OVV - Earnings announcements

Efficiency, Best-in-Class Inventory, and Clean Balance Sheet Delivering Superior ReturnsHighlights:Generated first quarter cash from operating activities of $1.1 billion, Non-GAAP Cash Flow of $1.2 billion and Non-GAAP Free Cash Flow of $634 million after capital expenditures of $605 millionProduced average first quarter volumes of 679 thousand barrels of oil equivalent per day ("MBOE/d"), at the high end of company guidance across all products including 225 thousand barrels per day ("Mbbls/d") of oil and condensate, 100 Mbbls/d of other NGLs (C2 to C4) and 2,124 million cubic feet per day ("MMcf/d") of natural gasClosed the acquisition of NuVista Energy Ltd., adding approximately 100 MBOE/d

DENVER, April 10, 2026 /CNW/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its first quarter 2026 results conference call at 8:00 a.m. MT, on Tuesday May 12, 2026. The Company plans to release its financial and operating results after market close, Monday May 11, 2026. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com.  To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4aQ9VDs  to receive an instant automated call back.You can also dial direct to be entered to the call by a

Strategic Transformation Complete, Driving Increased Shareholder ReturnsHighlights:Full Year 2025Generated cash from operating activities of $3.7 billion, Non-GAAP Cash Flow of $3.8 billion and Non-GAAP Free Cash Flow of $1.6 billion after capital expenditures of $2.1 billionProduced average total volumes of 615 thousand barrels of oil equivalent per day ("MBOE/d"), including 209 thousand barrels per day ("Mbbls/d") of oil and condensate, 95 Mbbls/d of other NGLs (C2 to C4) and 1,862 million cubic feet per day ("MMcf/d") of natural gasReturned more than $600 million to shareholders through the combination of base dividend payments and share buybacksAnnounced the acquisition of NuVista Energy

DENVER, Jan. 20, 2026 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its 2025 fourth quarter and year-end results conference call at 8:00 a.m. MT, on Tuesday February 24, 2026. The Company plans to release its financial and operating results after market close, Monday February 23, 2026. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4bsVAgj to receive an instant automated call back. You can also dial direct to be entered to the call by an

Full Year Production Guidance Increased, Capital Investment Unchanged Highlights: Generated cash from operating activities of $812 million, Non-GAAP Cash Flow of $895 million and Non-GAAP Free Cash Flow of $351 million after capital expenditures of $544 millionThird quarter production was at or above the high end of the guidance range on every product with average total production volumes of 630 thousand barrels of oil equivalent per day ("MBOE/d"), including 212 thousand barrels per day ("Mbbls/d") of oil and condensate, 98 Mbbls/d of other NGLs (C2 to C4) and 1,925 million cubic feet per day ("MMcf/d") of natural gasReduced Net Debt by $126 million during the quarter to approximately $5.18

Transaction Adds Scale and High-Quality Oil Inventory to Ovintiv's Premier Montney Position Highlights: Agreement reached to acquire NuVista Energy Ltd. at an average price of approximately C$17.80 per share, or total consideration of approximately $2.7 billion (C$3.8 billion)Acquisition is expected to add approximately 140,000 net acres and approximately 100 thousand barrels of oil equivalent per day ("MBOE/d") in the core of the oil-rich Alberta Montney, highly complementary to Ovintiv's existing acreageDrilling inventory additions of approximately 930 total net 10,000-foot equivalent well locations, at an average cost of $1.3 million per location, including approximately 620 premium(1) re

DENVER, Oct. 7, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV)  today announced plans to hold its third quarter 2025 results conference call at 8:00 a.m. MT, on Wednesday November 5, 2025. The Company plans to release its financial and operating results after market close, Tuesday November 4, 2025. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com.  To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/428xJ0S to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. P

Full Year Capital Guidance Lowered; Production Guidance Increased Highlights: Generated cash from operating activities of $1,013 million, Non-GAAP Cash Flow of $913 million and Non-GAAP Free Cash Flow of $392 million after capital expenditures of $521 millionSecond quarter production was above the guidance range on every product with average total production volumes of 615 thousand barrels of oil equivalent per day ("MBOE/d"), including 211 thousand barrels per day ("Mbbls/d") of oil and condensate, 96 Mbbls/d of other NGLs (C2 to C4) and 1,851 million cubic feet per day ("MMcf/d") of natural gasReduced Net Debt by $217 million during the quarter to approximately $5.31 billionReturned $223 m

DENVER, July 10, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its second quarter 2025 results conference call at 8:00 a.m. MT, on Friday July 25, 2025. The Company plans to release its financial and operating results after market close, Thursday July 24, 2025. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3Pu99jK to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please di

Continued Maintenance Investment to Drive Free Cash Flow; High-Graded Portfolio Bolsters Financial Resiliency Highlights: Generated cash from operating activities of $873 million, Non-GAAP Cash Flow of $1,004 million and Non-GAAP Free Cash Flow of $387 million after capital expenditures of $617 millionFirst quarter oil and condensate production was above the guidance range at 206 thousand barrels per day ("Mbbls/d")Average total production of approximately 588 thousand barrels of oil equivalent per day ("MBOE/d") was above the midpoint of the guidance range and included 89 Mbbls/d of other NGLs (C2 to C4) and 1,764 million cubic feet per day ("MMcf/d") of natural gasClosed the previously ann

DENVER, March 26, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its first quarter 2025 results conference call at 8:00 a.m. MT, on Wednesday May 7th, 2025. The Company plans to release its financial and operating results after market close, Tuesday May 6, 2025. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4gNVVu0 to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please di

2024 Non-GAAP Free Cash Flow Up Approximately 50% Year-Over-Year Highlights: Full Year 2024 Generated cash from operating activities of $3.7 billion, Non-GAAP Cash Flow of $4.0 billion and Non-GAAP Free Cash Flow of $1.7 billion after capital expenditures of $2.3 billionProduced average total volumes of 585 thousand barrels of oil equivalent per day ("MBOE/d"), including 211 thousand barrels per day ("Mbbls/d") of oil and condensate, 91 Mbbls/d of other NGLs (C2 to C4) and 1,698 million cubic feet per day ("MMcf/d") of natural gasReturned more than $900 million to shareholders through the combination of base dividend payments and share buybacksAnnounced the acquisition of oil-rich Montney a

DENVER, Jan. 16, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its 2024 fourth quarter and year-end results conference call at 9:00 a.m. MT, on Thursday February 27, 2025. The Company plans to release its financial and operating results after market close, Wednesday February 26, 2025. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3W9vdna to receive an instant automated call back. You can also dial direct to be entered to the call b

Transaction to Significantly Expand Existing Montney Premium Oil Inventory, Company to Exit Uinta Basin with Asset Sale Highlights: Agreement reached to acquire approximately 109,000 net acres and approximately 70 thousand barrels of oil equivalent per day ("MBOE/d") in the core of the Alberta Montney for $2.377 billion (C$3.325 billion)Acquisition will add approximately 900 total net well locations, including approximately 600 premium(1) return well locations and approximately 300 upside locations, extending premium Montney oil and condensate inventory life to approximately 15 yearsExpanded access to additional midstream and downstream infrastructure will enable future oil growth optionalit

Full Year Production Guidance Increased; Strong Operational Execution and Debt Reduction Continue Highlights: Generated net earnings of $507 million, cash from operating activities of $1,022 million, Non-GAAP Cash Flow of $978 million and Non-GAAP Free Cash Flow of $440 million after capital expenditures of $538 millionThird quarter production was above the high-end of the guidance range on every product with average total production volumes of 593 thousand barrels of oil equivalent per day ("MBOE/d"), including 212 thousand barrels per day ("Mbbls/d") of oil and condensate, 93 Mbbls/d of other NGLs (C2 to C4) and 1,725 million cubic feet per day ("MMcf/d") of natural gasReturned $240 milli

DENVER, Oct. 11, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its third quarter 2024 results conference call at 7:00 a.m. MT, on Friday November 8, 2024. The Company plans to release its financial and operating results after market close, Thursday November 7, 2024. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com.   To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3XEGImx to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Pl

Operational Excellence Drives Strong Financial Results; Production Guidance Raised Highlights: Generated net earnings of $340 million, cash from operating activities of $1,020 million, Non-GAAP Cash Flow of $1,025 million and Non-GAAP Free Cash Flow of $403 million after capital expenditures of $622 millionSecond quarter production was at the high-end or above the guidance range on every product with average total production volumes of 594 thousand barrels of oil equivalent per day ("MBOE/d"), including 212 thousand barrels per day ("Mbbls/d") of oil and condensate, 92 Mbbls/d of other NGLs (C2 to C4) and 1,740 million cubic feet per day ("MMcf/d") of natural gasReturned $262 million to shar

Operational Excellence Drives Strong Financial Results; Production Guidance Raised Highlights: Generated net earnings of $340 million, cash from operating activities of $1,020 million, Non-GAAP Cash Flow of $1,025 million and Non-GAAP Free Cash Flow of $403 million after capital expenditures of $622 millionSecond quarter production was at the high-end or above the guidance range on every product with average total production volumes of 594 thousand barrels of oil equivalent per day ("MBOE/d"), including 212 thousand barrels per day ("Mbbls/d") of oil and condensate, 92 Mbbls/d of other NGLs (C2 to C4) and 1,740 million cubic feet per day ("MMcf/d") of natural gasReturned $262 million to shar

DENVER, July 11, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its second quarter 2024 results conference call at 8:00 a.m. MT, on Wednesday July 31, 2024. The Company plans to release its financial and operating results after market close, Tuesday July 30, 2024. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3tYoHEZ to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please

Strong Shareholder Returns Underpinned by Continued Operational Excellence Highlights:Generated net earnings of $338 million, cash from operating activities of $659 million, Non-GAAP Cash Flow of $1,035 million and Non-GAAP Free Cash Flow of $444 million after capital expenditures of $591 millionFirst quarter production was at the high-end or above the guidance range on every product with average total production volumes of 574 thousand barrels of oil equivalent per day ("MBOE/d"), including 211 thousand barrels per day ("Mbbls/d") of oil and condensate, 88 Mbbls/d of other NGLs (C2 to C4) and 1,648 million cubic feet per day ("MMcf/d") of natural gasReturned $328 million to shareholders thr

DENVER, April 8, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its first quarter 2024 results conference call at 9:00 a.m. MT, on Wednesday May 8, 2024. The Company plans to release its financial and operating results after market close, Tuesday May 7, 2024. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3tPPnb2 to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please dial

Strong 2023 Operational Execution; Enhanced Capital Efficiency Expected in 2024 Highlights:                                                                         Full Year 2023 Generated net earnings of $2.1 billion, cash from operating activities of $4.2 billion, Non-GAAP Cash Flow of $3.9 billion and Non-GAAP Free Cash Flow of $1.2 billion after capital expenditures of $2.7 billionExceeded high end of full year production guidance on every product with average total volumes of 566 thousand barrels of oil equivalent per day ("MBOE/d"), including 202 thousand barrels per day ("Mbbls/d") of oil and condensate, 90 Mbbls/d of other NGLs (C2 to C4) and 1,642 million cubic feet per day ("MMcf

DENVER, Jan. 26, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its 2023 fourth quarter and year-end results conference call at 8:00 a.m. MT, on Wednesday February 28, 2024. The Company plans to release its financial and operating results after market close, Tuesday February 27, 2024. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3Segm9H to receive an instant automated call back. You can also dial direct to be entered to the call by

DENVER, Oct. 10, 2023 Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its third quarter 2023 results conference call at 10:00 a.m. MT, on Wednesday November 8, 2023. The Company plans to release its financial and operating results after market close, Tuesday November 7, 2023. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3nQ9Md7 to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please dial 888-

Strong Results Across Portfolio Drive Higher Full Year Production Guidance and Reduced Capital and Per Unit Cost Guidance Second Quarter 2023 Highlights: Generated net earnings of $336 million, cash from operating activities of $831 million, Non-GAAP Cash Flow of $699 million and Non-GAAP Free Cash Flow of $59 million after capital expenditures of $640 millionExceeded second quarter production guidance on every product with average total production volumes of 573 thousand barrels of oil equivalent per day ("MBOE/d"), including 186 thousand barrels per day ("Mbbls/d") of oil and condensate, 97 Mbbls/d of other NGLs (C2 to C4) and 1,743 million cubic feet per day ("MMcf/d") of natural gasIncr

DENVER, June 29, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its second quarter 2023 results conference call at 9:00 a.m. MT, on Friday July 28, 2023. The Company plans to release its financial and operating results after market close, Thursday July 27, 2023. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3pmXQ2L to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please di

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 millionReturned $300 million to shareholders through the combination of base dividend payments and share buybacksCommodity 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 hedgesAnnounced a 20% increase in quarterly dividend payments to $0.30 per share, effective for the June 2023 record dateE

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. The Company plans to release its financial and operating results after market close, Tuesday May 9, 2023. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/43vQfOY to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please dia

Transaction Expands Permian Premium Inventory, Enhances Shareholder ReturnsCompany to Exit Bakken Position with Announced Asset Sale Highlights: Acquiring approximately 65,000 net acres of largely undeveloped resource in Martin and Andrews Counties, highly complementary with Ovintiv's existing Permian Basin positionValued at approximately 2.8 times next twelve months ("NTM") Adjusted EBITDA with a 19% NTM Non-GAAP Free Cash Flow Yield at current commodity strip pricingAdds approximately 1,050 net well locations, including approximately 800 premium(1) return well locations and approximately 250 high potential upside locationsImmediately accretive to Non-GAAP Cash Flow per share, Non-GAAP Fre

Company Delivers Record Financial Results and Significant Inventory Additions Highlights: Full Year 2022 Generated net earnings of $3.6 billion, cash from operating activities of $3.9 billion, Non-GAAP Cash Flow of $4.1 billion and Non-GAAP Free Cash Flow of $2.3 billion after capital expenditures of $1.8 billionReduced total long-term debt by approximately $1.2 billion; Non-GAAP Debt to Adjusted EBITDA ratio of 0.8 times at year-end, down from 1.5 times at year-end 2021Returned $958 million to shareholders through the combination of base dividend payments and share buybacksAdded approximately 450 net premium drilling locations through inventory renewal program, replacing approximately 200%

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. The Company plans to release its financial and operating results after market close, Monday February 27, 2023. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator assistance, you may register and enter your phone number at https://bit.ly/3IGLDNX to receive an instant automated call back. You can also dial direct to be entered to the call by an Opera

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 millionReturned $387 million to shareholders in the third quarter via share buybacks and base dividendsReduced Net Debt by $294 million during the third quarter; $991 million of Net Debt reduction year to dateRepurchased 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 annuallyIncreased full year 2022 total production guidance by five thousand ba

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. The Company plans to release its financial and operating results after market close, Tuesday November 8, 2022. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the conference call, please dial 888-664-6383 (toll-free in North America) or 416-764-8650 (international) approximately 15 minutes prior to the call. The live audio webcast of the event, including slides, also will be available

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. MT (11:00 a.m. ET). The materials can be found on the company's website, www.ovintiv.com, under Investors/Presentations and Events. The webcast will be archived for approximately 90 days. To join the webcast, please use the following URL: https://app.webinar.net/2wgpZWzQJPV Analysts may participate in the conference call by dialing 888-664-6383 (toll-free in North America) or 416-764-8650 (international) approximately 15 minutes prior to the call. Further information on Ovintiv Inc. is available at www.ovintiv.com

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. MT, Monday September 19, 2022 Webcast Details: To join the webcast, please click here. Analysts and investors may participate in the conference call by dialing 888-664-6383 (toll-free in North America) or 416-764-8650 (international) approximately 15 minutes prior to the call. Slides will be available at www.ovintiv.com under Investors/Presentations and Events before markets open on Monday September 19, 2022. What to expect: An overview of the Company's differentiated market access and price diversification stra

 Shareholder Returns Doubled, Highest Quarterly Cash Flow in Over a Decade Highlights: Generated second quarter net earnings of $1.36 billion, Non-GAAP Cash Flow of $1.22 billion and Non-GAAP Free Cash Flow of $713 millionDoubled shareholder returns from 25% to 50% of Non-GAAP Free Cash Flow after base dividends beginning in July 2022, one quarter sooner than previously planned  Returned approximately $200 million to shareholders in the second quarter via share buybacks and base dividends; the Company expects to return approximately $389 million in the third quarterRedeemed the entire aggregate principal amount of its 2024 notes totaling approximately $1 billionReduced Net Debt by $610 milli

DENVER, July 13, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its 2022 second quarter results conference call at 8:00 a.m. MT, on Thursday August 4, 2022. The Company plans to release its financial and operating results after market close, Wednesday August 3, 2022. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the conference call, please dial 888-664-6383 (toll-free in North America) or 416-764-8650 (international) approximately 15 minutes prior to the call. The live audio webcast of the event, including slides, also will be available o

Company Increases Quarterly Dividend by 25%; Announces Debt Redemption; Announces Plan to Double Shareholder Returns Resulting in 2022 Returns of ~$1 billion Highlights: Generated first quarter cash from operating activities of $685 million, Non-GAAP Cash Flow of $1,043 million and Non-GAAP Free Cash Flow of $592 millionAnnounced plan to double shareholder returns from 25% to 50% of Non-GAAP Free Cash Flow after base dividends beginning in October of 2022Announced a 25% increase to quarterly dividend payments; increasing annualized dividends to $1.00 per sharePlanned 2022 shareholder returns now expected to total approximately $1 billionReturned $123 million to shareholders in the first quar

DENVER, April 8, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its 2022 first quarter results conference call at 9:00 a.m. MT, on Tuesday May 10, 2022. The Company plans to release its financial and operating results after market close, Monday May 9, 2022. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the conference call, please dial 888-664-6383 (toll-free in North America) or 416-764-8650 (international) approximately 15 minutes prior to the call. The live audio webcast of the event, including slides, also will be available on Ovintiv'

Company Increases Quarterly Dividend by 43%; Underpinned by Leading 2022 Capital Efficiency Highlights: Generated full year net earnings of $1.4 billion, cash from operating activities of $3.1 billion, Non-GAAP Cash Flow of $3.2 billion and Non-GAAP Free Cash Flow of $1.7 billion Reduced Net Debt by approximately $2.3 billion; expect to reach $3 billion Net Debt target in the second half of 2022 assuming $85 per barrel for WTI oil and $4.50 per thousand cubic feet ("Mcf") for NYMEX natural gas Announced a 43% increase to quarterly dividend payments; now $0.80 per share annualized Continued substantial share buybacks with approximately 4.3 million shares acquired to date since the beginning o

DENVER, Jan. 19, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its 2021 fourth quarter and year-end results conference call at 9:00 a.m. MT, on Friday, February 25, 2022. The Company plans to release its financial and operating results after market close, Thursday, February 24, 2022. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the conference call, please dial 888-664-6383 (toll-free in North America) or 416-764-8650 (international) approximately 15 minutes prior to the call. The live audio webcast of the event, including slides, also w

Strong Third Quarter Free Cash Flow to Enhance Shareholder Returns Through Fourth Quarter Share Buyback Program Third Quarter Highlights: Generated third quarter cash from operating activities of $812 million, non-GAAP cash flow of $845 million and non-GAAP free cash flow of $480 million Reduced net debt by $409 million to $4.8 billion; achieved 1.5 times net debt to adjusted EBITDA leverage ratio Fully offset inflation during the quarter with operational efficiency gains and supply chain management Implemented a new capital allocation framework to increase cash returns to shareholders through share buybacks and/or variable dividends; Company expects to purchase shares equivalent to $111 mi

DENVER, Oct. 14, 2021 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its third quarter 2021 results conference call at 9:00 a.m. MT, on Wednesday November 3, 2021. The Company plans to release its financial and operating results after market close, Tuesday November 2, 2021. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the conference call, please dial 888-664-6383 (toll-free in North America) or 416-764-8650 (international) approximately 15 minutes prior to the call. The live audio webcast of the event, including slides, also will be availabl

Dividend Increased by ~50%, New Debt Target Established Second Quarter Highlights: Generated second quarter cash from operating activities of $750 million, non-GAAP cash flow of $733 million and non-GAAP free cash flow of $350 million Reduced net debt(1) by $1.2 billion to $5.2 billion; accelerated expected timeline of $4.5 billion net debt target to year-end 2021 Continued to demonstrate industry-leading capital efficiencies with operational efficiency gains and supply chain management more than offsetting inflation during the quarter Established new net debt target of $3 billion, expected to be achieved by year-end 2023 assuming $50 per barrel (bbl) WTI oil and $2.75 per thousand cubic fee