 29, 4:00:02 PM EDT · NYSE · OVV · USD
Key Stats
Market Cap
9.48BP/E (TTM)
16.26Basic EPS (TTM)
2.27Dividend Yield
0.03%Recent Filings
8-K
Ovintiv renews share buyback
Ovintiv Inc. renewed its normal course issuer bid on September 29, 2025, securing Toronto Stock Exchange approval to repurchase up to 22,287,709 common shares—10% of its public float—from October 3, 2025, to October 2, 2026. This aligns with the company's capital framework, committing at least 50% of post-base dividend non-GAAP free cash flow to shareholders via buybacks and dividends. Under the prior program, it bought 7,836,011 shares at a weighted average of US$38.80 each. Forward-looking plans hinge on cash flow generation amid commodity volatility.
10-Q
Q2 FY2025 results
Ovintiv posted Q2 revenues of $2.3B, up 1% y/y, driven by higher natural gas prices that lifted earnings to $307M or $1.18 diluted EPS, down slightly from $340M or $1.27 y/y amid softer oil realizations. Operating income dipped to $511M from $556M y/y, with gross margins holding steady as transportation costs rose on Montney volumes, yet efficiencies trimmed operating expenses 8% y/y. Cash from operations hit $1.0B, funding $521M capex and $147M share buybacks; free cash flow (derived) of $492M bolstered liquidity at $3.2B, with total debt at $5.3B after redeeming $600M notes. The January Montney Acquisition added 109,000 net acres for $2.3B cash, recognizing $2.3B proved properties and $162M unproved, while Uinta divestiture fetched $1.9B. Volatility in commodity prices remains a key risk.
8-K
Ovintiv boosts output, cuts capex
Ovintiv Inc. reported Q2 2025 results with production hitting 615 MBOE/d, exceeding guidance across all products, while generating $913 million in Non-GAAP Cash Flow and $392 million in Non-GAAP Free Cash Flow after $521 million in capital spending. The company slashed full-year capital guidance to $2.125-$2.175 billion yet boosted production outlook to 600-620 MBOE/d, signaling sharper efficiency from Montney integration and well performance. It returned $223 million to shareholders via dividends and buybacks. Net debt dropped to $5.31 billion.
8-K
Investor presentation released
10-Q
Q1 FY2025 results
Ovintiv posted a Q1 net loss of $159 million, or $0.61 per diluted share, swinging from $338 million profit last year, hammered by a $730 million non-cash impairment in Canadian operations from softer trailing prices. Total revenues edged up 1% y/y to $2,377 million on stronger natural gas pricing (up 35% to $2.98/Mcf) and Montney acquisition boosts, though oil volumes dipped 12% y/y to 150.5 Mbbls/d after the Uinta sale; operating loss hit $89 million versus $494 million income, with net loss diverging mainly from the impairment and $97 million FX losses on swaps. Cash from operations surged 33% y/y to $873 million, funding $617 million capex and $78 million dividends, while free cash flow (derived) of $256 million supported the $2.308 billion all-cash Montney buy closed January 31, 2025, adding 109,000 net acres in liquids-rich Alberta Montney with $2,292 million in proved properties. Liquidity stands solid at $3.5 billion, backed by $8 million cash and full $3.5 billion credit availability, no covenant issues. Debt totals $5,538 million, with $1,144 million current. Volatility in commodity prices remains a key watch point.
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