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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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.

In 2023, Ovintiv could be a very strong performer. Why? Because its hedged portfolio is now dramatically improved. Ovintiv has been dead money since the summer. But I believe that in the coming quarters, this will change.

Ovintiv: +10% Returns Coming

DENVER , Jan. 17, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2022 fourth quarter and year-end results conference call at 9:00 a.m. MT, on Tuesday February 28, 2023.

Ovintiv to Host its 2022 Fourth Quarter and Year-end Results Conference Call and Webcast on February 28, 2023

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

Why Is Ovintiv (OVV) Down 1.1% Since Last Earnings Report?

Ovintiv's capital allocation is set to improve in 2023. Ovintiv's hedged book in 2023 will be massively improved relative to 2022.

Ovintiv: Hedges Will Roll In 2023, Priced At Approximately 4x FCF

Ovintiv Inc. (NYSE:OVV ) Q3 2022 Results Conference Call November 9, 2022 10:00 AM ET Company Participants Brendan McCracken - Chief Executive Officer Greg Givens - Executive Vice President, Chief Operating Officer Corey Code - Executive Vice President, Chief Financial Officer Jason Verhaest - Investor Relations Conference Call Participants Doug Leggate - Bank of America Jeanine Wai - Barclays Neal Dingmann - Truist Greg Pardy - RBC Capital Markets Menno Hulshof - TD Securities Umang Choudhary - Goldman Sachs Philip Johnston - Capital One Nicholas Pope - Seaport Research Noel Parks - Tuohy Brothers Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Ovintiv's 2022 Third Quarter Results Conference Call.

Ovintiv Inc. (OVV) Q3 2022 Earnings Call Transcript

2022 Total Production Guidance Increased; Strong Returns to Shareholders and Net Debt Reduction Continue Highlights: Generated third quarter net earnings of $1.19 billion, Non-GAAP Cash Flow of $948 million and Non-GAAP Free Cash Flow of $437 million Returned $387 million to shareholders in the third quarter via share buybacks and base dividends Reduced Net Debt by $294 million during the third quarter; $991 million of Net Debt reduction year to date Repurchased approximately $504 million of its senior notes in the open market during the third quarter; this will result in interest savings of approximately $30 million annually Increased full year 2022 total production guidance by five thousand barrels of oil equivalent per day ("MBOE/d") to 505 to 515 MBOE/d Closed the previously announced divestitures of certain Uinta and Bakken assets Received regulatory approval for the renewal of the Company's Normal Course Issuer Bid ("NCIB") program, which enables Ovintiv to purchase, for cancellation or return to treasury, up to approximately 25 million shares of common stock until October 2, 2023 Delivered third quarter total production of 516 MBOE/d, at the high end of Company guidance DENVER, Nov. 8, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its third quarter 2022 financial and operating results. The Company plans to hold a conference call and webcast at 8:00 a.m.

Ovintiv Reports Third Quarter 2022 Financial and Operating Results

Ovintiv's (OVV) third-quarter earnings are expected to have benefited from strong oil and natural gas prices though restricted production might have somewhat dented the positive effect.

Ovintiv (OVV) Q3 Earnings Coming Up: Here's How It Will Fare

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DENVER , Oct. 13, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2022 third quarter results conference call at 8:00 a.m. MT, on Wednesday November 9, 2022.

Ovintiv to Host its Third Quarter 2022 Results Conference Call and Webcast on November 9, 2022

Shares of Ovintiv have risen substantially over the past year, but with a cleaned up balance sheet, there is greater upside. The company has an attractive geographic mix with growth in the Permian and legacy Canadian operations that will benefit from the global need for more LNG.

Having Paid Off Debt, Ovintiv Is Poised For Massive Share Repurchases

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DENVER , Sept. 19, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) released materials associated with its Montney webcast and conference call, planned for today at 9:00 a.m.

Ovintiv Posts Montney Webcast Materials

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DENVER , Sept. 8, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today provided participant details for its upcoming Montney webcast and conference call: Time/Date: 9:00 a.m.

Ovintiv Provides Details on Upcoming Montney Webcast and Conference Call

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DENVER , Sept. 6, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced that Ralph Izzo has been named as an independent member of its Board of Directors, effective September 6, 2022, and that Bruce Waterman will retire from the Board of Directors effective December 31, 2022.

Ovintiv Names Ralph Izzo to its Board of Directors

Ovintiv (OVV) Up 11.8% Since Last Earnings Report: Can It Continue?

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In this article, I start by explaining why I expect oil and gas supply to remain tight based on political and risk-management-related decisions. Ovintiv has turned around its business. Breakeven prices are low, net debt is quickly falling, and free cash flow predictions are promising.

Ovintiv Is A Cash Cow Now

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Ovintiv Inc.'s (OVV) second-quarter earnings lag the consensus mark, while sales outperform the same.

Ovintiv (OVV) Q2 Earnings Miss Estimates, Revenues Beat

The consensus price target hints at a 37% upside potential for Ovintiv (OVV). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 37% Upside in Ovintiv (OVV): Here's What You Should Know

News for Ovintiv Stock (OVV)