Ovintiv Inc (OVV)

NYSE
Currency in USD
44.60
+0.99(+2.27%)
Closed
After Hours
44.30-0.30(-0.67%)

OVV Earnings

Latest Release
Nov 7, 2024
EPS / Forecast
1.92 / 1.16
Revenue / Forecast
2.17B / 2.23B
EPS Revisions
Last 90 days
Release Date
Period End
EPS / Forecast
Revenue / Forecast
EPS Surprise %
Revenue Surprise %
Reaction
12/2024-- / 1.02-- / 2.24B----Free Sign Up
09/20241.92 / 1.162.17B / 2.23B+65.52%-2.69%Free Sign Up
06/20241.27 / 1.332.39B / 2.48B-4.51%-3.63%Free Sign Up
03/20241.24 / 1.432.66B / 2.66B-13.29%0%Free Sign Up
12/20233.11 / 1.943.01B / 3.03B+60.31%-0.66%Free Sign Up
09/20231.47 / 1.782.78B / 2.79B-17.42%-0.36%Free Sign Up
06/20231.34 / 0.942.39B / 2.41B+42.55%-0.83%Free Sign Up
03/20231.97 / 1.812.45B / 2.28B+8.84%+7.46%Free Sign Up
12/20220.93 / 0.932.96B / 2.95B-0.05%+0.34%Free Sign Up
09/20221.44 / 1.443.55B / 3.55B0%0%Free Sign Up

All numbers in USD

Ovintiv Inc Earnings Call Summary for Q3/2024

  • Q3 net earnings of $507M ($1.92/share), cash flow of $978M ($3.70/share), beating estimates; free cash flow at $440M
  • Debt reduced by $210M to $5.88B; targeting $4B mid-cycle debt; 60% of free cash flow returned to shareholders
  • Oil and condensate production at 212,000 bpd; total production 593,000 BOE/day; Q4 projection of 205,000 bpd
  • Capital investment of $538M in Q3; Q4 projection of $550M; focus on maximizing free cash flow and balance sheet strength
  • Positive outlook on LNG Canada startup in 2025; cautious on M&A due to rising valuations; implementing drilling efficiencies
Last Updated: 2024/11/09, 18:12
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